Development Land with Grocery
For Sale
Contact for pricing
Pending
2323 W Olympic Blvd, Los Angeles, CA 90006
1.65-acre lot with an operating retail grocery market and zoning allowing by-right development for residential and retail.
Property SizeContact for details
Days on Market151
Property Features for 2323 W Olympic Blvd
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
WIN Realty & Properties
Listed By:
Connie Kim · License #01354494
Source:
Crexi
Added: Apr 12
Changed: Sep 9
Last Checked: Apr 12 at 5:48PM
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 WIN Realty & Properties
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,186
Businesses Nearby
Explore this area
Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
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Frequently Asked Questions
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
