3923 W Olympic Blvd, Los Angeles, CA
Retail for Sale - $3,500,000 - 13,070 Sq. Ft. on 0.26 acres
Property Info
CIMLS# | 947142 |
Location 3923 W Olympic Blvd Los Angeles CA 90019 | |
Updated | June 17th, 2017 |
Type | Retail |
Price | $3,500,000 |
Building | 13,070 Sq. Ft. |
Land | 0.26 acres |
Property Description
Rosano Partners has been exclusively selected to market for sale a value add mixed use property. Amazing location on the west end of Koreatown along Olympic Boulevard. With established tenants and outstanding presence on the major thoroughfare, the subject property has its best years ahead of it. Baek Hwa Jung restaurant has been a staple within the local community for decades with its ability to deliver consistently outstanding dishes. This opportunity is truly a gem, with tremendous opportunity for growth in the coming years.
Location Description:
The subject property is situated along Olympic Boulevard on the corner of Norton Avenue. Located on the west side of Koreatown, the property is surrounded by various retailers. Koreatown has seen a strong development resurgence during the past two real estate cycles, and many more apartment and mixed use projects are planned. The gentrification of the area is bringing plenty of added services and amenities within the neighborhood borders. The density and demographics of the area will continue to carry the property for decades, delivering a sound investment for any investor.
Highlights:
>> Signalized Corner
>> Strong Retail Presence
>> Value Add Opportunity
>> Outstanding Visibility
>> Established Tenancy
>> Restaurant Improvements in 25% of GLA
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