3965 E Olympic Blvd.
East Los Angeles, CA 90023
Listing broker / agent: Keller Williams Beverly Hills · Dario Svidler · CRMLS
MLS # 26993839 · Last checked Oct 19, 2026 15:15 UTC
About this property
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 details
- MLS number
- 26993839
- Status
- Active
- Type
- Land
- Lot size
- 1.27 acres
- County
- Los Angeles
More property detailsCollapse
Listing
- Days on market
- 8
Bathrooms
- Full bathrooms
- 0
- Half bathrooms
- 0
- Three-quarter bathrooms
- 0
- Quarter bathrooms
- 0
Exterior & parking
- Total parking spaces
- 0
- Lot size source
- Assessor
Fees & lease terms
- Association
- No
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Eastman Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.2 mi |
| Extera Public School No. 2 (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.3 mi |
| Amanecer Primary Center (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–2 | 0.4 mi |
| KIPP Academy of Innovation (school website, opens in a new tab) Los Angeles Unified · Los Angeles | 5–8 | 0.4 mi |
| Robert Louis Stevenson College and Career Preparatory (school website, opens in a new tab) Los Angeles Unified · Los Angeles | 6–8 | 0.6 mi |
| Rowan Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.6 mi |
| Oscar De La Hoya Animo Charter High (school website, opens in a new tab) Los Angeles Unified · Los Angeles | 9–12 | 0.8 mi |
| Lorena Street Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.9 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $3,995,000
- MLS-reported original asking price
- $3,995,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 06:01 | $3,995,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in East Los Angeles
Active residential homes for sale in East Los Angeles, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
2 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-19 15:46 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
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Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗