Development Land with Grocery
2323 W Olympic Blvd Los Angeles, CA 90006
2323 W Olympic Blvd, Los Angeles, CA, 90006
Contact for pricing
For Sale
Contact for pricing
Pending
1.65-acre lot with an operating retail grocery market and zoning allowing by-right development for residential and retail.
Days on Market103
Property Features for 2323 W Olympic Blvd
General Information
- Standard status
- Pending
- Property subtype
- Land, Mixed Use, Multifamily, Retail
Listing agency
Steven Betzold
Listed by
Steven Betzold · License #CA 1972481
Source
Crexi
Added: Apr 12 Updated: Jul 22 at 8:30PM Checked: Jul 22 at 8:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Steven Betzold
Investment Insights
Based on property information with market context.
This 1.65-acre development site includes a 72,014-square-foot lot currently improved with a 19,437-square-foot retail grocery market. The property is presented as a Northgate Market development opportunity, supported by on-site zoning in C4, C2, and P1, which provides for by-right development for 220 residential units along with a large retail component.
The current tenant, Northgate Market, is a regional retail grocer operating at the location for more than 11 years. The tenant remains on a NNN lease with 3–13 years remaining, and there is no option to renew.
The site is described as well positioned near Loyola Law School and close to major Los Angeles destinations including LA Live, Nokia & Staples Center, and the Los Angeles Convention Center. Access is noted as strong with proximity to the 10 and 110 Freeways, and the property is also located near the Metro Purple & Red Line at Westlake/MacArthur Park.
The current tenant, Northgate Market, is a regional retail grocer operating at the location for more than 11 years. The tenant remains on a NNN lease with 3–13 years remaining, and there is no option to renew.
The site is described as well positioned near Loyola Law School and close to major Los Angeles destinations including LA Live, Nokia & Staples Center, and the Los Angeles Convention Center. Access is noted as strong with proximity to the 10 and 110 Freeways, and the property is also located near the Metro Purple & Red Line at Westlake/MacArthur Park.
Key Highlights
- 1.65‑acre (72,014 SF) lot with an operating 19,437 SF retail grocery market (Northgate Market)
- C4, C2, and P1 zoning supports future by‑right development for 220 residential units plus a large retail component
- Northgate Market has 3–13 years remaining on an NNN lease with no option to renew
Property Analytics
Location Intelligence
Current Use by Public Records
Northgate Market
Grocery & Convenience Store
Primo Water Refill
Big Box & Wholesale Store
The Olympic
Recording Studio
Rodeo Mexican Grill
Restaurant
Coinstar Kiosk | Bitcoin ...
Kiosk
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FAQs
What type of property is this?
Commercial land - 1.65-acre lot with an operating retail grocery market and zoning allowing by-right development for residential and retail.
Where is this commercial land located?
The property is located at 2323 W Olympic Blvd Los Angeles, CA.
What are key features of this property?
This property features: 1.65‑acre (72,014 SF) lot with an operating 19,437 SF retail grocery market (Northgate Market); C4, C2, and P1 zoning supports future by‑right development for 220 residential units plus a large retail component; Northgate Market has 3–13 years remaining on an NNN lease with no option to renew
