The WIN Realty & Properties Team is excited to present an amazing opportunity to add value 2323 W Olympic Blvd Los Angeles large as 1.653 AC / 72,003 SF land size, C2, C4, P1 zone. The entire block of corner intersection of W Olympic Blvd & Grand View & South Park View Street. This land can offer redevelopment opportunity on prime W Olympic Blvd connecting from K Town onto Downtown area. Great Mixed Use Development Opportunity - This location is well-suited for 350 Residential Units plus 60,000 SF Retail Spaces by Density Bonus w/TOC Tier 3 incentive. Currently, a strong Single NNN Tenant (Northgate Market Los Angeles) with 5-year lease only, NO option to renew after February 28, 2030, since March 01, 2010 as a starting point. Northgate Market occupies building size 19,436 SF consists of leases with total income of $672,000 -next year $702,000, $12K increase per year, enjoy high rental income while processing onto obtaining permits and entitlements for further develop into a large multi-story Redevelopment, it sure will attract high visibility with major traffic occurrence on Olympic Blvd, just 6-7 blocks from Crypto.com Arena in Downtown Los Angeles.
A truly rare opportunity with tremendous development with a strong income portfolio to be added to your assets.
Contact exclusive agents Thomas Lee & Connie Kim (213 272-4545) for the marketing flyer, and/or to discuss any other details.