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.

Based on information submitted to CRMLS as of May 21, 2026 5:20 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Property Details of 5815 W Olympic Boulevard

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Luxury Malibu Property | Pinnacle Estate Properties Malibu