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.
This property is also being offered as a portfolio sale with 1505-1515 South Santa Fe Ave.
PROPERTY FACTS
AMENITIES
- Skylights
UTILITIES
- Lighting
- Gas
- Water
- Sewer
PROPERTY TAXES
Parcel Number | 5167-001-039 | Improvements Assessment | $2,034,502 |
Land Assessment | $888,272 | Total Assessment | $2,922,774 |
ZONING
Zoning Code | LAM3, Los Angeles (Commercial Store Combination - Store & Residential) |