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5016 E Olympic Boulevard, Los Angeles, CA 90022

$750,000
  • 5016 E Olympic Boulevard, Los Angeles, CA 90022 Main Photo

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Active
MLS#26828753
STATUSActive PROPERTY TYPECommercial - Business

Listing Courtesy of: Compass
Agency Phone: 323-593-6999
Associate Name: Robert A Rodriguez
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Listing Shown by: Farrell Smyth, Inc.
Agency Phone: 805-543-2172


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.

5016 E Olympic Boulevard | MLS# 26828753

This commercial property located at 5016 E Olympic Boulevard, Los Angeles, CA 90022 is currently listed for sale with an asking price of $750,000. Search Los Angeles real estate on www.farrellsmyth.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 0.07 Acres
Year Built: 1951

Feature Descriptions

Days on Site: 21
Lot Dimensions: 25x115
Parcel#: 5245016010

Listed By / Shown By

Listed By

Agency Name: Compass
Agent Name: Robert A Rodriguez
Agency Phone: 323-593-6999

Shown By

Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172

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