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5320 W Olympic Blvd 21 Unit Apartment Building $5,100,000 ($242,857/Unit) 4.76% Cap Rate Los Angeles, CA 90036
INVESTMENT HIGHLIGHTS
- Attractively priced at $5,100,000 ($242,857 per unit).
- Professionally managed and upgraded by current owner.
- Significant rental upside potential for the savvy investor.
- 21 Units: Ten Studios and Eleven 1-Bedrooms
- Corner lot on one of Los Angeles' most iconic streets.
EXECUTIVE SUMMARY
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 21 units are situated on a 10,816 SF lot at the corner of Olympic Blvd. and Meadowbrook Avenue, within walking distance to La Brea Avenue, 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.
PROPERTY FACTS
| Price | $5,100,000 | Property Subtype | Apartment |
| Price Per Unit | $242,857 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.76% | Lot Size | 0.24 AC |
| Gross Rent Multiplier | 12.9 | Building Size | 13,992 SF |
| No. Units | 21 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1921 |
| Zoning | R3-1-0-HPOZ | ||
| Price | $5,100,000 |
| Price Per Unit | $242,857 |
| Sale Type | Investment |
| Cap Rate | 4.76% |
| Gross Rent Multiplier | 12.9 |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 13,992 SF |
| No. Stories | 2 |
| Year Built | 1921 |
| Zoning | R3-1-0-HPOZ |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | - |
| 1+1 | 11 | - | 600 |
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 5084-015-019 | Improvements Assessment | $1,473,761 |
| Land Assessment | $1,339,784 | Total Assessment | $2,813,545 |
PROPERTY TAXES
Parcel Number
5084-015-019
Land Assessment
$1,339,784
Improvements Assessment
$1,473,761
Total Assessment
$2,813,545
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5320 W Olympic Blvd
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