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    5016 E Olympic Blvd Los Angeles, CA 90022

    For Sale
    $699,000

    Retail property with three spaces in East Los Angeles.

    Lot size:
    0.07 Acres

    Property Features for 5016 E Olympic Blvd

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1951

    Source: Big Block Powerhouse Realty Agent Blanca Dominguez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Los Angeles Retail Opportunity

    Located in East Los Angeles, this retail property presents a business opportunity. The building is divided into three spaces. Two of the spaces are currently rented. The third space is occupied by the owner. This property may be suitable for starting a new business.
    Insight Report Location Intelligence

    Current Use by Public Records

    L.G. Clothing Inc Clothing Store

    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.

    Similar Places Nearby

    Natures Perfections Flowers & Gifts, George's Flowers, Alisol Flowers & Seasonal Shop, Floreria Karen

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.1623866
    Latitude
    34.0169124

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    FAQs

    What type of property is this?
    Storefront property - Retail property with three spaces in East Los Angeles.
    Where is this storefront property located?
    The property is located at 5016 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: - Income-generating property with existing rental income from two spaces.; - Opportunity to start your own business in the third space.; - Located in the East Los Angeles area.
    (213) 321-6604
    Request Owner's contact information
    5016 E Olympic Blvd Los Angeles, CA 90022
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    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
    5016 E Olympic Blvd Los Angeles, CA 90022
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