2545-2559 W Olympic Blvd
Los Angeles, CA 90006
Retail Property For Sale

Corner lot in prime Koreatown location along Olympic Blvd. The subject property currently consists of one Freestanding street retail building on the North East corner of Olympic Blvd. and Magnolia Ave. between the major cross streets of Hoover Ave. and Vermont Ave. The building is 7,900 Sf with a net leaseable area of 6,786 Sf on a 8,550 Sf lot zoned LAC2-2. The property can take advantage of LA's Transit Oriented Community incentive program which falls into the Tier 3 category, allowing for a 70% increase in the maximum number of units, increase in the Floor Area Ratio, reduction in parking requirements, and many other development incentives. The property can also take advantage of the great frontage along Olympic Blvd. almost 142 Feet worth. *Buyer to verify all information"