Police seize $5m worth of drugs in Sydney

Police have snagged a cocaine and ice haul worth nearly $5 million during raids on an Assyrian crime gang in Sydney's inner west.

On Wednesday police seized 2.7kg of cocaine, approximately 15,500 ecstasy tablets, four hand guns, and ammunition during a raid on a Rozelle home.

Two further raids on Thursday on another Rozelle home and a Glenhaven property saw police net $300,000 in cash, 12.3kg of cocaine, 13.4kg of methylamphetamine, almost 3.5kg of an unknown powder, jewellery, two handguns, a motorcycle, and a Toyota Hiace van.

Police estimate the cocaine is worth $4.5 million while the ice haul has a street value of $310,000.

A 30-year-old man was also arrested in relation to the raids.