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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.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 9/28/2026 | Year Built | 0 |
|---|---|---|---|
| Community | ELA - East Los Angeles | County | Los Angeles |
Additional Details
| AREA | ELA - East Los Angeles |
|---|---|
| LOT | 1.27 acre(s) |
| LOT DIMENSIONS | 55320 |
| VIEW | Yes |
Location
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Listed with Keller Williams Beverly Hills
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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