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2832 Olympic Blvd Los Angeles, CA 90023-3412

OFF-MARKET Manufacturing properties Google Maps
4,141 SF 0.13 ac lot Built 1947
Entity Owned 62-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$220k
Range $198k – $242k (±10%)
Property ID US09-7522980

Property summary

AI-generated overview

This exceptional 4,141 square foot industrial warehouse, located in the heart of Los Angeles' Central Business District (CBD), presents a unique leasing opportunity. Built in 1947, the property boasts a single tenancy and is currently entirely vacant, offering immediate occupancy. The warehouse features a substantial 14-foot ceiling height, providing ample vertical space for storage or operational needs. Convenient loading and unloading is facilitated by a single loading dock. The property's prime location in Los Angeles County, within the vibrant CBD submarket, offers unparalleled access to major transportation arteries, ensuring efficient logistics and distribution. This is an ideal space for businesses seeking a well-maintained, centrally located warehouse in a thriving commercial area. The address is 2832 E Olympic Blvd, Los Angeles, CA 90023. The property is classified as both a warehouse and distribution facility, making it suitable for a variety of industrial uses. With its strategic location and functional layout, this warehouse represents a compelling investment for businesses seeking a strong foothold in the Los Angeles market. The property's size and features make it suitable for a range of industrial operations. The building's age is reflected in its character, offering a unique blend of history and functionality. Interested parties are encouraged to inquire further to explore the possibilities this property offers.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1947
Total area 4,141 SF
Lot 0.13 ac (5,785 SF)
Zoning code LAM1
APN 5170-026-020
UPID US09-7522980

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

2 recorded transactions
1969
Price N/A
1962
Price N/A

Zoning & alternative use

LAM1 · Los Angeles, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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