510 E Olympic Blvd - Storefront Retail/Office FOR SALE


Los Angeles, CA 90015- Fashion District
$5,950,000 USD
213-623-0800
510 E Olympic Blvd, Los Angeles, CA for Sale
$5,950,000 USD
Storefront Retail/Office - FOR SALE
1/30
null | 2.23% Cap Rate

510 E Olympic Blvd
Los Angeles, CA 90015
Fashion District


HIGHLIGHTS

  • This versatile collection of modern retail suites with 60 parking stalls offers an ideal option for owner/user occupancy or a value-add investment.
  • Desirable features include street-level showrooms with mezzanine, onsite parking, gated alleyways, full glass storefronts, and signage opportunities.
  • Prime location places businesses within minutes of Downtown LA, the Fashion District, the Arts District, and the Entertainment District.
  • This high-traffic corner is visible to over 14,000 VPD and easily accessible by major area Freeways, including the 10, 5, 101, and 110.
  • Positioned just one block from the future City Market development project.

OVERVIEW

510 East Olympic Boulevard is a 19,500-square-foot retail property in Los Angeles, CA. Known as 1000 Wall, it is a one-story building ideally located on the Northwest corner of Olympic Boulevard and Wall Street. The property includes three garment-related tenants. The remaining units are vacant. With a current vacancy rate of 44.4%, the building offers an excellent opportunity for an owner/user to combine units or lease up the vacant units to garment-related tenants. The units facing Wall Street include building signage, private office space, high ceilings, and high window street views with front metal roll-up gates. The property offers excellent corner visibility along Olympic Boulevard and Wall Street. 510 E Olympic Boulevard offers an on-site rooftop parking. There is nearby access to the 10 Freeway (right off the San Pedro Avenue exit), easily connecting to the 5, 101, and 110 Freeways. 510 E Olympic Boulevard is just minutes from Downtown Los Angeles, the Financial District, the LA Live Sports and Entertainment District, the Arts District, and Santee Alley. The location is near many major thoroughfares throughout the metro, catering to the significant consumer spending and demand.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$305 USD /SF

CAP RATE

2.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LA Fashion District Retail with Parking

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,252 SF

ZONING

LAM2

APN/PARCEL ID

5145-019-009,5145-019-026

ASK ABOUT THIS PROPERTY

Matthew C. SullivanLee & AssociatesMore Info
213-623-0800

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Matthew C. SullivanLee & AssociatesMore Info
213-623-0800

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