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  • Asking Price
    $11,500,000Asking Price
  • Property Type
    RetailProperty Type
  • Gross Leasable Area
    22,225 SFGross Leasable Area
  • Cap Rate
    6.28%Cap Rate
  • NOI
    $722,218NOI
  • GRM
    12.78GRM

Description

2711 E. Olympic Boulevard presents a rare opportunity to acquire a fully stabilized, 22,225-square-foot retail asset in the heart of Southeast Los Angeles. Constructed in 2015 and offered at $11,500,000, this property is 100% occupied under modified gross leases, generating $900,000 in annual in-place rents. With a net operating income of $722,218 and a current cap rate of 6.28%, the asset delivers immediate cash flow and long-term income stability in a high-barrier submarket.

The center benefits from disciplined expense management, with operating expenses of just $8.00 per square foot, and a gross rent multiplier of 12.78. Its modern design and flexible tenant mix cater to a broad array of retail uses—from grocery and restaurant to health club and fast-casual concepts—making it an attractive investment for 1031 exchanges, private equity funds, and high-net-worth individuals seeking predictable returns.

Situated on 1.37 acres, the property boasts excellent frontage along E. Olympic Boulevard, drawing over 47,000 vehicles per day, and providing 71 paved parking stalls at a ratio of 3.19/1,000 square feet. Zoned LAC2-1-CUGU, the site offers future redevelopment upside or expansion potential in one of L.A.’s most dynamic commercial corridors. This turnkey offering is ideally positioned for investors looking to capitalize on stable occupancy, strong market fundamentals, and robust traffic counts in Southeast Los Angeles.

Offering Summary

  • Asking Price
    $11,500,000
  • Property Type
    Retail
  • Size
    22,225 SF
  • Built
    2015
  • Total Acres
    ~1.37 ac

Sale Details

  • Cap Rate
    6.28%
  • NOI
    $722,218
  • In-Place Cap Rate
    6.28%
  • In-Place NOI
    $722,218
  • GRM
    12.78
  • In-Place Rents
    900,000

Documents

Property Address

2711 E. Olympic Boulevard
Los Angeles, CA 90023

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2015
  • Parking Ratio
    3.19 / 1,000 SF
  • Total Parking
    71
  • Operating Expenses ($/SF/yr)
    8 $/SF/yr
  • Lease Type
    Modified Gross
  • Zoning
    LAC2-1-CUGU
  • APN
    5170-019-020
  • Gross Leasable Area
    22,225 SF
  • Acres
    1.37

Deal Team

Adam Tischer profile image

Adam Tischer

Senior Vice President
Colliers
CA RE Lic. 01766213
Joshua Carrillo profile image

Joshua Carrillo

Associate
Colliers
CA RE Lic. ‍02156440
Juan Najera profile image

Juan Najera

Associate
Colliers
CA RE Lic. ‍02156321