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Seller Financing Available at 3.875% 2341-2345 E Olympic Blvd

22,360 SF 100% Leased Industrial Building Los Angeles, CA 90021 $12,950,000 ($579/SF)

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Investment Highlights

BEST OPPORTUNITY in the Arts District- Owner will Carry Financing at 3.875%- Call Broker
BEAUTIFUL BRICK STRUCTURE and Soaring Wood Trusses
STRUCTURE is Clear Span with +/- 16 Foot Minimum Clearance

400 PERSON occupancy events permit and 4 Artist in Residence Live/Work Units, and a Coffee Shop (All Separately Metered)
LOCATED within proximity to DTLA Studio Production Sites (Call Broker for Details)
ENTERTAINMENT and Show Permit from the city of Los Angeles

Executive Summary

EXTREMELY RARE entitlements in place. STYLISHLY IMPROVED multi-use events and production facility with capacity for up to 400 guests, 4 Artist in Residence Live/Work Units, and a coffee shop. GREAT CREATIVE SPACE in the Heart of Downtown LA. CLEAR SPAN BUILDING with no interior columns. TWO STREET FRONTAGE - Olympic Boulevard and Porter Street. CONVENIENT ALLEY ACCESS for loading as well as pedestrian traffic. BEAUTIFUL EXPOSED BRICK structure and soaring wood trusses throughout. FULLY POWERED and sprinklered facility.
This property is also being offered as a portfolio sale with 1505-1515 South Santa Fe Ave.

2345 East Olympic Blvd OM

Property Facts

Price	$12,950,000	Rentable Building Area	22,360 SF
Price Per SF	$579	No. Stories	1
Sale Type	Investment or Owner User	Year Built	1923
Property Type	Industrial	Parking Ratio	0.13/1,000 SF
Property Subtype	Warehouse General Retail Freestanding OfficeLoft Creative Space Office Industrial Live Work Unit	Clear Ceiling Height	28 FT
Building Class	C	No. Drive In / Grade-Level Doors	4
Lot Size	0.51 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$12,950,000
Price Per SF	$579
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Warehouse General Retail Freestanding OfficeLoft Creative Space Office Industrial Live Work Unit
Building Class	C
Lot Size	0.51 AC
Rentable Building Area	22,360 SF
No. Stories	1
Year Built	1923
Parking Ratio	0.13/1,000 SF
Clear Ceiling Height	28 FT
No. Drive In / Grade-Level Doors	4
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

Skylights

Lighting
Gas
Water
Sewer

1 of 1

aerial
map

2341-2345 E Olympic Blvd, Los Angeles, CA - aerial map view - Image1

2341-2345 E Olympic Blvd, Los Angeles, CA - aerial map view - Image2

PROPERTY TAXES

Parcel Number	5167-001-039	Improvements Assessment	$2,034,502
Land Assessment	$888,272	Total Assessment	$2,922,774

PROPERTY TAXES

Parcel Number

5167-001-039

Land Assessment

$888,272

Improvements Assessment

$2,034,502

Total Assessment

$2,922,774

zoning

Zoning Code	LAM3, Los Angeles (Commercial Store Combination - Store & Residential)
LAM3, Los Angeles (Commercial Store Combination - Store & Residential)