4151 E Olympic Blvd - Service FOR SALE


Los Angeles, CA 90023- East Los Angeles
$1,450,000 USD
818-970-0915
4151 E Olympic Blvd, Los Angeles, CA for Sale
$1,450,000 USD
Service - FOR SALE
1/23
null | 6.72% Cap Rate

NEW


4151 E Olympic Blvd
Los Angeles, CA 90023
East Los Angeles


HIGHLIGHTS

  • Multi-tenant industrial property with a mix of automotive and residential uses
  • Features roll-up doors, automotive bays, and flexible warehouse/service space
  • One Unit will be delivered vacant, which will allow a new owner to utilize the bay for their business or set the market rent.
  • Currently leased to four automotive operators and one residential tenant
  • Strong visibility and access to major freeways, minutes from Downtown LA

OVERVIEW

1162 S. Gage Avenue and 4141-4151 E. Olympic Boulevard comprise two contiguous parcels improved with four one-story mixed-use buildings, including a single-family residence and commercial structures occupied by automotive-related businesses. Together, the properties total approximately 5,014 square feet of building area (title) on a 14,057-square-foot lot. Positioned along Olympic Boulevard, a major thoroughfare situated between signalized intersections, the property offers excellent visibility, prominent street frontage, and convenient ingress/egress. The high-traffic location supports strong customer access and enhances the long-term value of the site. Zoned LCM1 (Light Industrial), the properties are located in unincorporated Los Angeles County, providing flexibility for a range of industrial and commercial uses. This offering represents an excellent opportunity for investors to reposition the property with a new tenant base and capture higher market rents on an NNN basis, or for an owner/user to expand an existing automotive business. 1162 S Gage Ave is a mixed-use property currently functioning as a two-bedroom, one-bath residence, along with three commercial units offering automobile-related services. The building, constructed in 1922, encompasses 2,328 square feet and sits on a 6,720-square-foot lot, zone LCM1. 4141-4151 E Olympic Blvd is a commercial property with two units totaling 2,886 SF on a 7,333 SF lot. This section of the property has approximately 67 feet of frontage along E. Olympic Blvd., making it ideal for business signage and increased exposure. With a daily traffic count of over 24,000 cars, there is significant visibility that can attract customers to these businesses.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$806 USD /SF

CAP RATE

6.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Autobody & Office Opportunity

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Auto Repair, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

1

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.32

LAND SF

14,057

ZONING

LCM1*

APN/PARCEL ID

5242-001-007,5242-001-008

ASK ABOUT THIS PROPERTY

David WeinbergerSeymour | Weinberger GroupMore Info
818-970-0915

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David WeinbergerSeymour | Weinberger GroupMore Info
818-970-0915

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