For Sale
$8,900,000

646 Spring St Los Angeles, CA 90012

Chinatown LA: Prime Creative Office Building

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional two-story creative office building, located at 646-654 N Spring St in Los Angeles' Chinatown, presents a compelling investment opportunity. Boasting 19,625 square feet on a 13,772 square foot lot, the property features a recent renovation showcasing historic brick timber construction, impressive 13-foot high ceilings, and custom steel-framed doors and windows. Currently 64% occupied by two tenants, the building offers a strong NOI of $552,637, with a pro-forma NOI of $786,523, resulting in a pro-forma cap rate of 8.84%. The asking price is $8,900,000, translating to $453.50 per square foot. The property is zoned C2 and benefits from its central location, offering easy access to major freeways (101 & 110), Union Station, the Metro Gold Line, and vibrant neighborhoods like the Arts District, Silver Lake, and Little Tokyo. Its walkability score is near-perfect (94/100), placing it within walking distance of a diverse culinary scene and cultural attractions. This is a rare chance to acquire a well-located, renovated creative office building with significant upside potential.

Property Details for 646 Spring St

Property type
Office properties, Office space
Square Feet
19,625 SF
Buildings
1
Stories
2

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.058745837161
Longitude
-118.23847495573

FAQs

What type of property is this?
Office property - Chinatown LA: Prime Creative Office Building
Where is the office property located?
The property is located at 646 Spring St Los Angeles, CA.
What is the asking price?
The asking price for this property is $8,900,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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646 Spring St
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