$ 1,250,000
3404 East Olympic Boulevard Los Angeles, CA 90023
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Listed by K.P. Chung • MC Funding, Inc
$ 1,250,000
Est. payment | /mo
$ 1,250,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC-24170684
Year Built 1954
Property Description
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.
Location
State CA
County Los Angeles
Interior
Heating None
Laundry None
Exterior
Utilities Available Sewer Connected, Electricity Connected, Natural Gas Available
Building
Lot Description Level, Rectangular Lot, Corner Lot
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Darren Humphrey
Partner | Lic# DRE 01724424