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2881 W Olympic Boulevard, Los Angeles, CA

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2881 W Olympic Boulevard

Los Angeles, CA 90006-2618 - Mid-Wilshire Submarket

Property Type:Land Parcel Size:.67 Acres
For Sale Price:For Sale Price/Acre:For Sale Price/SF:-

Proposed Use:Commercial

On-Site Improv:Asphalt paved lot

Sale Notes:
First Center Equity, Inc. (FCE) has been exclusively engaged to present a rare opportunity to acquire an approximately 29,533 sq. ft. of developable land in Koreatown Los Angeles located at 2881 W Olympic Boulevard, Los Angeles, 90006 (Property). Property is located on the northeast corner of high-visible and well-recognize intersection of Olympic Boulevard and Kenmore Avenue. Property is currently leased to a single-tenant. This is unique opportunity to own a developable land on a major street in heart of Koreatown Los Angeles.

Assessor Parcel Number
5078-004-010 (R4-1)
5078-004-011 (R4-1)
5078-004-012 (C2-1)
5078-004-013 (C2-1)

Total Land Size: 29,533 sq. ft.
Retail Building Size: 10,902 sq. ft.
Koreatown is one of the most vibrant sections in the City of Los Angeles. With unrivaled population density and proximity to Downtown Los Angeles & Hollywood, Koreatown is a true infill market that benefits from the myriad urban amenities that surround it.

Few-blocks distance to over thousand units of luxury apartment complexes renting between $2.50 to $3.00 per SF. For example, The View, The Vermont, Vermont Wilshire Station, Gardens at Wilshire, and K2.
Over 130,000 population in fewer than 1.5 mile radius.
Metro Renters, High-rise Renters and Trend-setters make up a strong population at core of Koreatown.

First Center Equity
Jason Kim
(213) 788-3575 x207

Steven Lee
(213) 788-3575

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