2323 W Olympic Boulevard, Los Angeles, CA 90006 - Berkshire Hathaway HomeServices California Properties

2323 W Olympic Boulevard, Los Angeles, CA 90006

$22,000,000 Approx. USD 0 beds, 0 baths

Listing Agent


Thomas K Lee | thomas8win@gmail.com
Lic#: 01148322
Broker: Courtesy of WIN Realty & Properties

Co Listing Agent


Nicole J. Kim | 4485065@gmail.com
Lic#: 01344108
Broker: Courtesy of WIN Realty & Properties

Agent Remarks

Amazing opportunity to add value 2323 W. Olympic Blvd Los Angeles large as 1.653 AC / 72,003 SF land size, C2, C4, P1 zone. This land can offer redevelopment opportunity on prime W. Olympic Blvd connecting from K town onto Downtown area. Great mixed use Development Opportunity - This location may build for 350 Residential Units plus 60,000 SF Retail Spaces by Density Bonus w/TOC Tier 3 incentive. Currently, strong Single NNN Tenant (Northgate Market Los Angeles) with 5-year lease only, No option to renew after February 28, 2030 since March 01, 2010 as a starting point. It sure will attract high visibility with major traffic occurrence on Olympic Blvd, just 6-7 blocks from Crypto.com Arena in Downtown LA. A truly rare opportunity with tremendous development with a strong income portfolio to be added to your assets. Buyer and Buyer's agent to verify all information regarding the property to their full and complete satisfaction.

Listing Details

Property type: (Commercial)
Status: Active
MLS# 25503117
List price is $22,000,000 Reduced by $4,000,000 on 5/23/2025
Price: $22,000,000
HOA Fee is $0.00
Built in 1962
1.65 acres
Lot size: 1.6537
County: Los Angeles
Zoning: LAC2
MLS area: C42 - Downtown L.A.

Last Updated: 5/23/2025

 Days On Market (DOM): 141

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.052791, -118.282609.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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