$2,200,000
5815 W Olympic Boulevard, Los Angeles CA 90036
Multi-Family (4 Units)
Property type
98 days
On market
$693
Price per sqft
N/A
Garage
1927
Year built
6,823 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Taylor Avakian DRE #02060040 916-996-4421, Lyon Stahl Investment Real Estate, Inc.
Listing updated: Mar 17, 2026 at 07:19am.
Last checked: Jun 13, 2026 at 01:00pm
Source: CRMLS #26649031
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 0 | 1 | — | $1,785 | $1,785 | $2,174 | Unfurnished |
| 2 | 1 | 1 | — | $2,423 | $4,845 | $5,300 | Unfurnished |
| 1 | 2 | 2 | — | $2,985 | $2,985 | $3,173 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Dishwasher: 4
Disposal: 4
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
20.1x
List Price / Annual Gross Rent
Cap Rate
3.12%
NOI / List Price
Net Operating Income: $68,691
Interior
Cooling: Wall Window Units
Heating: Wall Furnace
Appliances: Dishwasher, Disposal, Microwave
Exterior
Stories Total: 0
Levels: Multi Split
Other Structures: Sheds
Garage and Parking
Parking: Driveway
Parking Total: 5
Lot Information
Land Lease: No
Parcel #: 5089016023
Zoning: LAR3
Community
HOA: No
Senior Community: No