Address
3965 E Olympic Blvd., East Los Angeles, CA
Price
$ 3,995,000
Property Attributes
- MLS#26993839
- TypeSingle Family
- Listing Status Active
- CountyLOS ANGELES
- CityEast Los Angeles
- AreaEast LA
- Zip90023
- Style
- Price$ 3,995,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.27 Acres
Data Source:
Combined LA/Westside MLS (CLAW)
Property Description
We are pleased to exclusively present a 1.27+/- Acre Development Opportunity on E. Olympic Boulevard in East Los Angeles. The property offers a rare combination of scale, flexible land use, and prominent 5 (Santa Ana) Freeway and Olympic Boulevard frontage, creating varied opportunities for Commercial, Multifamily, and Mixed-Use Development. Offered at around $72 per Square Foot of Land, the vacant, level site is located within the Metro Area Plan's East Los Angeles Community Standards District, benefiting from the County's updated development framework adopted in 2024. The property mainly carries a General Commercial (C-3) land use / zoning designation, which permits commercial development up to 1.0 FAR and residential or mixed-use development at 2050 dwelling units per net acre, with additional density potentially available through applicable state density bonus programs. However, the property is surrounded by Major Commercial (C-M) land use designation land to the immediate south, east and west, which permits far higher density of 30-150 dwelling units per net acre and a FAR of 3.0. Around 10% of the square footage is zoned R-3 (Residential). The property occupies a high-visibility corridor along E. Olympic Blvd., with frontage extending the whole block from Hicks Ave. to Ditman Ave. The site is immediately adjacent to the 5 Freeway, at the Ditman Ave. eastbound onramp and offramp, and is very visible to cars on the freeway and Olympic Blvd. On average, approximately 237,000 to 244,000 vehicles per day pass the site on the 5 Freeway, providing exceptional exposure for future residential and / or commercial developments on site. Consider a broad range of retail, restaurant, grocery, medical, and service-oriented uses, some available By Right and some requiring a Conditional Use Permit. The site's substantial frontage, freeway visibility, and surrounding population makes it particularly well positioned for a prominent Retail or Mixed-Use Project. Or consider the Affordable Housing route and maximize density, helped by the Bus network, with a stop currently just in front of the property. Bring your ideas and make them a reality on this blank canvas! Listing includes two APNs: 5242-006-018 & 5242-006-005.
| Price History | |
|---|---|
| 9/28/2026 | Listed $3,995,000 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 90023
Price
Based on information from California Regional Multiple Listing Service, Inc. as of September 28, 2026 7:07 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g.square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with
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The MLS™ I-Tech ® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in
Based on information from CRISNet MLS as of September 28, 2026 6:50 PM UTC All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The MLS™ Combined LA/Westside MLS® (CLAW): All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. Copyright ©2017 All rights reserved.
MLS Notice/Fair Housing: Properties & rentals in this MLS are subject to the Fair Housing Act. It is illegal to advertise any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation or discrimination. This MLS will not knowingly accept any advertising that is in violation of the law. All dwellings advertised are available on an equal opportunity basis. The information provided
