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4640 E Olympic Blvd 1,624 SF of Office/Retail Space Available in Los Angeles, CA 90022
HIGHLIGHTS
- Either Build-to-suit or Ground Lease options, High traffic visibility, adjacent to ELA interchange, signalized corner site
- Commercial/light manufacturing use, Unincorporated Los Angeles, Lot is paved & fenced,
- Clean environmental report, ample on-site parking, flexible uses, dense population, 5 minutes to Citadel, four entrances total,
- An adjacent parcel can be made available that adds an additional 5,400 square feet of usable space. Can be used for storage or parking, etc.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 1,624 SF | 20’ | 10-30 Years | $96.00 /SF/YR $8.00 /SF/MO $155,904 /YR $12,992 /MO | Triple Net (NNN) |
1st Floor
Former gas station steel corrugated building with three automotive bays, two bath rooms, office and private storage area. Corner of Olympic Blvd. and Mc Bride Ave adjacent to the East Los Angeles freeway interchange. High traffic to/from Downtown Los Angeles. Has rear driveway for drive through services or additional parking. All clearances for contamination completed. Owner will consider either Long term lease or Ground Lease option. The monthly rent asked is $12,992.00. Potential expansion option with an adjacent lot zoned commercial with approximately 5,400 sq. ft. excellent for additional parking requirements that creates an "L" shaped configuration layout, 5 total entrances.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Mostly Open Floor Plan Layout
- 2 Private Offices
- Finished Ceilings: 20’
- Space is in Excellent Condition
- Anchor Space
- Private Restrooms
- Print/Copy Room
- Corner Space
- High Ceilings
- Secure Storage
- Natural Light
- Open-Plan
- Professional Lease
- High traffic to DTLA, Signalized, dedicated turn
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 1,624 SF | Gross Leasable Area | 1,624 SF |
| Property Type | Retail | Year Built/Renovated | 1970/2013 |
| Property Subtype | Auto Repair | Parking Ratio | 11.08/1,000 SF |
| Total Space Available | 1,624 SF |
| Property Type | Retail |
| Property Subtype | Auto Repair |
| Gross Leasable Area | 1,624 SF |
| Year Built/Renovated | 1970/2013 |
| Parking Ratio | 11.08/1,000 SF |
ABOUT THE PROPERTY
IMAGINE YOUR EV CHARGING STATION, MIXED RETAIL, FAST FOOD OR ??? Former gas station steel corrugated building, three bays, office, storage, two bathrooms. Contamination remediation completed. Easy to remodel or build to suit. Large canopy, corner lot with high traffic flow to/from Downtown LA, adjacent to ELA interchange, rear driveway area for food drive through or additional parking/storage needs. Two entrances on Olympic and two on Mc Bride so easy in/out. Signalized Corner lot, Lot resurfaced 1.5 years ago. Potential expansion option with an adjacent lot zoned commercial with approximately 5,400 sq. ft. excellent for additional parking requirements that creates an "L" shaped configuration layout, 5 total entrances. Tenant to verify physical attributes with Los Angeles County Building & Safety Dept and/or Regional Planning. Owner prefers a long-term lease with a small box or fast food chain.
- Corner Lot
- Courtyard
- Dedicated Turn Lane
- Fenced Lot
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Monument Signage
NEARBY MAJOR RETAILERS
Presented by
Eileen Gomez
4640 E Olympic Blvd
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