3386 E Olympic Blvd, Los Angeles, CA 90023

Property Description

$350K Price Reduction!!! Submit Offers!
 
 Located in a Qualified Opportunity Zone. The portfolio of properties located at 3364-3386 E. Olympic Blvd in Los Angeles consists of five separate parcels of property with four buildings and a parking lot. The properties total approximately 20K square feet situated on approximately 24,939 square feet of land. All tenants are month to month and can be vacated at close of escrow. The property has 2 dock high doors and 3 grade level loading doors, bow-truss ceilings and sprinklers. The properties are located along highly trafficked Olympic Blvd minutes from downtown Los Angeles and close access to the 5, 60, 710, 10 and 101 freeways.
 
 The zoning is M2-1-CUGU which is a light industrial zone allowing a variety of business uses including R&D, retail, wholesale, light industrial and manufacturing, assembly and fabrication, etc. These properties are located in the Adelante Eastside Redevelopment Area- please contact the LA Community Redevelopment Agency for more information. The properties are also part of the State Enterprise Zone. This provides employment and economic incentives to businesses to stimulate local investment and employment. This also allows the properties to enjoy lower parking ratio requirements as well as special height district allowing for increased development. The CUGU overlay designates the properties in a “Clean Up Green Up” district.