5815 W Olympic Blvd 4BR Hancock Park La
| Website: | https://www.nestseekers.com/5331732 |
|---|---|
| Address: | 5815 W Olympic Blvd LOS ANGELES, CA 90036 |
| Ownership: | For Sale |
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| Bedrooms: | 4 BR |
| Bathrooms: | 4 |
| Area: | 6823 sq ft |
| Lot Size: | 0.2 Acres |
Financials
Price:$2,200,000
Description
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.
271 North Canon Drive Beverly Hills, CA 90210 Phone: +1 310-280-8983 Fax: +1 310-362-0351 | |
| Listing Courtesy of Lyon Stahl Investment Real Estate, Inc. | |
