318 9Th StLos Angeles, CA 90015

Property Details for 318 9Th St

Year built

1924

Construction

TILT-UP CONCRETE

Lot size

0.30 AC

Property size (Sq ft)

124,374 SF

Zone code

LAR5

Property type

Office buildings

APN

5139-004-025

APU

5139004025

Description

This exceptional 3,000-square-foot creative office space is located in a highly desirable Downtown Los Angeles location, at the corner of 9th and Olive Streets. Situated in a twelve-story building, this unit offers a unique warehouse-style interior perfect for creative businesses. Previously used by sewing factories, the space presents a blank canvas for customization. While the building boasts a polished exterior, the interior offers a raw, industrial aesthetic. Enjoy awesome city views from select units. The building features three passenger elevators, on-site management, and 24/7 access. All utilities are included in the rent, making budgeting simple. Note that tenants are responsible for their own portable AC units (no window units allowed) and parking (public lots and structures are readily available at a cost of $200+ monthly). While the building itself has no dedicated parking, ample public parking options exist nearby. Minimum lease term is one year, but longer lease terms may be required by the owner. Showings are by appointment only. Los Angeles County location.

• CAP approach

  CAP return

  Valuation

  6%

  $36,685,008

  6.5%

  $33,863,084

  7%

  $31,444,292

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,650,960

  Geo Method

  $23,650,960

• Alternative Use

  Use

  Valuation

  Residential

  $41,990,224

  Hospitality

  $38,462,820

  Educational

  $32,000,614

  Medical

  $33,101,164

  Retail

  $49,778,732

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0434

Longitude

-118.258

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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