Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    4211 E Olympic Blvd Los Angeles, CA 90023

    Pending
    For Sale
    $699,000

    Commercial Sale - Los Angeles, CA

    Property size:
    3,039 SF
    Days on Market:
    56
    Last Refresh:
    Dec 15 at 7:06 am

    Property Features for 4211 E Olympic Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    5241003018
    Size
    3,039 SF

    Building Details

    Year built
    1922
    Architectural style
    Other

    Rodeo Realty (310) 471-2600 [email protected]

    Listing agent Susan Bernstein (818) 761-7222 License #01068367

    Listing date Oct 21, 2025

    MLS# SR25232578 Listing URL

    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Los Angeles Commercial Opportunity

    This commercial property, located in Los Angeles, CA, presents an excellent development or investment opportunity on a 13,518 sq ft lot zoned LCM1. The property currently houses a functioning grocery store and a butcher shop, which is sublet by the grocery tenant. The existing grocery store lease expired in 2022, and prospective buyers are advised to review all lease agreements and terms. The 3,039 sq ft property is being sold AS IS with an existing tenant and code violation. The LCM1 zoning and lot size offer flexibility for redevelopment, retail expansion, or other commercial/industrial uses. This property is located in a high-traffic area and is suitable for buyers with redevelopment visions or those looking for an income-producing asset.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sal's Produce Market Produce Market Los Primos Burgers Hamburger Restaurant La Potosina Meats Butcher Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.1833819
    Latitude
    34.0191055

    Nearby Similar for Sale

    • $3,099,999
      6,845 SF

      New Construction Fourplex in Mid-City

      Fully leased, high-end fourplex in a desirable Los Angeles location.
      1638 Longwood Ave, Los Angeles, CA 90019
      View Details
    • $1,779,000
      5,218 SF

      New Triplex in Central Los Angeles

      Contemporary triplex near freeways, stadiums, and arenas.
      232 E Gage Ave, Los Angeles, CA 90003
      View Details
    • $1,700,000
      4,631 SF

      Renovated Multifamily Investment Opportunity

      Fully leased, renovated multifamily property in East LA with high cap rate.
      930 Fraser Ave, Los Angeles, CA 90022
      View Details
    • $2,799,000
      7,961 SF

      New Los Angeles Quadruplex Opportunity

      Modern 4-unit property near Downtown Los Angeles with excellent income.
      300 E 25Th St, Los Angeles, CA 90011
      View Details
    • New
      $1,250,000
      1,832 SF

      Charming Spanish-Style Duplex in Los Angeles

      Beautifully preserved duplex with indoor-outdoor living in Glassell Park.
      4526 Verdugo Rd, Los Angeles, CA 90065
      View Details
    • New
      $1,899,000
      3,896 SF

      Remodeled Fourplex in Hollywood Submarket

      Renovated fourplex near LACC, fully leased with stable income.
      801 N Alexandria Ave, Los Angeles, CA 90029
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Grocery store and butcher shop on a 13,518 sq ft lot.
    Where is this grocery and convenience store located?
    The property is located at 4211 E Olympic Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Large 13,518 sq ft lot zoned LCM1 offering excellent development/investment potential.; - Strategic location in a high-traffic area with substantial upside potential.; - Versatile property suitable for redevelopment, retail expansion, or other commercial/industrial uses.
    (818) 761-7222
    Request Owner's contact information
    4211 E Olympic Blvd Los Angeles, CA 90023
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4211 E Olympic Blvd
    Los Angeles, CA 90023
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4211 E Olympic Blvd Los Angeles, CA 90023
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.