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    2323 W Olympic

    Los Angeles, CA 90006
    • $33,000,000
    • STATUS: Active
    • ON SITE: 74 days
    • ID#: 20-570560
    Price Reduced
    UPDATED: 80 min ago
    $33,000,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-04T23:42:14.88. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/105199620
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    2323 W Olympic Los Angeles, CA 90006

    • Price: $33,000,000
    • Status: Active
    • Updated: 80 min ago
    • ID#: 20-570560
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    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.
    Exterior Features

    Cross Streets W. Olympic Blvd & Alvarado Street Lot Description 5 + LotsCorners EstablishedLot Shape-IrregularRedevelopment AreaSidewalksStreet ConcreteStreet Lighting Lot Size Area 72015 View Description CityCity Lights View YN Yes

    Property Features

    Assessments Buyer To Verify Cable YN Yes Electric On Site Gas On Site Hoa Fee1 0.00 Sale Type Standard Site Description City Source Lot Size Area Vendor Enhanced Zoning Lac2

    Listing provided courtesy of Elizabeth Clark DRE#01811246 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-04T23:42:14.88. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355