3364-3386 Olympic BlvdLos Angeles, CA 90023

Property Details for 3364-3386 Olympic Blvd

Year built

1941

Property size (Sq ft)

21,000 SF

Property type

Industrial properties

Property subtype

Other industrial properties

Description

This exceptional investment opportunity presents a fully occupied, multi-tenant industrial complex in Los Angeles, CA. The property, located at 3364-3386 E Olympic Blvd, comprises four single-story buildings totaling 21,000 net rentable square feet on a 25,000 square foot lot. Built in 1941 and renovated in 2020, the property features high ceilings (20 feet), exposed wood, polished concrete floors, and ample parking (16 spaces). The complex boasts five loading docks and is zoned M2-1-CUGU (Light Industrial Zone, Light Manufacturing). Currently housing eight tenants under a gross lease structure with corporate guarantees, the property enjoys 100% occupancy and a strong NOI of $420,000, representing a 7.01% cap rate. Leases include a 3% annual rent bump. The property's prime location in Boyle Heights offers excellent visibility on Olympic Boulevard and proximity to major freeways (5, 10, 60, and 710), Downtown LA, and significant redevelopment projects. This is an ideal 1031 exchange opportunity. The property is situated within an Opportunity Zone and State Enterprise Zone, offering potential tax advantages. The asking price is $5,995,000 ($285.48/sq ft). APN: 5190-034-013, 5190-034-014, 5190-034-015, 5190-034-016, 5190-034-020. Ownership: THE CAVE COMPLEX, LLC.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0187

Longitude

-118.205

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