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$22,000,000

Est. payment - /mo

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19,437 SqFt

Active

2323 W Olympic Blvd Los Angeles, CA 90006

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 19,437 sqft

Price per Sqft $1,131

MLS Listing ID 25503117

Year Built 1962

Lot Size 1.654 Acres

Acres 1.6537

Property Description

Amazing opportunity to add value 2323 W. Olympic Blvd Los Angeles large as 1.653 AC / 72,003 SF land size, C2, C4, P1 zone. This land can offer redevelopment opportunity on prime W. Olympic Blvd connecting from K town onto Downtown area. Great mixed use Development Opportunity - This location may build for 350 Residential Units plus 60,000 SF Retail Spaces by Density Bonus w/TOC Tier 3 incentive. Currently, strong Single NNN Tenant (Northgate Market Los Angeles) with 5-year lease only, No option to renew after February 28, 2030 since March 01, 2010 as a starting point. It sure will attract high visibility with major traffic occurrence on Olympic Blvd, just 6-7 blocks from Crypto.com Arena in Downtown LA. A truly rare opportunity with tremendous development with a strong income portfolio to be added to your assets. Buyer and Buyer's agent to verify all information regarding the property to their full and complete satisfaction.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAC2

Exterior

Garage Spaces 122.0

Building

Story 1

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by WIN Realty & Properties

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