$725,000
5016 E Olympic Boulevard
Los Angeles, CA 90022
—
Beds
—
Baths
2,844
Square feet
1951
Built
Listing narrative
Description
Rare freestanding 2,248 SF commercial building on high-visibility Olympic Blvd 26,000+ cars daily, 50' of frontage, and three flexible suites. Ideal owner-user opportunity for an artist, creative business, or any commercial user looking to own rather than rent. Can be delivered fully vacant or with two long-term tenants in place renting well below market significant upside on rollover with submarket rents at $25$30/SF. Occupy one suite and let tenants help cover the mortgage, or take the whole building as a studio, gallery, workshop, or creative compound. Single-story masonry construction built in 1951 with 12' ceilings, raw character, and on-site parking off the rear alley. LCM1 zoning supports retail, office, service, and creative uses. Minutes to DTLA, the Arts District, and Boyle Heights with easy 5/60/710 access. Vacant or income-producing your call. Bring your vision.
Property Details
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Price
$725,000
Beds
Beds n/a
Type
Commercial
Home Size
2,844 sqft
Baths
Baths n/a
Lot Size
2,844 sqft
Year
1951
Status
For Sale
Days on Market
188
$ / Sqft
$255
Courtesy of Compass






