2323 Olympic Boulevard, Los Angeles

$22,000,000

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1.65

Acres

About 2323 Olympic Boulevard

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.

Features of 2323 Olympic Boulevard

MLS® # 25503117
Price $22,000,000
Bathrooms 0.00
Acres 1.65
Year Built 1962
Type Commercial Sale
Status Active

Community Information

Address 2323 Olympic Boulevard
Area C42 - Downtown L.A.
City Los Angeles
County Los Angeles
Zip Code 90006

Amenities

Parking Spaces 122
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 1

Additional Information

Date Listed February 26th, 2025
Days on Market 251
Zoning LAC2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentThomas K Lee
OfficeWIN Realty & Properties

Listing Map

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