4141 Olympic BlvdLos Angeles, CA 90023

Property Details for 4141 Olympic Blvd

Lot size

0.17 AC

Property size (Sq ft)

2,686 SF

Zone code

LCM1*

Property type

Retail properties

Property subtype

Auto shops

APN

5242-001-008

APU

5242001008

Description

This exceptional 1,800 square foot industrial property, located at 4141 E Olympic Blvd in Los Angeles, CA 90023, offers a unique opportunity for businesses seeking flexible and strategically located space. Built in 1962 and extensively renovated in 2023, the single-story building features multiple units, each a minimum of 600 square feet, perfect for a variety of industrial uses. The property boasts three drive-in bays, providing convenient access for loading and unloading, and ample parking with six spaces available. Each unit includes an auto-bay and roll-up door, catering to diverse industrial needs. The property benefits from a prime location on a signalized corner, ensuring high visibility and exposure to significant traffic volume. Its strategic location provides seamless access to major freeways, including the 5, 710, 60, and 10 freeways, facilitating efficient transportation and logistics. Furthermore, its proximity to public transit enhances accessibility for employees and clients. The property is zoned LCM1* and offers single-phase power. This is an unparalleled opportunity to secure a prime industrial space in a high-traffic area with excellent freeway access and modern amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,134,328

  6.5%

  $1,047,072

  7%

  $972,281

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,287,140

  Geo Method

  $1,287,140

• Alternative Use

  Use

  Valuation

  Residential

  $883,244

  Hospitality

  $809,047

  Educational

  $673,118

  Medical

  $696,267

  Retail

  $1,047,072

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0191

Longitude

-118.185

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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