3404 E Olympic Blvd 760 SF Industrial Building Los Angeles, CA 90023 $1,594,820 CAD ($2,098.45 CAD/SF)

INVESTMENT HIGHLIGHTS

  • Heavy traffic throughout the day
  • Easy access to freeways
  • One of the few remaining industrially zoned properties in Los Angeles
  • Easy access to Los Angeles Downtown

EXECUTIVE SUMMARY

This is a rare and fantastic opportunity to own a corner industrial property with office and outdoor work area, all located within the Federal Opportunity Zone! It is a perfect property for an owner-user but it can be developed into anything your dream of! The property is in a prime location just blocks from the 5, 710, 60, and 110 freeways, situated on highly trafficked Olympic Blvd, offering excellent visibility. Zoned LA City M2-1-CUGU, the property allows for various light industrial uses, making it ideal for industrial or commercial businesses. The property is currently occupied by the seller, but it can be rented out providing potential for rent income. The industrial building includes an office, outdoor work area, automatic gate and security door. Located within both the State Enterprise and Federal Opportunity Zones, this property offers significant development incentives, special height limits, and reduced parking requirements.

PROPERTY FACTS

Price $1,594,820 CAD
Price Per SF $2,098.45 CAD
Sale Type Owner User
Property Type Industrial
Property Subtype
Manufacturing
  • General Retail Auto Repair
  • General Retail Storefront Retail/Office
  • Industrial Service
Building Class C
Lot Size 0.07 AC
Rentable Building Area 760 SF
No. Stories 1
Year Built 1954
Clear Ceiling Height 8’
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes
Walk Score®
Very Walkable (82)

PROPERTY TAXES

ZONING

Zoning Code LAM2 (Heavy Manufacturing)
  • Listing ID: 33012372

  • Date on Market: 2024-08-30

  • Last Updated:

  • Address: 3404 E Olympic Blvd, Los Angeles, CA 90023