5815 W Olympic BLVD, Los Angeles, CA 90036
5815 W Olympic BLVD, Los Angeles, CA 90036
5815 W Olympic BLVD, Los Angeles, CA 90036
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$2,300,000
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6,751 Sqft Lot
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5815 W Olympic BLVD Los Angeles, CA 90036

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26107252

HOA Y/N No

Year Built 1927

Lot Size 6,751 Sqft

Property Description

A four-unit multifamily property in Los Angeles' Miracle Mile / Mid-Wilshire area, built in 1927 on a 6,750 SF lot with a 3,173 SF building. The unit mix includes one studio, two 1BR/1BA units and one 2BR/2BA unit. The studio and two-bedroom are leased at market rents, while both one-bedroom units have been renovated and will be delivered vacant, giving a buyer immediate lease-up at market rents or the option to occupy a unit while collecting income from the rest. The property includes two permitted ADU spaces of approximately 668 SF each, offering potential to expand from four to six units. Five parking spaces on site. Central location near Museum Row (LACMA, Academy Museum, Petersen, La Brea Tar Pits), The Grove and Original Farmers Market, with easy access to Beverly Hills, Century City, Hancock Park and Koreatown. Ideal for an owner-user or value-add investor. Buyer to independently verify all ADU permits, plans, dimensions and square footage.

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAR3

Interior

Fireplace No

Exterior

Utilities Available Natural Gas Available

Total Parking Spaces 5

Building

Water Public

Others

Tax ID 5089016023

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jenny Eng CBRE #01931224

NEARBY SCHOOL & BUSINESS

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Patrick Fossati

Patrick Fossati

Broker Associate License ID: 01907255

+1(805) 910-0463

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