Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90023 3404 E Olympic Boulevard

3404 E Olympic Boulevard Los Angeles, CA - Image 13404 E Olympic Boulevard Los Angeles, CA - Image 23404 E Olympic Boulevard Los Angeles, CA - Image 3
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3404 E Olympic Boulevard Los Angeles, CA - Image 43404 E Olympic Boulevard Los Angeles, CA - Image 53404 E Olympic Boulevard Los Angeles, CA - Image 6
Presented By: K.P. Chung with MC Funding, Inc;
  • MLS# OC24170684
  • 08/20/2024
  • Request Tour
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  • SQFT • 760
  • Year Built • 1954

Home Details

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.
Presented By: K.P. Chung with MC Funding, Inc;

Interior Features for 3404 E Olympic Boulevard

Other Interior Features

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

Other Rooms

Entry Level1

General for 3404 E Olympic Boulevard

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Construction MaterialsLog
CountyLos Angeles
Current FinancingGovernmentLoan
Directions(From Downtown) Travel east on E Olympic Blvd, turn right on Velasco Street.
ElectricElectricityOnProperty, Volts220
Electric On Property Y/NNo
ExclusionsAppliances, tools, equipment, vehicles
Expected Active Date 2024-09-01
Garage Y/NNo
HOANo
HeatingNone
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031, GovernmentLoan
Lot Size Square Feet3181.0
Lot Size UnitsSquareFeet
MLS AreaBOYH - Boyle Heights
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeOwner
Property Attached Y/NNo
Property Sub Type AdditionalIndustrial
Property SubtypeIndustrial
Property TypeCommercialSale
Rent Control Y/NNo
RoofAsphalt, Shingle
Security FeaturesSecurityGate
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
UtilitiesElectricityConnected, NaturalGasAvailable, SewerConnected, WaterConnected
Year Built1954

Exterior for 3404 E Olympic Boulevard

Building Area Total760.0
Crops Included Y/NNo
FencingGoodCondition, WroughtIron
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot, Level, RectangularLot
Lot Size Acres0.073
Lot Size Area3181.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic
WaterfrontY/NNo

Additional Details

Price History

Keegan Cin

Team Lead
Price $999,999
MLS#OC24170684
List Date 08/20/2024
Property Type Commercial
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