$ 750,000
-
$750,000
Price -
0
Bed -
0
Bath -
2,250
SqFt
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About the Listing CLW-X8146108 - CLW-X57373
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.
Listing Highlights
Status
Active
Days on Site
18
Property Type
Commercial Sale
MLS ®
26828753
Year Built
1951
Total Square Footage
2,250
Lot/Acreage
0.07
County
Los Angeles
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 2
- Lot Dimensions: 25x115
- Zoning: LCM1*
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5245016010
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
5016 E Olympic Boulevard Los Angeles, CA 90022
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