Multi-Use Industrial
For Sale
Contact for pricing
2429 E Olympic Blvd, Los Angeles, CA 90021
Industrial building with dock-high loading, fenced yard, and 18-car parking with potential for two clear-span units.
Property Size19,185 SF
Price / SF$260.36
Days on Market113
Property Features for 2429 E Olympic Blvd
General Information
Standard status
Active
Size
19,185 SF
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Downtown
Listing Agency:
Dorin Realty Company
Listed By:
Mark Whitman · License #00918875
(213) 627-0007
Source:
Moodyscre
Added: Jul 8
Changed: Oct 25
Last Checked: Oct 26 at 6:26PM
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 Dorin Realty Company
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Investment Insights
Based on property information with market context.
This multi-purpose industrial building offers dock-high loading with three positions, an 18-car fenced parking yard, and 18’ clear height. The space is divisible into two clear-span units (7,360 SF and 11,825 SF) with separations already in place, providing flexibility for different end users or tenants.
Additional access is available via rear loading doors. The property is described as having excellent sign exposure and is located just outside the Arts District, with one door from the intersection of Olympic Blvd and Santa Fe Ave and one block from ramps to the 10, 5, and 60 freeways.
The building’s configuration supports clear internal use within each unit, complemented by multiple loading points and yard/parking capacity for operations that require staging and truck access.
Additional access is available via rear loading doors. The property is described as having excellent sign exposure and is located just outside the Arts District, with one door from the intersection of Olympic Blvd and Santa Fe Ave and one block from ramps to the 10, 5, and 60 freeways.
The building’s configuration supports clear internal use within each unit, complemented by multiple loading points and yard/parking capacity for operations that require staging and truck access.
Key Highlights
- Dock‑high loading with 3 positions and 18' clear height
- Divisible into 2 clear‑span units: 7,360 SF and 11,825 SF, with separations in place
- Fenced yard plus 18‑car parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$289,398
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,787,960
$5.8M
Cap Rate 7%
$4,134,257
$4.1M
Cap Rate 9%
$3,215,533
$3.2M
Market Conditions
NOI Build-Up for 19,185 SF
Gross rent
$363.7K $18.96/SF
− Vacancy
−$23.3K −$1.21/SF
EGI
$340.5K $17.75/SF
− OpEx
−$51.1K −$2.66/SF
NOI
$289.4K $15.08/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,787,960
Cap Rate 7%
$4,134,257
Cap Rate 9%
$3,215,533
Alternative Uses
Best Use
Warehouse
$4.13M
$3.62M – $4.82M
NOI $289,398 @ 7.0% cap · market cap 5.79%
Second Best
Industrial
$3.40M
$2.98M – $3.97M
NOI $238,327 @ 7.0% cap · market cap 4.77%
Theoretical Best
Multifamily LT 5
$388.68M
$340.09M – $453.46M
NOI $27,207,361 @ 7.0% cap · market cap 544.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,160
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 90021, CA
5,192
Population
1,694
Households
3.1
Avg Household Size
46
Median Age
20%
College-Educated
64%
High-School Grad
2.0 sq mi
ZIP Area
2,596
Density / Sq Mi
$32,250
Median Household Income
$35,528
Median Earnings
$984
Median Rent
$1,075,800
Median Home Value
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Market
Vacancy Rate% for Industrial in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial building with dock-high loading, fenced yard, and 18-car parking with potential for two clear-span units.
Where is this flex space located?
The property is located at 2429 E Olympic Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Dock‑high loading with 3 positions and 18' clear height; Divisible into 2 clear‑span units: 7,360 SF and 11,825 SF, with separations in place; Fenced yard plus 18‑car parking
