3821 E Olympic Blvd Los Angeles, CA 90023

$--

-- Beds
-- Baths
1,169 Sq.Ft.

Off Market

Map preview of 3821 E Olympic Blvd, Los Angeles, CA 90023

Property Overview: 3821 E Olympic Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 1,169 living square feet and 13,363 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

3821 E Olympic Blvd is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,209,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $241,800 for the down payment and will need roughly $24,180 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 3821 E Olympic Blvd

Last sold on June 14th, 2002

July, 2023
Jul 7, 2023

Date

Expired

CRMLS: 22184635

$1,938,888

Price
Aug 5, 2022

Date

Active

CRMLS: 22184635

$1,938,888

Price
Listing provided courtesy of CRMLS

A unique Signalized corner of Olympic Boulevard and Indiana Street. Ideally located in an Opportunity Zone and State Enterprise Zone. Consisting of 13,365 square feet of land located on the North Signalized corner of Olympic Boulevard and Indiana Street. The subject property benefits from direct freeways access. Ideally located 0.08 miles from the Interstate 5 Santa Ana Freeway. The subject property is owner-user currently operating as a Smog Check, Used Car Sales, Auto Registration, and Auto Repair business. The building consists of a 1,169 square feet commercial building. A portion of the building is rented as Auto repair on a month-to-month lease. Excellent visibility and frontage on one of the best signalized corners in Boyle Heights. This corner benefits from a daily traffic count of 25,000 on Olympic Boulevard and 16,000 on Indiana Street. Excellent ingress and egress from both streets and an alley along the west side of the lot. In addition to the strong daily traffic counts, there is strong foot traffic with a walking score of 83. The area presents an excellent redevelopment or repurpose opportunity for affordable housing. This lot is adjoining a commercial zoned property (amended density zoning regulations apply) meaning the RD1.5 minimum area per dwelling unit applies. The current zone is LAR2-1-CUGU. * Amended by Ord. No. 185,462, Eff. 4/18/18 Through the utilization of the density (adjoining a C2 lot) you can build 9 units by right and up to 12 units with CA density bonus (SB 35). Boyle Heights has a unique combination of attractive price-to-rent ratios, demand, and value, not the least of which makes it one of the best candidates to start adding to a rental property portfolio. Boyle Heights has demonstrated a propensity towards landlord returns, and its potential moving forward is just as attractive. The combination of current indicators and future potential enables Boyle Heights to stand out.

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January, 2023
Jan 10, 2023

Date

Expired

CRMLS: 22190375

$1,938,888

Price
Aug 17, 2022

Date

Active

CRMLS: 22190375

$1,938,888

Price
Listing provided courtesy of CRMLS

Great development opportunity! Marcus & Millichap has been selected to exclusively represent for sale the property at 3821 E Olympic Boulevard. This is a 13,364 square foot piece of land at the signalized corner of Olympic Boulevard and Indiana Street in Boyle Heights. The subject property is owner-user currently operating as a Smog Check, Used Car Sales, Auto Registration, and Auto Repair business. The building consists of a 1,169 square feet commercial building. A portion of the building is rented as Auto repair on a month-to-month lease. The 13,364 square foot land can be repurposed into a multi-family redevelopment project with a potential for 12 units with the CA density bonus (SB 35). Priced at $145 per Sq Ft, this land is an excellent opportunity to invest in one of the best 5 neighborhoods in Los Angeles for rental properties. **Buyer/Buyer's agent to verify with the city with regards of zoning, current, and future use of the property.

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May, 2021
May 8, 2021

Date

Active

CRMLS: DW21098229

$1,999,500

Price
Listing provided courtesy of CRMLS

Say hello to the business opportunity you have been waiting for! This income-producing commercial property is in an excellent location. Currently being used for USED AUTO SALES, MECHANIC, & SMOG SHOP. This is an opportunity you don't want to miss! For more information please contact listing agent NOW!! Check it out! ----> https://my.matterport.com/show/?m=vEKLkZyGUtu

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June, 2002
Jun 14, 2002

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 3821 E Olympic Blvd

Assessed Value (2020): $635,808

Year	Land Value	Improved Value	Assessed Value
2020	$391,725	$244,083	$635,808

About 3821 E Olympic Blvd

Detailed summary of property

3821 E Olympic Blvd is categorized with a use code of Auto Repair (& Related), Garage in Los Angeles, CA 90023 and is currently off market. This property has -- bedrooms, -- bathrooms, roughly 1,169 living square feet, and sits on an approximately 13,363 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Local nearby listings include 3135 E Cesar E Chavez Ave, 950 S Mott St and 4077 San Carlos St. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 3821 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 3821 E Olympic Blvd

Public county record property details

Beds: --
Baths: --
Year built: 1963
Sq. Ft.: 1,169
Lot Size: 13,363
Stories: 1

Type: Auto Repair (& Related), Garage
Pool: No
Spa: No
County: Los Angeles
Lot#: 88-90
APN: 5191-001-018

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

$620,000

Median List Price/Sq.Ft.

$628

Median Sold Price

$692,500

Median Sold Price/Sq.Ft.

$604

Total Inventory

Median Sale to List Price %

106.55%

Avg Days on Market

Loan Type

Conventional (0%), FHA (25%), VA (0%), Cash (0%), Other (50%)

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(714) 706-1823

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