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3404 E Olympic Blvd, Los Angeles, CA 90023
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3404 E Olympic Blvd Los Angeles, CA 90023

$1,250,000
  • -- Beds
  • -- Baths
  • 760 Sq.Ft.
For Sale
$1,250,000 Get Pre-Qualified
Map preview of 3404 E Olympic Blvd, Los Angeles, CA 90023

Property Overview: 3404 E Olympic Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 760 living square feet and 3,181 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This is a rare and fantastic opportunity to own a corner industrial property with office and outdoor work area, all located within the Federal Opportunity Zone! It is a perfect property for an owner-user but it can be developed into anything your dream of! The property is in a prime location just blocks from the 5, 710, 60, and 110 freeways, situated on highly trafficked Olympic Blvd, offering excellent visibility. Zoned LA City M2-1-CUGU, the property allows for various light industrial uses, making it ideal for industrial or commercial businesses. The property is currently occupied by the seller, but it can be rented out providing potential for rent income. The industrial building includes an office, outdoor work area, automatic gate and security door. Located within both the State Enterprise and Federal Opportunity Zones, this property offers significant development incentives, special height limits, and reduced parking requirements.

Listed by K.P. Chung | BRE #02017594 | MC Funding, Inc
Last checked: 15 minutes ago | Last updated: September 1st, 2024 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
3,181
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Industrial
Status
Active
MLS#
OC24170684
City
Los Angeles
County
Los Angeles
Time on Site
29 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 3404 E Olympic Blvd

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Property Details for 3404 E Olympic Blvd

Interior Features
Heating Information
  • No Heating
  • None
Laundry Information
  • None
Interior Features
  • Security Features: Automatic Gate
Exterior Features
Exterior Information
  • Roof: Asphalt, Shingle
  • Has Fence
  • Good Condition, Wrought Iron
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot, Rectangular Lot, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 5190035001
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: (From Downtown) Travel east on E Olympic Blvd, turn right on Velasco Street.
View more facts & features

Local Los Angeles Agent

Sale History for 3404 E Olympic Blvd

Last sold for $390,000 on May 14th, 2019

  • September, 2024

  • Sep 1, 2024

    Date

    Active

    CRMLS: OC24170684

    $1,250,000

    Price

  • May, 2019

  • May 14, 2019

    Date

    Sold (Public Records)

    Public Records

    $390,000

    Price

  • July, 2003

  • Jul 31, 2003

    Date

    Sold (Public Records)

    Public Records

    $120,000

    Price

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Tax History for 3404 E Olympic Blvd

Assessed Value (2020): $397,800
Year Land Value Improved Value Assessed Value
2020 $183,600 $214,200 $397,800

Home Value Compared to the Market

This property vs the competition

3404 E Olympic Blvd is listed 4.17% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $1644.74 per/sqft which puts the price per square foot 114.16% higher than the median price per square foot for the city of Los Angeles.

About 3404 E Olympic Blvd

Detailed summary of property

3404 E Olympic Blvd is a industrial located in Los Angeles, CA 90023 and is currently for sale. This industrial property offers -- bedrooms, -- bathrooms, roughly 760 living square feet, and sits on an approximately 3,181 square foot lot. 3404 E Olympic Blvd was first listed on ArdentRealEstateGroup.com on August 21, 2024. The homeowner is currently asking $1,250,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 4.17% higher than the median priced home. Local competing homes currently for sale include 8185 Westminster Blvd, 12817 S Broadway and 845 E Edna Place #845. While the average home in Los Angeles, CA is selling in 106 days, 3404 E Olympic Blvd has a days on market of 16 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 3404 E Olympic Blvd Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3404 E Olympic Blvd

Public county record property details
Beds
--
Baths
--
Year built
1954
Sq. Ft.
760
Lot Size
3,181
Stories
1
Type
Manufacturing (Light)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5190-035-001

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$624
Median Sold Price
$692,500
Median Sold Price/Sq.Ft.
$604
Total Inventory
18
Median Sale to List Price %
106.55%
Avg Days on Market
32
Loan Type
Conventional (0%), FHA (25%), VA (0%), Cash (0%), Other (50%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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