3404 E Olympic Boulevard, Los Angeles, CA, US, 90023
3404 E Olympic Boulevard, Los Angeles, CA, US, 90023Basics
- Date added: Added 4 days ago
- Category: CommercialSale
- Type: Industrial
- Status: Active
- Floors: 1
- Lot size: 3181, 3181 sq ft
- Year built: 1954
- County: Los Angeles
- MLS ID: OC24170684
Description
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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.
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Location
- Directions: (From Downtown) Travel east on E Olympic Blvd, turn right on Velasco Street.
- Lot Size Acres: 0.073 acres
Building Details
- Water Source: Public
- Lot Features: CornerLot,Level,RectangularLot
- Building Area Units: SquareFeet
- Construction Materials: Log
- Fencing: GoodCondition,WroughtIron
- Number Of Buildings: 1
Amenities & Features
- Security Features: SecurityGate
- Roof: Asphalt,Shingle
- Utilities: ElectricityConnected,NaturalGasAvailable,SewerConnected,WaterConnected
- Electric: ElectricityOnProperty,Volts220
- Heating: None
- Laundry Features: None
Miscellaneous
- List Office Name: MC Funding, Inc
- Listing Terms: Cash,CashToNewLoan,Conventional,Exchange1031,GovernmentLoan
- Common Interest: None
- Exclusions: Appliances, tools, equipment, vehicles