Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90006 2323 W Olympic Boulevard

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Presented By: Thomas K Lee with WIN Realty & Properties;
  • MLS# 25503117
  • 02/26/2025
  • Request Tour
  • Request Info
  • SQFT • 19,437
  • Year Built • 1962

Home Details

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.
Presented By: Thomas K Lee with WIN Realty & Properties;

Interior Features for 2323 W Olympic Boulevard

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories1

General for 2323 W Olympic Boulevard

Additional Parcels Y/NNo
Attached Garage No
Business NameNorthgate Gonzalez Market
Business TypeGrocery
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
DirectionsThe entire block of corner intersection of Olympic Blvd & Grand View & South Park View Street.
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lease TypeNnn
Lot Size Square Feet72036.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
New ConstructionNo
Property Attached Y/NNo
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built1962
ZoningLAC2

Exterior for 2323 W Olympic Boulevard

Building Area Total19437.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres1.6537
Lot Size Area72036.0
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking122.0
WaterfrontY/NNo

Additional Details

Price History

Justin Hughey

Price $22,000,000
MLS#25503117
List Date 02/26/2025
Property Type Commercial
Request Tour
Request Info

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