2323 W Olympic Boulevard
Los Angeles, CA 90006
1.65 acres | #25503117
Description
Amazing opportunity to add value 2323 W. Olympic Blvd Los Angeles large as 1.653 AC / 72,003 SF land size, C2, C4, P1 zone. This land can offer redevelopment opportunity on prime W. Olympic Blvd connecting from K town onto Downtown area. Great mixed use Development Opportunity - This location may build for 350 Residential Units plus 60,000 SF Retail Spaces by Density Bonus w/TOC Tier 3 incentive. Currently, strong Single NNN Tenant (Northgate Market Los Angeles) with 5-year lease only, No option to renew after February 28, 2030 since March 01, 2010 as a starting point. It sure will attract high visibility with major traffic occurrence on Olympic Blvd, just 6-7 blocks from Crypto.com Arena in Downtown LA. A truly rare opportunity with tremendous development with a strong income portfolio to be added to your assets. Buyer and Buyer's agent to verify all information regarding the property to their full and complete satisfaction.
Property Details
- Property SubtypeCommercialSale
- CountyLos Angeles
- Original List Price$26,000,000
- Property TypePurchase
- MLS #25503117
- Cost26000000
- MLS #25503117
- Acres1.6537
- Year Built1962
- Stories1
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Thomas K Lee (#CLW-X97495)
Listing Office: WIN Realty & Properties (#CLW-X73106)
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