East Los Angeles, CA 90022 4601 E Olympic Boulevard

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Presented By: James Oronoz with Circa Properties, Inc.; 714-553-9073
  • MLS# PW23019001
  • 02/15/2023
  • Request Tour
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  • FootageSQFT • 1,446

Home Details

4601 E. Olympic Blvd. - This corner lot is situated on a bustling thoroughfare, offering immense potential for various development opportunities. Currently, the property features 3 retail units and an open-air lot adjacent to the building. These structures present an excellent foundation for enhancing the existing businesses or embarking on new ventures that would benefit the vibrant surrounding neighborhood. As an added bonus, the property generates additional income through a strategically placed billboard. Conveniently located near major freeways, this property provides quick access to downtown Los Angeles, making it an attractive investment for both local and commuter-focused enterprises. 4611 E. Olympic Blvd. - Nestled along a dynamic thoroughfare in the heart of East Los Angeles, this expansive mixed-use property is a prime investment opportunity. The location offers easy access to nearby freeways, schools, shops, and an array of local eateries, enhancing its appeal for residents and businesses alike. The property comprises two detached residential units, each boasting 2 bedrooms and 1 bathroom, providing attractive options for potential renters or homeowners seeking an urban lifestyle. Toward the east end of the property, a charming bakery adds character and potential for additional income streams. With its strategic positioning and diverse potential uses, this property stands as a promising choice for investors looking to capitalize on the dynamic energy of East Los Angeles. This property’s 4601 E. Olympic (PW23019001) and 4611 E. Olympic Blvd.(PW23019013) are to be sold together
Presented By: James Oronoz with Circa Properties, Inc.; 714-553-9073

Interior Features for 4601 E Olympic Boulevard

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Street SuffixBoulevard
Total Stories1

General for 4601 E Olympic Boulevard

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeCommercial, ConvenienceStore, Retail
Cap Rate3.9
Carport Spaces0.0
Carport Y/NNo
CityEast Los Angeles
Construction MaterialsWoodSiding
CoolingNone
CountyLos Angeles
Days on Market433
Directions5 freeway (N), Exit Eastern Ave. (L) on Telegraph Rd., (R) on Duncan ave., Rt hand side
ElectricStandard
ExclusionsTenants personal belongings
Expected Active Date 2023-02-16
Garage Y/NNo
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense976.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet1893.0
MLS AreaELA - East Los Angeles
MobileHomeRemainsYNNo
New ConstructionNo
Number of Units Leased3
Occupancy DescriptionTenant
Open Parking Spaces0.0
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalRetail
Property SubTypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
RoofComposition, Flat, RolledHotMop
Senior Community Y/NNo
Special Listing ConditionsTrust
Standard StatusActive
StatusActive
Street NameOlympic
Tax Year2022
Total Units3
UtilitiesSewerAvailable, SewerConnected, WaterAvailable, WaterConnected
View Y/NNo
Water Sewer Expense900.0
Waterfront Y/NNo
Year Built1922
Year Built SourcePublicRecords
ZoningLCM1

Exterior for 4601 E Olympic Boulevard

Building Area Total1446.0
Crops Included Y/NNo
FencingChainLink
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions1893
Lot FeaturesCornerLot, Level, NearPublicTransit, RectangularLot, StreetLevel
Lot Size Acres0.0435
Lot Size Area1893.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
LotDimensionsSourcePublicRecords
Number of Buildings2
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $749,900
MLS#PW23019001
List Date 02/15/2023
Property Type Commercial
Phone 714.964.3311
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