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Seller Financing Available at 3.875% 2341-2345 E Olympic Blvd 22,360 SF 100% Leased Industrial Building Los Angeles, CA 90021 $12,950,000 ($579.16/SF)

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INVESTMENT HIGHLIGHTS

  • BEST OPPORTUNITY in the Arts District - 2.99% Seller Financing w/ $5M Down Payment
  • BEAUTIFUL BRICK STRUCTURE and Soaring Wood Trusses
  • STRUCTURE is Clear Span with +/- 16 Foot Minimum Clearance
  • 400 PERSON occupancy events permit and 4 Artist in Residence Live/Work Units, and a Coffee Shop (All Separately Metered)
  • LOCATED within proximity to DTLA Studio Production Sites (Call Broker for Details)
  • ENTERTAINMENT and Show Permit from the city of Los Angeles

EXECUTIVE SUMMARY

EXTREMELY RARE entitlements in place. STYLISHLY IMPROVED multi-use events and production facility with capacity for up to 400 guests, 4 Artist in Residence Live/Work Units, and a coffee shop. GREAT CREATIVE SPACE in the Heart of Downtown LA. CLEAR SPAN BUILDING with no interior columns. TWO STREET FRONTAGE - Olympic Boulevard and Porter Street. CONVENIENT ALLEY ACCESS for loading as well as pedestrian traffic. BEAUTIFUL EXPOSED BRICK structure and soaring wood trusses throughout. FULLY POWERED and sprinklered facility.
This property is also being offered as a portfolio sale with 1505-1515 South Santa Fe Ave.

PROPERTY FACTS

Price $12,950,000
Price Per SF $579.16
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Freestanding
  • OfficeLoft Creative Space
Building Class C
Lot Size 0.51 AC
Rentable Building Area 22,360 SF
No. Stories 1
Year Built 1923
Parking Ratio 0.13/1,000 SF
Clear Ceiling Height 28’
No. Drive In / Grade-Level Doors 4
Opportunity Zone Yes
Zoning LAM3, Los Angeles - Commercial Store Combination - Store & Residential

AMENITIES

  • Skylights

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 8,121 SF
  • Industrial
  • -
  • 30 Days

This outstanding creative industrial space offers a total of 8,121 square feet, including a 6,274 SF clear span area, mezzanine offices, a dedicated storage section, and a large bathroom bank with private stalls. The property features an oversized ground-level loading door and semi-private alley access, making it ideal for wholesale or retail showrooms, galleries, and light industrial operations. With a 400-person capacity for events, meetings, or gatherings, the space is well-suited for creative activations and community engagement. The building is powered by 200 amps at 240 volts with 3-phase electrical service and is fully equipped with fire sprinklers for enhanced safety and compliance.

Space Size Space Use Condition Available
1st Floor 8,121 SF Industrial - 30 Days

1st Floor

Size
8,121 SF
Space Use
Industrial
Condition
-
Available
30 Days

1st Floor

Size 8,121 SF
Space Use Industrial
Condition -
Available 30 Days

This outstanding creative industrial space offers a total of 8,121 square feet, including a 6,274 SF clear span area, mezzanine offices, a dedicated storage section, and a large bathroom bank with private stalls. The property features an oversized ground-level loading door and semi-private alley access, making it ideal for wholesale or retail showrooms, galleries, and light industrial operations. With a 400-person capacity for events, meetings, or gatherings, the space is well-suited for creative activations and community engagement. The building is powered by 200 amps at 240 volts with 3-phase electrical service and is fully equipped with fire sprinklers for enhanced safety and compliance.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5167-001-039
Land Assessment
$906,037
Improvements Assessment
$2,075,192
Total Assessment
$2,981,229
  • Listing ID: 22814181

  • Date on Market: 4/22/2021

  • Last Updated:

  • Address: 2341-2345 E Olympic Blvd, Los Angeles, CA 90021

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