5320 W Olympic Blvd - Apartments FOR SALE


Los Angeles, CA 90036- Miracle Mile
$4,495,000 USD
323-216-2168
5320 W Olympic Blvd, Los Angeles, CA for Sale
$4,495,000 USD
Apartments - FOR SALE
1/8
null | 4.76% Cap Rate

5320 W Olympic Blvd
Los Angeles, CA 90036
Miracle Mile


HIGHLIGHTS

  • Attractively priced at $4,495,000 ($214,048 per unit)
  • 21 Units: 10 Studios and 11 1-Bedrooms
  • Professionally managed and upgraded by current owner
  • Corner lot on one of Los Angeles' most iconic streets
  • Significant rental upside potential for the savvy investor

OVERVIEW

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 managed for nearly 20 years. The 21 units are situated on a 10,816 square feet lot at the corner of Olympic Boulevard and Meadowbrook Avenue, within walking distance to La Brea Avenue, Wilshire Boulevard and San Vicente Boulevard. 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.

FOR SALE DETAILS

PRICE

$4,495,000 USD

PRICE/SF

$321 USD /SF

# OF UNITS

21

PRICE/UNIT

$214,048

CAP RATE

4.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,324 SF

ZONING

R3-1-0-HPOZ

APN/PARCEL ID

5084-015-019

ASK ABOUT THIS PROPERTY

Erick UribeSouth Park Group, Inc.More Info
323-216-2168

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Erick UribeSouth Park Group, Inc.More Info
323-216-2168

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.