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5815 W Olympic BoulevardLos Angeles, CA 90036

For Sale

$2,200,000

Smart Buyer Rebate $22,000

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.

Listed by Taylor Avakian

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License #02060040

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Lyon Stahl Investment Real Estate, Inc.

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916-996-4421

Last updated March 10, 2026

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Source: CRMLS #26649031

Listing Facts

  • TypeMulti-family
  • NeighborhoodMiracle Mile
  • Bedrooms4
  • Days on Prevu7
  • Size3,173 sqft
  • Price per sqft$693

Amenities

  • Dishwasher
  • Parking

Location

Mortgage Calculator

Listing History

03/09/2026
Listed by Lyon Stahl Investment Real Estate, Inc.
$2,200,000

Property Details for 5815 W Olympic Boulevard

Exterior

Construction

  • Number Of Units Total: 4
  • Year Built: 1927

Features

  • Other Structures: Shed(s)

Measurements

  • Building Area Total: 3,173
  • Lot Size Acres: 0.15
  • Lot Size Area: 6,823
  • Lot Size Square Feet: 6,823
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Gross Income: $109,611.00

Taxes

  • Parcel Number: 5089016023

Interior

Features

  • Appliances: Dishwasher, Disposal, Microwave

Measurements

  • Living Area: 3,173

Rooms

  • Bathrooms Total Integer: 4
  • Bedrooms Total: 4

Parking

Parking

  • Parking Features: Driveway
  • Parking Total: 5

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Has Cooling: Yes
  • Heating: Wall Furnace
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 4 bedrooms in this multi-family home at 5815 W Olympic Boulevard.

Does this multi-family home have parking?

Yes, there are 5 parking spaces available for 5815 W Olympic Boulevard.

How does 5815 W Olympic Boulevard compare to other multi-family homes in Miracle Mile?

This multi-family home is listed 4% below the average price for multi-family homes in Miracle Mile and has been on the market for 57 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 3,173 sqft.

5815 W Olympic Boulevard is a 4-bedroom multi-family home for sale in Los Angeles CA 90036. Listed on Prevu for 7 days at $2,200,000. This property features 3,173 square feet of living space, located in Miracle Mile. The median listing price for multi-family homes in this area is $1,995,000. The home offers dishwasher and parking. Explore more multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. 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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.