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3821 E Olympic Blvd

Los Angeles, CA 90023
  • $1,938,888
  • STATUS: Active
  • ON SITE: 110 Days
  • ID#: 22-190375
UPDATED: 59 min ago
$1,938,888
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Great development opportunity! Marcus & Millichap has been selected to exclusively represent for sale the property at 3821 E Olympic Boulevard. This is a 13,364 square foot piece of land at the signalized corner of Olympic Boulevard and Indiana Street in Boyle Heights. The subject property is owner-user currently operating as a Smog Check, Used Car Sales, Auto Registration, and Auto Repair business. The building consists of a 1,169 square feet commercial building. A portion of the building is rented as Auto repair on a month-to-month lease. The 13,364 square foot land can be repurposed into a multi-family redevelopment project with a potential for 12 units with the CA density bonus (SB 35). Priced at $145 per Sq Ft, this land is an excellent opportunity to invest in one of the best 5 neighborhoods in Los Angeles for rental properties. **Buyer/Buyer's agent to verify with the city with regards of zoning, current, and future use of the property.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-06T14:43:13.22. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/132233145
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3821 E Olympic Blvd Los Angeles, CA 90023

  • Price: $1,938,888
  • Status: Active
  • On Site: 110 Days
  • Updated: 59 min ago
  • ID#: 22-190375
0
Beds
0
Baths
0
½ Baths
0.31
Acres
Neighborhood:
Boyle Heights
County:
Los Angeles
Area:
Boyle Heights
Property Description
Great development opportunity! Marcus & Millichap has been selected to exclusively represent for sale the property at 3821 E Olympic Boulevard. This is a 13,364 square foot piece of land at the signalized corner of Olympic Boulevard and Indiana Street in Boyle Heights. The subject property is owner-user currently operating as a Smog Check, Used Car Sales, Auto Registration, and Auto Repair business. The building consists of a 1,169 square feet commercial building. A portion of the building is rented as Auto repair on a month-to-month lease. The 13,364 square foot land can be repurposed into a multi-family redevelopment project with a potential for 12 units with the CA density bonus (SB 35). Priced at $145 per Sq Ft, this land is an excellent opportunity to invest in one of the best 5 neighborhoods in Los Angeles for rental properties. **Buyer/Buyer's agent to verify with the city with regards of zoning, current, and future use of the property.
Exterior Features

Lot Size Area 13364 View Description City Lights View YN Yes

Property Features

Cable YN Yes Sale Type Standard Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Zoning Lar2

Listing provided courtesy of Nora Hoyos DRE# of Marcus & Millichap: 818-212-2700.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-06T14:43:13.22. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064