5815 W Olympic Boulevard
Los Angeles, CA 90036
4
Bed
0
Bath
3,173Sqft
6,823Sqft(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 4Bathroom Information
Total Baths: 4 Full Baths: 0 Half Baths: 0 -
Interior Features
Property Appliances: Dishwasher,Disposal,Microwave -
Cooling Features
Wall/Window Unit(s) Air ConditioningHeating Source
Wall Furnace Has Heating
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Building Information
Year Built: 1927 Building Area Total: 3,173
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1566 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 6823
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Listing Price Information
Original List Price: 2,200,000 Listing Contract Date: 2026-03-09 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 5089016023
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Garage and Parking
Garage Description: DrivewayHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: Electricity,Gas
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Other Property Info
Source Listing Status: Active Source Neighborhood: C19 - Beverly Center-Miracle Mile Postal Code Plus 4: 4665 Directions: On W Olympic Blvd between S Sierra Bonita Ave and S Curson Ave Zoning: LAR3 Source Property Type: Residential Income Area: C19 - Beverly Center-Miracle Mile -
Building and Construction
Property Age: 99 Year Built Source: Vendor Enhanced Total Square Feet Living: 3173 Levels or Stories: Multi/Split
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 520 N Citrus, Los Angeles, CA, 90036 | $1,915,000 | 3 | 2 | 1,519 | 1,519 SqFt |
| 516 N Mansfield Avenue, Los Angeles, CA, 90036 | $1,999,000 | 3 | 3 | 2,038 | 2,038 SqFt |
| 617 N Orange Drive, Los Angeles, CA, 90036 | $5,250,000 | 20 | -- | 15,000 | 15,000 SqFt |
| 537 N Orange Drive, Los Angeles, CA, 90036 | $4,725,000 | 10 | -- | 7,630 | 7,630 SqFt |
| 619 N Sycamore Avenue, Los Angeles, CA, 90036 | $874,000 | 2 | 2 | 1,093 | 1,093 SqFt |
| 457 N Orange Drive, Los Angeles, CA, 90036 | $2,300,000 | 6 | -- | 4,297 | 4,297 SqFt |
| 367 N Orange Drive, Los Angeles, CA, 90036 | $2,195,000 | 6 | -- | 4,662 | 4,662 SqFt |
| 637 N Detroit Street, Los Angeles, CA, 90036 | $1,650,000 | 3 | 2 | 1,614 | 1,614 SqFt |
| 615 S Highland Avenue, Los Angeles, CA, 90036 | $3,199,000 | 4 | 5 | 3,331 | 3,331 SqFt |
| 100 N Sycamore Avenue, Los Angeles, CA, 90036 | $5,450,000 | 17 | -- | 16,588 | 16,588 SqFt |
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ByOwner last updated this listing 06/12/2026 @ 14:40
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