CA > Los Angeles
Los Angeles, CA 90006,2323 W Olympic BLVD
Los Angeles, CA 90006,2323 W Olympic BLVD
Los Angeles, CA 90006,2323 W Olympic BLVD
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$26,000,000
Est. payment /mo
1.65 Acres Lot
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UPDATED:

02/26/2025 11:48 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25503117

HOA Y/N No

Year Built 1962

Lot Size 1.654 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAC2

Interior

Fireplace No

Exterior

Total Parking Spaces 122

Building

Story 1

Others

Tax ID 5136015027

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Thomas K Lee • WIN Realty & Properties
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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