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4611 E Olympic Boulevard,  East Los Angeles CA, 90022

(Active)
$1,050,000
|
3,371 sqft
|
MLS# PW23019013
Last Updated: 5/18/2024 6:26 AM
Description for 4611 E Olympic Boulevard East Los Angeles, CA 90022
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 propertys at 4601 E. Olympic (PW23019001) and 4611 E. Olympic Blvd.(PW23019013) are to be sold together
Price
$1,050,000
Los Angeles
3,371 (approx)
PW23019013
Active
Description
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 propertys at 4601 E. Olympic (PW23019001) and 4611 E. Olympic Blvd.(PW23019013) are to be sold together
Listing Information
Property Type: Retail, Mixed Use, Business Opportunities, 1 Story
0.16 Acres Assessor 3,371 (approx)
1922 1 Wood
Public
Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Available,Sewer Connected,Water Available,Water Connected
3 Total
Neighborhood
Room Information
Inside
Interior Features
None
Other, Wall Furnace
Exterior / Lot Features
2 Parking Spaces, 0 Covered Parking Spaces,
Wood
Composition, Flat, Rolled, Hot Mop
6984
LCM1
Chain Link
Irregular Lot,Level,No Landscaping,Street Level,Value In Land
Driving Directions
5 freeway (N), Exit Eastern Ave. (L) on Telegraph Rd., (R) on Duncan ave., Rt hand side
Financial Considerations
5246007036
$1,077
Cash,Cash to New Loan,1031 Exchange
Listing Price History

East Los Angeles Real Estate

East Los Angeles is located in California. East Los Angeles, California 90022 has a population of 127,294.

The median household income in East Los Angeles, California 90022 is $48,511. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in East Los Angeles 90022 is 38 years.

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Listing Agent: James Oronoz CalDRE: 02056694 - Circa Properties, Inc., 714-553-9073
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/18/2024 6:26 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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