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$2,200,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • Updated 4 days ago
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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.

Full Property Details for 5815 W Olympic Blvd

General

  • Price: $2,200,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26649031
  • Updated: 3/10/2026
  • Added to Site: 6 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Other Features: Shed(s)

Parking

  • Garage Description: Driveway, Driveway - Combination

Location

  • Area: Beverly Center-Miracle Mile
  • County: Los Angeles
  • Driving Directions: On W Olympic Blvd between S Sierra Bonita Ave and S Curson Ave

Heating & Cooling

  • Cooling Type: Ceiling Fan, Wall/Window
  • Heating Type: Wall

Structural Information

  • # Buildings: 1
  • Stories/Levels: 0
  • Square Feet: 3,173
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1927
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 4
  • Unit Type: 2106, 2107, 2108

Unit 1

  • Total Bathrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 2
  • Bedrooms: 2

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Lot Size (Acres): 0.1566
  • Lot Size: 6823
  • Lot Size Source: Vendor Enhanced
  • Zoning: LAR3

Financial Considerations

  • Price Per Sq. Ft.: $693.35
  • Assessment Year: 1927
  • Tenant Pays: Gas, Electricity

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 5089-016-023

Listed by Lyon Stahl Investment Real Estate, Inc., Taylor Avakian

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Listing agent

— 5815 W Olympic Blvd —

  • Taylor Avakian

    Lyon Stahl Investment Real Estate, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5815 W Olympic Blvd

School District:Los Angeles Unified School District
NameGradesDistance
Wilshire Crest Elementary School
5241 West Olympic Boulevard, Los Angeles, CA 90036
K-50.7 mi
John Burroughs Middle School
600 McCadden Place, Los Angeles, CA 90005
7-81.2 mi
Fairfax Senior High School
7850 Melrose Avenue, Los Angeles, CA 90046
9-121.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5815 W Olympic Blvd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/09/2026
Listed
$2,200,000
100%
MLS
9/23/2015
Sold
$1,100,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5815 W Olympic Blvd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,415
3%
$1,302,510
4%
2023
$15,944
5%
$1,251,947
2%
2022
$15,233
1%
$1,227,407
2%
2021
$15,042
-1%
$1,203,348
1%
2020
$15,188
4%
$1,191,014
2%
2019
$14,608
1%
$1,167,328
2%
2018
$14,444
2%
$1,144,440
2%
2017
$14,101
2%
$1,122,000
2%
2016
$13,861
317%
$1,100,000
418%
2015
$3,324
-2%
$212,380
2%
2014
$3,384
—
$208,220
—
2013
$3,368
—
$207,280
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Lyon Stahl Investment Real Estate, Inc., Taylor Avakian

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5815 W Olympic Blvd, Los Angeles, CA 90036 (MLS# 26649031) is a Multi-Family property with units containing 4 bedrooms and 0 full bathrooms. 5815 W Olympic Blvd is currently listed for $2,200,000 and was received on March 09, 2026. Want to learn more about 5815 W Olympic Blvd? Do you have questions about finding other Multi-Family real estate for sale in Miracle Mile? You can browse all Miracle Mile real estate or contact a Coldwell Banker agent to request more information.

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