Park Central Bldg 412-418 W 6th St 112,418 SF 76% Leased Office Building Los Angeles, CA 90014 $38,000,000 ($338.02/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.
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
Building Size
112,418 SF
Building Class
C
Year Built
1910
Price
$38,000,000
Price Per SF
$338.02
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 | - |
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Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 5144-003-046 | Improvements Assessment | $2,886,535 |
| Land Assessment | $1,289,012 | Total Assessment | $4,175,547 |
