The Olympic Theatre, a shuttered 600-seat theater between South Broadway and Hill Street, has been listed for sale for $2.3 million. According to Cinema Treasures, architect Lewis A. Smith did the remodel of the 1927 theatre, which was part of Lou Bard's chain of movie houses. "In 1932 the theatre was renamed Olympic Theatre to commemorate Los Angeles hosting the Olympic Games that year. The theatre was remodeled in 1942 by architect Charles O. Matcham. During the later years Metropolitan Theatres ran this theatre as a Spanish language house. The theatre itself appears in movies including "The Omega Man"(1971) starring Charlton Heston." It eventually closed in 1986, and more recently has held a furniture and chandelier store--this web site, Historical Downtown Theaters, has some more recent photos, as well as more information about what other theaters were owned by Bard. Meanwhile, that other downtown theater, the Jesus Saves building, is still available for $15 million.
· Olympic Theater [Cinema Treaures]
· Olympic Theater [Loopnet]