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5320 W Olympic Blvd 21 Unit Apartment Building $6,271,424 CAD ($298,639 CAD/Unit) 4.76% Cap Rate Los Angeles, CA 90036
INVESTMENT HIGHLIGHTS
- Attractively priced at $4,495,000 ($214,048 per unit)
- Professionally managed and upgraded by current owner
- Significant rental upside potential for the savvy investor
- 21 Units: 10 Studios and 11 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 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.
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.
PROPERTY FACTS
| Price | $6,271,424 CAD | Property Subtype | Apartment |
| Price Per Unit | $298,639 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.76% | Lot Size | 0.24 AC |
| Gross Rent Multiplier | 11.2 | Building Size | 13,992 SF |
| No. Units | 21 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1921 |
| Zoning | R3-1-0-HPOZ | ||
| Price | $6,271,424 CAD |
| Price Per Unit | $298,639 CAD |
| Sale Type | Investment |
| Cap Rate | 4.76% |
| Gross Rent Multiplier | 11.2 |
| 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 (89)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 5084-015-019 | Improvements Assessment | $2,071,091 CAD |
| Land Assessment | $1,882,812 CAD | Total Assessment | $3,953,903 CAD |
PROPERTY TAXES
Parcel Number
5084-015-019
Land Assessment
$1,882,812 CAD
Improvements Assessment
$2,071,091 CAD
Total Assessment
$3,953,903 CAD
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5320 W Olympic Blvd
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