Available
3965 E. Olympic Blvd
Los Angeles, CA 90023
$3,995,000
Massive Commercially Zoned Lot at a 5 Freeway On/Offramp
InquireProperty details
- Category
- Land
- Lot
- 55,321 SF
- Price / SF land
- $72
- Zoning
- C-3, with a smaller R-3 parcel
- APN
- 5242-006-018, 5242-006-005
Offering memorandumBuyer folder
Highlights
- 1.27± acres beside a 5 Freeway on- and off-ramp
- Visibility from the freeway and Olympic Boulevard
- Frontage from Hicks Avenue to Ditman Avenue
- Larger parcel about 50,000 SF and zoned C-3; smaller parcel about 6,000 SF and zoned R-3
- Offered around $72 per square foot of land
- Preliminary project. The memorandum says it is not ready to issue.
A vacant lot on East Olympic Boulevard in East Los Angeles, running the block from Hicks Avenue to Ditman Avenue and sitting at the Ditman on- and off-ramp of the 5 Freeway.
The offering is $3,995,000, described as about $72 per square foot of land. Published lot size is 1.27± acres. APN 5242-006-018 is described as about 50,000 square feet and zoned C-3. APN 5242-006-005 is described as about 6,000 square feet and zoned R-3. The memorandum calls the project preliminary and not ready to issue.
The C-3 designation is described as allowing commercial development up to 1.0 FAR, and residential or mixed-use development at 20–50 dwelling units per net acre, with further density only through programs a buyer would confirm. The memorandum also notes that surrounding land carries a C-M designation.
Representation
Agents
Dario Svidler
Executive Vice President, PartnersCRE
- (424) 600-7633
- dario@svidlercre.com
- DRE 01884474
Jordan Petito
Senior Vice President, PartnersCRE
- (310) 734-2245
- (310) 497-4362
- jordan@petitocre.com
- DRE 02023714
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