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Park Central Bldg 412-418 W 6th St

112,418 SF 76% Leased Office Building Los Angeles, CA 90014 $38,000,000 ($338/SF) 2.23% Cap Rate

Investment Highlights

  • Jewelry District
  • 112,418 square feet Building
  • 14 Stories Building
  • F1 Permits
  • Pershing Square
  • Water Treatment System

Executive Summary

412 W 6th Street (office and retail building) is situated in the vibrant jewelry district of Downtown Los Angeles, known for its bustling
commercial activity and central location. The property spans an impressive 112,418 square feet. With its significant square footage,
the building presents excellent opportunities for leasing office spaces in a prime location. The property holds F1 permits, allowing
for various commercial activities such as retail, office use, and jewelry manufacturing – offering the potential for stable rental
income, capital appreciation, and future growth. The property might have the potential to convert into a Hotel or residential.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
112,418 SF
Building Class
C
Year Built
1910
Price
$38,000,000
Price Per SF
$338
Cap Rate
2.23%
NOI
$848,415
Percent Leased
76%
Tenancy
Multiple
Building Height
14 Stories
Typical Floor Size
8,000 SF
Building FAR
11.22
Lot Size
0.23 AC
Zoning
LAC5-4 - Commercial

Amenities

  • Bus Line
  • Commuter Rail
  • Food Service
  • Property Manager on Site

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • A To Z Jewelry Tools & Supply, Inc
  • Retailer
  • 6,300 SF
  • $2.00
  • Modified Gross
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
A To Z Jewelry Tools & Supply, Inc Retailer 6,300 SF $2.00 Modified Gross -
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5144-003-046
Land Assessment
$1,289,012
Improvements Assessment
$2,886,535
Total Assessment
$4,175,547
  • Listing ID: 28875939

  • Date on Market: 6/28/2023

  • Last Updated:

  • Address: 412-418 W 6th St, Los Angeles, CA 90014

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