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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$5,100,000

Est. payment - /mo

11 Beds

21 Baths

13,992 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 13,992 sqft

Price per Sqft $364

MLS Listing ID 25575701

Bedrooms 11

HOA Y/N No

Lot Size 10,815 Sqft

Property 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., within walking distance to 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.

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Appliance Dryer, Washer

Exterior

Parking Features None

Pool None

Private Pool No

Building

Entry Level Two

Architectural Style Spanish

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5084015019

Special Listing Condition Standard

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Listed by Erick Uribe South Park Group, Inc.

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5320 W Olympic BLVD Los Angeles, CA 90036