3031 W Olympic Blvd - Freestanding FOR SALE


Los Angeles, CA 90006- Koreatown
$2,400,000 USD
213-210-4500
3031 W Olympic Blvd, Los Angeles, CA for Sale
$2,400,000 USD
Freestanding - FOR SALE
1/15
null | Request Cap Rate

3031 W Olympic Blvd
Los Angeles, CA 90006
Koreatown


OVERVIEW

Prime Retail Commercial Property for Sale in the Heart of Koreatown – Olympic Blvd, Los Angeles Asking Price: $2,400,000 Building Size: 4,324 sq.ft. Prime Retail Commercial Property for Sale in the Heart of Koreatown – Olympic Blvd, Los Angeles Located in the bustling core of Koreatown on iconic Olympic Boulevard, this exceptional commercial retail property offers unmatched visibility, steady foot traffic, and incredible growth potential. Spanning approximately 4,324 SF the space features large street-facing windows, high ceilings, and a flexible open floor plan—perfect for a variety of retail, food & beverage, or service-oriented businesses. Ideal for both Owner-Users and Investors Situated in the vibrant core of Koreatown, this secure, standalone warehouse property offers a rare opportunity to acquire a value-add asset in a highly desirable location. Priced below market, the property presents significant upside potential through strategic long-term leasing, repositioning, or future expansion. The front unit is currently leased with 3 years remaining on the lease term, generating monthly rental income of $3,500, providing immediate cash flow for investors. Also, Excellent Opportunity Zone in Highly Coveted Location of Koreatown. Olympic and Normandie. New Developments are sprawling with thousands of new apartment and condo units in the area right now. Plans to build 14 units, (1) Studio, (4) 1+1 and (9) 2+2. Take advantage of TOC Tier 3, Density bonus 70%. C2-1 Zoning. Profitable income producing Development Opportunity. 7 Automobile Parking spaces and 16 Bike spaces. Wilshire/Normandie Transit/Subway Station (Purple Line). Walk score 93. project .

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$555 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

LAC2-1

APN/PARCEL ID

5080-032-009

ASK ABOUT THIS PROPERTY

Tiffany HwangRedpoint RealtyMore Info
213-210-4500

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Tiffany HwangRedpoint RealtyMore Info
213-210-4500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.