4601 Olympic BlvdEast Los Angeles, CA 90022

This exceptional mixed-use investment opportunity encompasses two parcels at 4601 and 4611 E. Olympic Blvd, East Los Angeles, CA 90022. The combined 8,858 square foot property features five buildings on a single story, totaling seven units with three retail pads. Currently boasting 100% occupancy (as of March 23, 2023) with month-to-month leases, this value-add redevelopment opportunity presents a strong net lease cash flow of $90,263, resulting in a 5.01% cap rate. The asking price is $1,799,900 ($203.19/sq ft and $257,128.57/unit). The property includes three retail units and an open-air lot at 4601 E. Olympic Blvd, generating additional income from a billboard. 4611 E. Olympic Blvd features two 2-bedroom, 1-bathroom residential units and a bakery. Both properties benefit from high visibility on a high-traffic street, excellent freeway access (710/60), and proximity to Downtown Los Angeles. The permitted zoning is LCM1. This is a 1031 exchange eligible property. The combined APN is 5246007038/5246007036. Built in 1922, this property offers significant potential for future development and increased revenue.