3386 E Olympic Boulevard

    Los Angeles (City), CA 90023
    • $4,900,000
    • STATUS: Active
    • ON SITE: 157 days
    • ID#: AR19085080
    UPDATED: 53 min ago
    $4,900,000
    • 0
      BEDS
    • 0.57
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,000
      SQFT
    • $245
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1945
    County:

    School Ratings & Info

    Description

    $350K Price Reduction!!! Submit Offers!Located in a Qualified Opportunity Zone. The portfolio of properties located at 3364-3386 E. Olympic Blvd in Los Angeles consists of five separate parcels of property with four buildings and a parking lot. The properties total approximately 20K square feet situated on approximately 24,939 square feet of land. All tenants are month to month and can be vacated at close of escrow. The property has 2 dock high doors and 3 grade level loading doors, bow-truss ceilings and sprinklers. The properties are located along highly trafficked Olympic Blvd minutes from downtown Los Angeles and close access to the 5, 60, 710, 10 and 101 freeways.The zoning is M2-1-CUGU which is a light industrial zone allowing a variety of business uses including R&D, retail, wholesale, light industrial and manufacturing, assembly and fabrication, etc. These properties are located in the Adelante Eastside Redevelopment Area- please contact the LA Community Redevelopment Agency for more information. The properties are also part of the State Enterprise Zone. This provides employment and economic incentives to businesses to stimulate local investment and employment. This also allows the properties to enjoy lower parking ratio requirements as well as special height district allowing for increased development. The CUGU overlay designates the properties in a +G+Clean Up Green Up+G- district.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T17:49:06.667. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/93725173

    3386 E Olympic Boulevard Los Angeles (City), CA 90023

    • Price: $4,900,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: AR19085080
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.57
    Acres
    20,000
    SQFT
    $245
    $/SQFT
    1945
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    $350K Price Reduction!!! Submit Offers!Located in a Qualified Opportunity Zone. The portfolio of properties located at 3364-3386 E. Olympic Blvd in Los Angeles consists of five separate parcels of property with four buildings and a parking lot. The properties total approximately 20K square feet situated on approximately 24,939 square feet of land. All tenants are month to month and can be vacated at close of escrow. The property has 2 dock high doors and 3 grade level loading doors, bow-truss ceilings and sprinklers. The properties are located along highly trafficked Olympic Blvd minutes from downtown Los Angeles and close access to the 5, 60, 710, 10 and 101 freeways.The zoning is M2-1-CUGU which is a light industrial zone allowing a variety of business uses including R&D, retail, wholesale, light industrial and manufacturing, assembly and fabrication, etc. These properties are located in the Adelante Eastside Redevelopment Area- please contact the LA Community Redevelopment Agency for more information. The properties are also part of the State Enterprise Zone. This provides employment and economic incentives to businesses to stimulate local investment and employment. This also allows the properties to enjoy lower parking ratio requirements as well as special height district allowing for increased development. The CUGU overlay designates the properties in a +G+Clean Up Green Up+G- district.
    Exterior Features

    Lot Features Near Public TransitSprinkler SystemWalkstreet Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels Description 5190-034-0205190-034-0135190-034-0135190-034-015 Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Land Lease YN No Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 4 Property Sub Type Industrial Security Features Fire Sprinkler System Special Listing Conditions Standard Sprinklers YN Yes Water Source Public Year Built Source Assessor

    Listing provided courtesy of Linda Vidov of Top Commercial Realty, Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T17:49:06.667. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
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