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$ 2,200,000
Est. payment | /mo
3 Beds
3,173 SqFt
$ 2,200,000
Est. payment | /mo
3 Beds
3,173 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,173 sqft
Price per Sqft $693
MLS Listing ID CL26649031
Bedrooms 3
HOA Y/N No
Year Built 1927
Lot Size 6,823 Sqft
Acres 0.16
Property Sub-Type OTHER
Property Description
Rare value-add opportunity in prime Mid-City/Miracle Mile. ONE VACANT UNIT FOR OWNER USER. This 4-unit apartment building at 5815 W Olympic Blvd sits on a 6,752 SF LAR3 lot and comes with two RTI (Ready-to-Issue) ADU permits in hand, offering immediate income expansion potential without the permitting wait. Current rents are below market, creating strong upside for investors and owner-users alike. Unit mix: one studio, two 1+1s, one 2+2. Five on-site parking spaces. Current gross income of $115,380 with a pro forma of $127,752 before factoring in ADU rent potential. Centrally located near Beverly Hills, Koreatown, and DTLA with easy freeway access. LAR3 zoning. Ideal for a 1031 exchange, long-term hold, or an owner-user looking to offset their mortgage with rental income.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Total Parking Spaces 5
Building
New Construction No
Others
Tax ID 5089016023
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Taylor Avakian • Lyon Stahl Investment Real Estate, Inc.
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