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… Read More 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Taylor Avakian 310-425-9838
Listing Snapshot
Days Online
37
Last Updated
Beds
4
Square Ft.
3,173
Lot Size
0.16 Acres
Year Built
1927
MLS Number
26649031
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Microwave
Building
Built in 1927, Living area: 3173.0, 1 building, Levels: MultiSplit
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross Income: $109,611, Net Operating Income: $68,691
Lot
0.1566 acres
Parking
5 total parking spaces, Driveway
Property
Other structures: Sheds
Taxes
Parcel Number: 5089016023, Zoning: LAR3
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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