5016 E Olympic Blvd - Storefront FOR SALE


Los Angeles, CA 90022
$750,000 USD
323-377-4067
5016 E Olympic Blvd, Los Angeles, CA for Sale
$750,000 USD
Storefront - FOR SALE
1/4
null | Request Cap Rate

NEW


5016 E Olympic Blvd
Los Angeles, CA 90022


HIGHLIGHTS

  • Heavy Day time Traffic
  • On-site parking at rear, accessed via alley
  • On-site parking at rear, accessed via alley

OVERVIEW

Three Suites. One Building. Built for Vision. A rare freestanding ±2,248 SF storefront on a high-visibility stretch of East Olympic Blvd — three flexible suites, 50 feet of frontage, and 26,000+ vehicles passing daily. This is the kind of building that doesn't come available often: vacant or income-producing on your terms, zoned for nearly any commercial or creative use, with on-site parking and the bones to become whatever you need it to be. Built for the Creative Owner-User If you're an artist, photographer, designer, ceramicist, or creative business priced out of the Arts District or Boyle Heights — this is your move. Raw masonry walls, 12-foot ceilings, and a freestanding footprint give you the kind of working studio space that landlords charge a premium for. Build out a gallery up front, a studio in the back, or take all three suites and create a true live-work creative compound. Stop renting your dream and start owning it. Built for the Owner-User Business Run your operation out of one suite, lease the other two, and let your tenants help cover the mortgage. LCM1 zoning supports retail, service, office, and a wide range of commercial uses — flexibility that's hard to come by on this corridor. Built for the Investor Three rentable suites with the option to deliver fully vacant or with two long-term tenants in place — both renting well below market. CoStar pegs submarket retail rents at $25–$30/SF, leaving substantial mark-to-market upside on rollover. Pair the in-place income with a vacant suite to lease at market and you've got a true value-add play with day-one cash flow.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$334 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

undefined, Freestanding, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,828 SF

ZONING

LCM1*

APN/PARCEL ID

5245-016-010

ASK ABOUT THIS PROPERTY

Bobby RodriguezCompass CommercialMore Info
323-377-4067

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Bobby RodriguezCompass CommercialMore Info
323-377-4067

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