5016 Olympic Boulevard, Los Angeles, CA 90022
Single-story masonry building with flexible suites, high visibility, and rear-alley parking for creative and service-oriented uses.
- Added:
- Mar 22, 2026
- Days on Market:
- 85
- Last Refresh:
- Jun 14 at 1:51 am
Property Features for 5016 Olympic Boulevard
General Information
- Standard status
- Active
- Size
- 2,250 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1951
Listing agent Compass
Listing office (323) 593-6999
Listing date Mar 22, 2026
Source Xome
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 Compass
HighLights
- 2,248 SF freestanding, single‑story masonry commercial building built in 1951
- High‑visibility Olympic Blvd location with 50' frontage and 26,000+ cars daily
- LCM1* zoning supports retail, office, service, and creative uses
- 3 flexible suites and 12' ceilings
- 25x115 lot dimensions with on‑site parking off the rear alley (2 parking spaces)
- Property can be delivered fully vacant or with long‑term tenants in place
Overview
Positioned on high-visibility Olympic Blvd, the building has approximately 50' of frontage and is advertised at 26,000+ cars per day. The site is set up for convenient access, with the remarks noting proximity to DTLA, the Arts District, and Boyle Heights, along with easy access via 5/60/710.
Zoning listed as LCM1 supports retail, office, service, and creative uses, making the property a practical fit for an owner-operator looking to occupy one suite and lease the remainder, or for a user seeking to operate across the full building. The property may be delivered fully vacant or with two long-term tenants in place, providing an option for either an immediate occupancy plan or a future repositioning approach tailored to the next operator’s concept.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.6k | $41.16 |
| − Vacancy | −$15.7k | −$6.96 |
| EGI | $77.0k | $34.20 |
| − OpEx | −$19.2k | −$8.55 |
| NOI | $57.7k | $25.65 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.1623866
- Latitude
- 34.0169124
