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)

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.

PROPERTY FACTS

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’
No. Drive In / Grade-Level Doors 4
Opportunity Zone Yes

AMENITIES

  • Skylights

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer

PROPERTY TAXES

ZONING

Zoning Code LAM3, Los Angeles (Commercial Store Combination - Store & Residential)
  • Listing ID: 22814181

  • Date on Market: 4/22/2021

  • Last Updated:

  • Address: 2341-2345 E Olympic Blvd, Los Angeles, CA 90021