5016 E Olympic Blvd
Retail | 2,248 SqFt
Marketing description
Three Suites. One Building. Built for Vision.
A rare freestanding ±2,248 SF storefront on a high-visibility stretch of East Olympic Blvd — three flexible suites, 50 feet of frontage, and 26,000+ vehicles passing daily. This is the kind of building that doesn't come available often: vacant or income-producing on your terms, zoned for nearly any commercial or creative use, with on-site parking and the bones to become whatever you need it to be.
Built for the Creative Owner-User
If you're an artist, photographer, designer, ceramicist, or creative business priced out of the Arts District or Boyle Heights — this is your move. Raw masonry walls, 12-foot ceilings, and a freestanding footprint give you the kind of working studio space that landlords charge a premium for. Build out a gallery up front, a studio in the back, or take all three suites and create a true live-work creative compound. Stop renting your dream and start owning it.
Built for the Owner-User Business
Run your operation out of one suite, lease the other two, and let your tenants help cover the mortgage. LCM1 zoning supports retail, service, office, and a wide range of commercial uses — flexibility that's hard to come by on this corridor.
Built for the Investor
Three rentable suites with the option to deliver fully vacant or with two long-term tenants in place — both renting well below market. CoStar pegs submarket retail rents at $25–$30/SF, leaving substantial mark-to-market upside on rollover. Pair the in-place income with a vacant suite to lease at market and you've got a true value-add play with day-one cash flow.
Investment highlights
Rare Freestanding Building — ±2,248 SF storefront on ±2,828 SF lot with 50' of frontage on high-traffic Olympic Blvd
Delivered Vacant — Take fully vacant for owner-user repositioning.
Three Separately Demised Suites — Multi-tenant configuration ideal for partial owner-occupancy with rental income offset
Highly Flexible LCM1 Zoning — LA County Commercial Manufacturing supports retail, office, studio, gallery, restaurant, light manufacturing, and artist live/work uses
High-Visibility Corridor — 26,000+ vehicles per day on Olympic Blvd, with strong daytime traffic and walk-by exposure
On-Site Parking — Rear parking accessed via alley, a rare amenity on this corridor
Strong Demographics — 235,000+ residents and 112,000+ daytime employees within a 3-mile radius
Prime Eastside Location — Minutes to Downtown LA, the Arts District, and Boyle Heights with easy access to the 5, 60, and 710 freeways
Ideal for Artists, Owner-Users & Value-Add Investors — Versatile asset suited to creative buyers, small businesses, or income-focused investors
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