Skip to main content

Shopping Auto Center

3821 East Olympic Boulevard

3821 E Olympic Blvd, Los Angeles, CA 90023

Listing Price: $1,938,888

Gross SF
1,169
Rentable SF
1,169
Price/Gross SF
$1,658.59
Lot Size
0.31 acres
Year Built
1963

Investment Overview

Marcus & Millichap is pleased to present 3821 E Olympic Boulevard, an excellent opportunity for an owner-user or affordable housing developer. This rare corner lot property sits on 13,356-square feet of land zoned LAR2.

3821 East Olympic Boulevard is a unique property that is currently operated as a Smog Check, Auto Repair, and Used Car Sales business. The property consists of one 1,169-square feet commercial building that is currently leased on a month-to-month basis. The site presents an excellent owner-user, redevelopment or repurpose opportunity for Affordable Housing, Auto Service, or Retail with a zone change / use permit. The property sits on 13,356-square feet of land zoned LAR2-1-CUGU located in a qualified opportunity zone, yielding major long-term tax benefits. The site also boasts excellent frontage and visibility along two streets: East Olympic Boulevard and Indiana Street. The property also provides ingress & egress from both streets and an alley along the west side of the lot.

Investment Highlights

  • Prime Owner User or Redevelopment Opportunity
  • 13,365 SF Signalized Corner Lot | Opportunity Zone
  • Price Per SF Land - $145
  • Possible Future Zoning Variance
  • 9 Units by Right | 14 Units with Density Bonus

Exclusively Listed By

Financing By

Shopping Auto Center

3821 East Olympic Boulevard

Listing Price: $1,938,888

Gross SF
1,169
Rentable SF
1,169
Price/Gross SF
$1,658.59
Lot Size
0.31 acres
Year Built
1963

Investment Highlights

  • Prime Owner User or Redevelopment Opportunity
  • 13,365 SF Signalized Corner Lot | Opportunity Zone
  • Price Per SF Land - $145
  • Possible Future Zoning Variance
  • 9 Units by Right | 14 Units with Density Bonus

Investment Overview

Marcus & Millichap is pleased to present 3821 E Olympic Boulevard, an excellent opportunity for an owner-user or affordable housing developer. This rare corner lot property sits on 13,356-square feet of land zoned LAR2. 3821 East Olympic Boulevard is a unique property that is currently operated as a Smog Check, Auto Repair, and Used Car Sales business. The property consists of one 1,169-square feet commercial building that is currently leased on a month-to-month basis. The site presents an excellent owner-user, redevelopment or repurpose opportunity for Affordable Housing, Auto Service, or Retail with a zone change / use permit. The property sits on 13,356-square feet of land zoned LAR2-1-CUGU located in a qualified opportunity zone, yielding major long-term tax benefits. The site also boasts excellent frontage and visibility along two streets: East Olympic Boulevard and Indiana Street. The property also provides ingress & egress from both streets and an alley along the west side of the lot.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower