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    3633 E Olympic Blvd, Los Angeles, CA 90023 Los Angeles, CA 90023

    Sponsored
    For Lease
    $17 SF/Yr ($4,640 /Mo)

    Prime Los Angeles industrial space; 3,200 sq ft.

    Lot size:
    3,200 SF

    Description

    Added:
    Jan 13, 2025
    Days on Market:
    370
    This exceptional 3,200-square-foot free-standing industrial property is ideally situated on Olympic Boulevard in Los Angeles, CA 90023. Its convenient location offers quick and easy access to major freeways, including the 5, 10, 101, and 60, ensuring seamless transportation throughout the region. The building boasts 200 amp, 3-phase power, making it suitable for a variety of industrial and business uses. Its placement along a bus line provides convenient public transportation access for employees and clients. The property is described as business-friendly, reflecting its suitability for a range of commercial operations. The building's size and features make it an attractive option for businesses seeking a well-located, functional space in a thriving Los Angeles neighborhood. The annual rate is $17.4 per square foot. Further lease terms are available upon request. This is a rare opportunity to secure a prime industrial property in a highly desirable location. Inquire today to learn more about this exceptional offering.

    Property Features for 3633 E Olympic Blvd, Los Angeles, CA 90023

    General Information

    Property type
    Other industrial properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,200 SF
    Elevators
    N/A
    Total Rate
    4640

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Bill Joseph

    Learn more

    HighLights

    • 3,200 square feet of industrial space available in Los Angeles.
    • Conveniently located on Olympic Boulevard with excellent freeway access.
    • Features 200 Amp/3‑phase power and is a free‑standing building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rebirth Of Art LLC Print Shop

    Suggested Use

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

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

    Location Insight

    City
    Los Angeles
    State
    California

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    FAQs

    What type of property is this?
    Industrial property - Prime Los Angeles industrial space; 3,200 sq ft.
    Where is this industrial property located?
    The property is located at 3633 E Olympic Blvd, Los Angeles, CA 90023 Los Angeles, CA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 3,200 square feet of industrial space available in Los Angeles.; Conveniently located on Olympic Boulevard with excellent freeway access.; Features 200 Amp/3-phase power and is a free-standing building.
    (213) 421-1400
    Request Owner's contact information
    3633 E Olympic Blvd, Los Angeles, CA 90023 Los Angeles, CA 90023
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    Los Angeles, CA 90023
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3633 E Olympic Blvd, Los Angeles, CA 90023 Los Angeles, CA 90023
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    We can help!
    Listing Contact
    Bill Joseph
    (213) 421-1400
    Learn more
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