5016 E Olympic Boulevard,Los Angeles, CA 90022
Los Angeles, CA 90022
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.
Details
| MLS # | 26828753 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1951 |
| Days On Site | 132 |
| Listing Provided By | Compass | Robert A Rodriguez |
Features
| SQ Feet | 2,250 |
|---|---|
| Zoning | LCM1* |
| Acreage | 0.07 |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90022 |
| Area | ELA East Los Angeles |
| Listing VS Median (in 90022) | |
Price: $750,000 low | high Med: $990,000 sqft: 2,250 low | high Med: 5,098 $ / sqft: $333 low | high Med: $194 On site: 132 low | high Med: 115 | |
Market Activity 90022
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90022 |
| Area | ELA East Los Angeles |
| Listing VS Median (in 90022) | |
Price: $750,000 low | high Med: $990,000 sqft: 2,250 low | high Med: 5,098 $ / sqft: $333 low | high Med: $194 On site: 132 low | high Med: 115 | |
