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$ 750,000
Est. payment /mo
Active
5016 E Olympic Blvd Los Angeles, CA 90022
2,250 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,250 sqft
Price per Sqft $333
MLS Listing ID 26828753
Year Built 1951
Lot Size 2,845 Sqft
Acres 0.0653
Property 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.
Location
State CA
County Los Angeles
Area East La
Zoning LCM1*
Exterior
Garage Spaces 2.0
Others
Special Listing Condition Standard
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