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3404 E Olympic Blvd

760 SF Industrial Building Los Angeles, CA 90023 £986,250 (£1,298/SF)

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Investment Highlights

Heavy traffic throughout the day
Easy access to freeways

One of the few remaining industrially zoned properties in Los Angeles
Easy access to Los Angeles Downtown

Executive Summary

This is a rare and fantastic opportunity to own a corner industrial property with office and outdoor work area, all located within the Federal Opportunity Zone! It is a perfect property for an owner-user but it can be developed into anything your dream of! The property is in a prime location just blocks from the 5, 710, 60, and 110 freeways, situated on highly trafficked Olympic Blvd, offering excellent visibility. Zoned LA City M2-1-CUGU, the property allows for various light industrial uses, making it ideal for industrial or commercial businesses. The property is currently occupied by the seller, but it can be rented out providing potential for rent income. The industrial building includes an office, outdoor work area, automatic gate and security door. Located within both the State Enterprise and Federal Opportunity Zones, this property offers significant development incentives, special height limits, and reduced parking requirements.

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Taxes & Operating Expenses (Actual - 2024) Click Here to Access	Annual	Annual Per SF
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	£986,250	Rentable Building Area	760 SF
Price Per SF	£1,298	Number of Floors	1
Sale Type	Owner User	Year Built	1954
Property Type	Industrial	Clear Ceiling Height	8 ft
Property Subtype	Manufacturing General Retail Storefront Retail/Office Industrial Distribution Industrial Service	Level Access Doors	1
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.07 AC

Price	£986,250
Price Per SF	£1,298
Sale Type	Owner User
Property Type	Industrial
Property Subtype	Manufacturing General Retail Storefront Retail/Office Industrial Distribution Industrial Service
Building Class	C
Lot Size	0.07 AC
Rentable Building Area	760 SF
Number of Floors	1
Year Built	1954
Clear Ceiling Height	8 ft
Level Access Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

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Walk Score ®

Very Walkable (82)

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PROPERTY TAXES

Parcel Number	5190-035-001	Improvements Assessment	£181,205
Land Assessment	£155,319	Total Assessment	£336,523

PROPERTY TAXES

Parcel Number

5190-035-001

Land Assessment

£155,319

Improvements Assessment

£181,205

Total Assessment

£336,523

zoning

Zoning Code	LAM2
LAM2

KP Chung
MC Funding Inc.

(855) 915-4140

Listing ID: 33012372
Date on Market: 30/08/2024
Last Updated:
Address: 3404 E Olympic Blvd, Los Angeles, CA 90023

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3404 E Olympic Blvd, Los Angeles, CA for sale Building Photo- Image 1 of 8 — Building Photo

3404 E Olympic Blvd, Los Angeles, CA for sale Building Photo- Image 2 of 8 — Building Photo

3404 E Olympic Blvd, Los Angeles, CA for sale Building Photo- Image 3 of 8 — Building Photo

3404 E Olympic Blvd, Los Angeles, CA for sale Building Photo- Image 4 of 8 — Building Photo

3404 E Olympic Blvd, Los Angeles, CA for sale Building Photo- Image 5 of 8 — Building Photo

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3404 E Olympic Blvd, Los Angeles, CA for sale Building Photo- Image 7 of 8 — Building Photo

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