5320 W. Olympic Blvd. is a 21 unit multifamily property in the Mid-Wilshire neighborhood of Los Angeles that is on the market for the first time since 2007. The property consists of ten (10) studios and eleven (11) 1-bedroom units. Built in 1944, the property has been professionally maintained and… Read More managed for nearly 20 years. The 21 units are situated on a 10,816 SF lot at the corner of Olympic Blvd. and Meadowbrook Ave., minutes from La Brea Ave., Wilshire Blvd. and San Vicente Blvd. The property's central location and proximity to some of the city's best landmarks and restaurants ensures strong rental demand and upside for the foreseeable future. An attractive unit mix presents buyers with the opportunity to add to their portfolio in one of the best rental locations in all of Los Angeles. With three units being delivered vacant at the close of escrow, buyers will also be able to add value and realize market rent immediately. Read Less
Property listed by South Park Group, Inc., Erick Uribe 323-651-0191
Listing Snapshot
Days Online
45
Last Updated
Property Type
Other
Beds
11
Square Ft.
13,992
Lot Size
0.25 Acres
MLS Number
25575701
30 Days Snapshot Of 90036
$2.39M
+23%
(avg) sold price
7
+75%
homes sold
95
+82%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Building area total: 13,992, Levels: Two, Living area: 13992, 2 stories, 1 building, Architectural style: Spanish, Attached, Common walls: OneCommonWall
Heating
WallFurnace
Income
Gross income: $392,892, Net operating income: $228,061
Lot
0.2483 acres, 10,816 square feet, Size: 10,816
Parking
None
Pool
None
Property
Zoning: LAR3
Spa
None
Tenant Pays
Electricity
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Based on information from California Regional Multiple Listing Service, Inc. as of 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 broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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