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For Sale

$725,000

2,844 sqft$255/sqft188 days on market

5016 E Olympic Boulevard

Los Angeles, CA 90022

· 8% down, 7% APR, 30yr fixed

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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.

Listing agent (MLS): Robert A Rodriguez · Listing brokerage (MLS): Compass

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

· 8% down, 7% APR, 30yr fixed
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Courtesy of Compass