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.
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 office (323) 593-6999
Listing date Mar 3, 2026
Source Xome
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Investment Insights
Based on property information with market context.
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.
Key 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
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 |
