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2323 W Olympic, Los Angeles, CA 90006
0 Beds
0 Baths
n/a sqft

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This investment offers an opportunity to purchase a single tenant supermarket asset Northgate Market or develop and build maximum 220 units. A great mixed-use development opportunity is in prime Koreatown submarket, adjacent to Downtown LA. This area has seen a dramatic change in the last years, with the addition of many new coffee shops, restaurants, retails, and new construction housing. The property is made up of an approximately 19,437 SF building, with approximately 71,961 SF land. TOC Tier 3 incentives allow a developer potentially to build up to 220 units. Property benefits from significant frontage on the heavily trafficked retail corridor of Olympic Blvd. Property suits to the surrounding area demographics and drives significant traffic to this location. * Property records for the building show 19,437 square feet. The land is approximately 71,961 SF. Buyer to verify all information inclusive ofsquare footage. Don't disturb tenant.
  • Price:
  • $33,000,000
  • Listing ID #:
  • 20-570560
  • Street Address:
  • 2323 W Olympic
  • City:
  • Los Angeles
  • State:
  • California
  • Postal Code:
  • 90006
  • County:
  • Los Angeles
  • Listing Status:
  • Active
  • View:
  • City
  • Conforms To Zoning:
  • Lac2
30-year Conforming

2.87%

-0.015%

30-year FHA

2.965%

-0.006%

30-year VA

2.599%

0.014%

Last updated: 8/3/2020
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Elizabeth Clark of Compass (310-272-8002)
  • Copyright © 2020 Combined LA Westside Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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