$2,200,000
5815 W Olympic BL
Los Angeles, CA, 90036
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
Price:
$2,200,000
MLS #:
26649031
Status:
Active
Beds:
4
Baths:
4
Type:
Single Family
Neighborhood:
c19beverlycentermiraclemile
Listed Date:
Mar 10, 2026
Finished Sq Ft:
3,173
Total Sq Ft:
3,173
Lot Size:
6,823 sqft / 0.16 acres (approx)
Year Built:
1927
Schools
Interior
Appliances
DW, GD, MW
Cooling
WW
Heating
WL
Levels
S
Exterior
Other Structures
SH
Parking Spots
5
Parking Total
5
Financial
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
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Current real estate data for Single Family in Los Angeles as of Apr 06, 2026
7,271
Single Family Listed
88
Avg DOM
516
Avg $ / SqFt
$1,557,141
Avg List Price
Community
- Address5815 W Olympic BL Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90036
Similar Listings Nearby
Property Summary
- 5815 W Olympic BL Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90036. It is listed for $2,200,000 and features 4 beds, 4 baths, and has approximately 3,173 square feet of living space, and was originally constructed in 1927. The current price per square foot is $693. The average price per square foot for Single Family listings in Los Angeles is $516. The average listing price for Single Family in Los Angeles is $1,557,141. To schedule a showing of MLS#26649031 at 5815 W Olympic BL in Los Angeles, CA, contact your James Outland agent at 8057482262.
Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than James Outland include the name of the listing broker. Neither the listing company nor James Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 5815 W Olympic BL
Los Angeles, CA