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Property profile & analytics
OFF-MARKET
Estimated value
$5,020,000
Manufacturing properties
2300 Olympic Blvd Los Angeles, CA 90021-2508
Individually Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8188183
Property summary
AI-generated overview
The Olympic-Hoover Center, a two-story, 21,653 square foot Class C building at 2300 W Olympic Blvd in Los Angeles, CA 90006, offers exceptional office space opportunities. Built in 1962 and renovated in 2009, this property boasts a highly visible location on Olympic Boulevard, just one block east of Hoover Street and conveniently situated one mile from Downtown Los Angeles. The building features multiple tenancies with spaces ranging from a minimum of 204 square feet to a maximum contiguous space of 1,710 square feet
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Construction
TILT-UP CONCRETE
Total area
9,240 SF
Lot
1.81 ac (79,027 SF)
Zoning code
LAM3
APN
5167-009-008
UPID
US09-8188183
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Technical School Inc Vocational School Training Center
-
Los Angeles Mortuary(엘에이장의사) Social Service Agency
-
eCRI. Total Construction Construction Company General Contractor
-
Rivas & Associates Financial Advisor
-
HYPP, INC. Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.02M
Owner & transaction history
Rian D Lidschin · 15 yrs held
Rian D Lidschin
since 2010
3 recorded transactions
Zoning & alternative use
LAM3 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.9M
+58.9%
Warehouse, storage
$2.8M
+15.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,465,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,915,000
Change: +59% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,835,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$5.02M
Range $4.52M – $5.52M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$543 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$80,455
Tax year 2024
Assessed value
$6,280,277
Assessed 2024
Previous assessed
$6,280,277
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$5,024,224
Assessed improvement
$1,256,053
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
9,240 SF
Lot
1.81 ac (79,027 SF)
Zoning code
LAM3
APN
5167-009-008
UPID
US09-8188183
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM3 · Los Angeles, CAZoning LAM3 · permitted uses
LAM3 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.81 ac
Current owner
From public records · entity-resolved
Rian D Lidschin
Individual
Free & Clear · 15 yrs held
Mailing address
2675 MORGANTOWN RD, READING, PA 19607-9676
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2010
—
Rian D Lidschin
Lidschin,phyllis
Quit Claim Deed
related
—
Dec 15, 2010
$5,000,000
Penske Truck Leasing Co LP
Lidschin,rian D
Grant Deed
—
Jan 20, 1969
$68,000
Rian D Lidschin
—
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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