2323 W Olympic Boulevard, Los Angeles CA, 90006

Active

2323 W Olympic Boulevard

Los Angeles CA, 90006

$26,000,000

$1,337.65 per sqft

Active

19,437 sqft

Commercial

Built in 1962

Listed by Thomas K Lee with WIN Realty & Properties 213-448-5065

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.

25503117

MLSⓇ ID

February 26, 2025

Listed

February 27, 2025

Updated

Interior Features

Total Stories: 1
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 1.65 Acres

Other Property Details

Area Name: C42 - Downtown L.A.
Garage: No
Parking Total: 122
View: No
County: Los Angeles
Pool: No
Zoning: LAC2

Listing Contact: 213-568-3460

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/27/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 2/27/2025 at 10:38 AM UTC