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 TypeRetail
- Size22,225 SF
- Built2015
- Total Acres~1.37 ac
Sale Details
- Cap Rate6.28%
- NOI$722,218
- In-Place Cap Rate6.28%
- In-Place NOI$722,218
- GRM12.78
- In-Place Rents900,000
Documents
Property Address
Property Details
- Property TypeRetail
- Occupancy100%
- Year Built2015
- Parking Ratio3.19 / 1,000 SF
- Total Parking71
- Operating Expenses ($/SF/yr)8 $/SF/yr
- Lease TypeModified Gross
- ZoningLAC2-1-CUGU
- APN5170-019-020
- Gross Leasable Area22,225 SF
- Acres1.37
Deal Team





