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.
Property Details
Price:
$1,250,000
MLS #:
OC24170684
Status:
Active
Baths:
0
Address:
3404 E Olympic Boulevard
Type:
Commercial
Subtype:
Industrial
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Aug 16, 2024
State:
CA
ZIP:
90023
Year Built:
1954
Schools
Interior
Heating
None
Exterior
Electric
220 Volts, Electricity – On Property
Fencing
Good Condition, Wrought Iron
Roof
Asphalt, Shingle
Security Features
Automatic Gate
Stories Total
1
Water Source
Public
Financial
Utilities
Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Map
Contact Us
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Courtesy of MC Funding, Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
3404 E Olympic Boulevard
Los Angeles, CA
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