4611 E Olympic Boulevard East Los Angeles, CA $ 1,050,000
4611 E Olympic Boulevard
$ 1,050,000
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4611 E Olympic Boulevard

East Los Angeles, CA, 90022
$ 1,050,000
Baths0.0 Sq 3,371

Monthly Estimate*

$ 6,979

Listed by Circa Properties, Inc.
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Studio

Commercial Property for sale in East Los Angeles, CA

for $1,050,000. This 3,371 square foot building was built in 1922 on a lot size of 0.1599.

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. 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.The property’s at 4601 E. Olympic (PW23019001) and 4611 E. Olympic Blvd.(PW23019013) are to be sold together

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Commercial Active

Price

$ 1,050,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,077

Style

MixedUse

Lot Size

0.1599

Year Built

1922

Town/City

East Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW23019013

Days on Market

492

Features
General
Heating WallFurnace
Cooling None
Utilities ElectricityAvailable ElectricityConnected NaturalGasAvailable NaturalGasConnected SewerAvailable SewerConnected WaterAvailable WaterConnected
Roof Composition Flat RolledHotMop
Zoning LCM1
Construction Materials WoodSiding
Exclusions Tenants personal belongings
Year Built 1922
Electric Standard
Property SubType MixedUse
Business Type Bakery Commercial Mixed MultiTenant Retail
County Los Angeles
Insurance Expense 1879.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Trust
Status Active
Directions 5 freeway (N) Exit Eastern Ave. (L) on Telegraph Rd. (R) on Duncan ave. Rt hand side
City East Los Angeles
View Y/N N
Senior Community Y/N N
Open Parking Spaces 2.0
NumberOfUnitsTotal 6893
MLS Area ELA - East Los Angeles
Lot Size Units SquareFeet
Lot Size Square Feet 6965.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 2
Listing Terms Cash CashtoNewLoan Item1031Exchange
Property Attached Y/N N
Land Lease Y/N Y
Tax Annual Amount 1077.0
Home Warranty Y/N N
Water Sewer Expense 7000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 433
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Owner
Year Built Source PublicRecords
Property Sub Type Additional MixedUse
Expected Active Date 2023-02-16
Cap Rate 2.7
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Exterior
Fencing ChainLink
Lot Features IrregularLot Level NoLandscaping StreetLevel ValueInLand
Water Source Public
Total Parking 2.0
Lot Size Area 6965.0
Number of Buildings 3
Spa N
Building Area Total 3371.0
Lot Dimensions 6984
Lot Size Acres 0.1599
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Laundry Features Inside
Electric On Property Y/N N
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Internal Only
Street Number 1 4611
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* Excluded Features
List By
Circa Properties, Inc.

Broker

(714) 203-6814

Phone

Affordability Calculator

$7,068
Per Month
99%
1%
0%
Monthly Principal & Interest
$6,979
Monthly Property Taxes
$90
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/24/2024$1,050,000 -14.29% Price Down
7/26/2023$1,225,000 -5.77% Price Down
2/16/2023$1,300,000 Listed Price

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4611 E Olympic Boulevard, East Los Angeles, CA, 90022 is a Commercial Property for sale at $1,050,000 with 3,371 sqft and a lot size of 0.1599. 4611 E Olympic Boulevard is a studio with 0.0 baths and was built in 1922. The property's zip code is 90022 which is in East Los Angeles, CA