612 Flower StLos Angeles, CA 90017

Property Details for 612 Flower St

Year built

1949

Construction

STEEL FRAME

Lot size

1.09 AC

Property size (Sq ft)

483,140 SF

Zone code

LAC2

Property type

Residential income properties

Property subtype

High-rise multifamily apartments

APN

5144-005-124

APU

5144005124

Description

This exceptional retail opportunity is located at 612 Flower Street in the heart of Los Angeles's Financial District, Los Angeles County, CA 90017. Two spaces are available, offering flexible sizes ranging from 703 square feet to 5,110 square feet, ideal for a variety of retail or restaurant uses. The property's storefront design is perfect for businesses seeking high visibility and foot traffic. The Financial District boasts a high concentration of businesses, creating a substantial daytime population and strong demand for retail and dining options. This area is known for its pedestrian-friendly environment, achieving a gold medal Walk Score, and benefits from excellent access to public transportation and major thoroughfares, ensuring consistent foot traffic. The property's location at the intersection of luxury and convenience makes it an attractive option for businesses seeking to tap into a vibrant and affluent market. The property is classified as Retail and Restaurant, with a Storefront and Restaurant subtype, and features multiple tenancies. This presents a unique chance to establish a thriving business in a dynamic and accessible location. The property's address is 612 Flower St, Los Angeles, CA.

• CAP approach

  CAP return

  Valuation

  6%

  $176,706,976

  6.5%

  $163,114,128

  7%

  $151,463,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $142,404,544

  Geo Method

  $142,404,544

• Alternative Use

  Use

  Valuation

  Residential

  $163,114,128

  Hospitality

  $149,411,664

  Educational

  $124,308,752

  Medical

  $128,583,920

  Retail

  $193,369,168

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0495

Longitude

-118.257

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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