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4611 E Olympic Boulevard, East Los Angeles, CA 90022
$1,050,000
4611 E Olympic Boulevard, East Los Angeles, CA 90022View this property at 4611 E Olympic Boulevard, East Los Angeles, CA 90022
4611 E Olympic BoulevardEast Los AngelesCA90022
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Property 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 property's at 4601 E. Olympic (PW23019001) and 4611 E. Olympic Blvd.(PW23019013) are to be sold together
Full Property Details
Full Property Details for 4611 E Olympic Blvd
General
- Price: $1,050,000
- Taxes: $1,077
- Status: Active
- Type: Commercial
- MLS ID: PW23019013
- Updated: 4/24/2024
- Days on Market: 444 days
- Added to Site: 459 day(s) ago
Business
- Business Type: Bakery, Commercial, Mixed, Multi-Tenant, Retail
Interior
- Laundry Facilities: Yes
Rooms
Other Rooms
- Laundry: Inside
Parking
- Uncovered Spaces: 2
Location
- County: Los Angeles
- Driving Directions: 5 freeway (N), Exit Eastern Ave. (L) on Telegraph Rd., (R) on Duncan ave., Rt hand side
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- Utility Description: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Structural Information
- # Buildings: 3
- Construction: Wood Siding
- Roof: Composition, Flat, Rolled/Hot Mop
- Stories/Levels: 1
- Building Size: 3371
- Square Feet: 3,371
- Year Built: 1922
- Year Built Source: Public Records
Unit Information
- Occupancy Rate: Occupied
Lot Features
- Lot Size (Acres): 0.1599
- Useable Acres: .1599
- Lot Size (Sq. Ft.): 6,965
- Lot Size Source: Assessor
- Lot Dimensions: 6984
- Fence: Yes
- Lot Features: Level with Street, Lot 6500-9999, Irregular Lot, Level, No Landscaping, Value In Land
- Land Lease Avail: Yes
- Lot Description: Level with Street, Lot 6500-9999, Irregular Lot, Level, No Landscaping, Value In Land
- Fencing (Description): Chain Link
Financial Considerations
- Price Per Sq. Ft.: $311
- Tax Amount: $1,077
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Exclusions: Tenants personal belongings
- Investment: Yes
- Property ID: 5246007036
Listed by Circa Properties, Inc., JamesOronoz
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Schools
Schools serving 4611 E Olympic Blvd
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1112 S Ford Blvd, Los Angeles, CA 90022 | K-5 | 0.1 mi | |
4765 E 4th St, Los Angeles, CA 90022 | 6-8 | 1 mi | |
319 N Humphreys Ave, Los Angeles, CA 90022 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4611 E Olympic Blvd
Date
Details
Price
Change
Source
4/24/2024
Price Reduced
$1,050,000
-14.29%
MLS
7/25/2023
Price Reduced
$1,225,000
-5.77%
MLS
2/01/2023
Listed
$1,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4611 E Olympic Blvd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,831
2%
$95,605
2%
2022
$3,738
2%
$93,731
2%
2021
$3,675
—
$91,894
1%
2020
$3,677
32%
$90,953
2%
2019
$2,794
7%
$89,170
2%
2018
$2,617
1%
$87,422
2%
2017
$2,584
3%
$85,709
2%
2016
$2,502
1%
$84,029
2%
2015
$2,480
—
$82,768
2%
2014
$2,486
1%
$81,148
—
2013
$2,467
—
$80,782
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4611 E Olympic Blvd
4611 E Olympic Boulevard, East Los Angeles, CA 90022 (MLS# PW23019013) is a Commercial property. 4611 E Olympic Boulevard is currently listed for $1,050,000 and was received on February 01, 2023. Want to learn more about 4611 E Olympic Boulevard? Do you have questions about finding other Commercial real estate for sale in East Los Angeles? You can browse all East Los Angeles real estate or contact a Coldwell Banker agent to request more information.