3965 E. Olympic Blvd

A vacant lot on East Olympic Boulevard in East Los Angeles, running the block from Hicks Avenue to Ditman Avenue and sitting at the Ditman on- and off-ramp of the 5 Freeway.

The offering is $3,995,000, described as about $72 per square foot of land. Published lot size is 1.27± acres. APN 5242-006-018 is described as about 50,000 square feet and zoned C-3. APN 5242-006-005 is described as about 6,000 square feet and zoned R-3. The memorandum calls the project preliminary and not ready to issue.

The C-3 designation is described as allowing commercial development up to 1.0 FAR, and residential or mixed-use development at 20–50 dwelling units per net acre, with further density only through programs a buyer would confirm. The memorandum also notes that surrounding land carries a C-M designation.