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4611 E Olympic Boulevard

East Los Angeles, CA 90022
  • $1,050,000
  • STATUS: Active
  • ON SITE: 463 Days
  • ID#: PW23019013
UPDATED: 113 min ago
$1,050,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1922
County:

School Ratings & Info

Listing Agent(s): James Oronoz of Circa Properties, Inc. (714-203-6814)


Description

4611 E. Olympic Blvd. - Nestled along a dynamic thoroughfare in the heart of East Los Angeles, this expansive mixed-use property is a prime investment opportunity. The location offers easy access to nearby freeways, schools, shops, and an array of local eateries, enhancing its appeal for residents and businesses alike. The property comprises two detached residential units, each boasting 2 bedrooms and 1 bathroom, providing attractive options for potential renters or homeowners seeking an urban lifestyle. Toward the east end of the property, a charming bakery adds character and potential for additional income streams. With its strategic positioning and diverse potential uses, this property stands as a promising choice for investors looking to capitalize on the dynamic energy of East Los Angeles. 4601 E. Olympic Blvd. - This corner lot is situated on a bustling thoroughfare, offering immense potential for various development opportunities. Currently, the property features 3 retail units and an open-air lot adjacent to the building. These structures present an excellent foundation for enhancing the existing businesses or embarking on new ventures that would benefit the vibrant surrounding neighborhood. As an added bonus, the property generates additional income through a strategically placed billboard. Conveniently located near major freeways, this property provides quick access to downtown Los Angeles, making it an attractive investment for both local and commuter-focused enterprises.The propertys at 4601 E. Olympic (PW23019001) and 4611 E. Olympic Blvd.(PW23019013) are to be sold together

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-24T22:33:14.837. 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 deemed reliable but is not guaranteed accurate by the MLS or Better Living Socal Group Corporation. Licensed in the State of California, USA.
www.betterlivingsocalhomes.com/homes/137026200
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4611 E Olympic Boulevard East Los Angeles, CA 90022

  • Price: $1,050,000
  • Status: Active
  • On Site: 463 Days
  • Updated: 113 min ago
  • ID#: PW23019013
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1922
Built
Neighborhood:
ELA - East Los Angeles
County:
Los Angeles
Area:
ELA - East Los Angeles
Property Description
4611 E. Olympic Blvd. - Nestled along a dynamic thoroughfare in the heart of East Los Angeles, this expansive mixed-use property is a prime investment opportunity. The location offers easy access to nearby freeways, schools, shops, and an array of local eateries, enhancing its appeal for residents and businesses alike. The property comprises two detached residential units, each boasting 2 bedrooms and 1 bathroom, providing attractive options for potential renters or homeowners seeking an urban lifestyle. Toward the east end of the property, a charming bakery adds character and potential for additional income streams. With its strategic positioning and diverse potential uses, this property stands as a promising choice for investors looking to capitalize on the dynamic energy of East Los Angeles. 4601 E. Olympic Blvd. - This corner lot is situated on a bustling thoroughfare, offering immense potential for various development opportunities. Currently, the property features 3 retail units and an open-air lot adjacent to the building. These structures present an excellent foundation for enhancing the existing businesses or embarking on new ventures that would benefit the vibrant surrounding neighborhood. As an added bonus, the property generates additional income through a strategically placed billboard. Conveniently located near major freeways, this property provides quick access to downtown Los Angeles, making it an attractive investment for both local and commuter-focused enterprises.The propertys at 4601 E. Olympic (PW23019001) and 4611 E. Olympic Blvd.(PW23019013) are to be sold together
Exterior Features

Construction Materials Wood Siding Fencing Chain Link Lot Features Irregular LotLevelNo LandscapingStreet LevelValue In Land Open Parking Spaces 2 Parking Total 2 Roof CompositionFlatRolled/Hot Mop Sign On Property YN No

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Business Type BakeryCommercialMixedMulti-TenantRetail Cap Rate 2.7 Common Interest None Electric Standard Exclusions Tenants personal belongings Gross Scheduled Income 47100 Insurance Expense 1879 Land Lease YN Yes Laundry Features Inside Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Number Of Units Leased 2 Property Sub Type Mixed Use Special Listing Conditions Trust Tax Annual Amount 1077 Utilities Electricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected Water Sewer Expense 7000 Water Source Public Zoning LCM1



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-24T22:33:14.837. 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 deemed reliable but is not guaranteed accurate by the MLS or Better Living Socal Group Corporation. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370966698-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370966698-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370966698-1.jpg
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Better Living Socal Group Corporation
250 El Camino Real #104
Tustin CA, 92780
Listing Agent(s): James Oronoz of Circa Properties, Inc. (714-203-6814)