5320 W Olympic Boulevard, Los Angeles, CA 90036

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5320 W Olympic Boulevard

$4,750,000

Overview

Property ID: HZ25575701

11
Bedrooms

21
Bathrooms

13992
Sq Ft

Description

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 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 two units being delivered vacant at the close of escrow, buyers will also be able to add value and realize market rent immediately.