5016 E Olympic BLVD, Los Angeles, CA 90022
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Lucio Real Estate Group

Lucio Real Estate Group

+1(805) 512-0065
$725,000
Est. payment /mo
2,844 Sqft Lot
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26828753

HOA Y/N No

Year Built 1951

Lot Size 2,844 Sqft

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.

Location

State CA

County Los Angeles

Area Ela - East Los Angeles

Zoning LCM1*

Interior

Fireplace No

Exterior

Total Parking Spaces 2

Others

Tax ID 5245016010

Special Listing Condition Standard

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Listed by Robert A Rodriguez Compass #01939553

Nearby Locations

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Lucio Real Estate Group
Lucio Real Estate Group

Broker Associate License ID: 01893011

+1(805) 512-0065

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA 93036, USA

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5016 E Olympic BLVD

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