550 Hill StLos Angeles, CA 90013

Property Details for 550 Hill St

Year built

1981

Construction

STEEL FRAME

Lot size

1.11 AC

Property size (Sq ft)

399,256 SF

Zone code

LAC5

Property type

Office properties

Property subtype

Office buildings

APN

5149-032-019

APU

5149032019

Description

This exceptional 13,000 square foot executive office space at 550 S Hill St, Los Angeles, CA 90013, offers two available suites, each a minimum of 6,500 square feet. Located in the heart of Downtown Los Angeles, directly across from Pershing Square, this property boasts an enviable location within the International Jewelry Center, the largest jewelry building west of the Mississippi. The space features impressive 18-foot ceilings and wrap-around window frontage, maximizing natural light and providing exceptional visibility. An exclusive open-air patio adds to the property's appeal. The building is surrounded by a thriving retail and wholesale jewelry community, with over 400 businesses operating within. The high pedestrian traffic and proximity to numerous hotels, residential developments, and renowned restaurants make this a truly exceptional opportunity. The property is easily accessible via street parking and nearby metro stations. This flagship location presents a unique chance to establish a prominent presence in one of Los Angeles' most dynamic areas. The building is situated in Los Angeles County and offers a total of 13,000 square feet with a maximum contiguous space of 6,500 square feet. Currently, the entire 13,000 square feet is vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $117,763,432

  6.5%

  $108,704,704

  7%

  $100,940,088

• Comparable approach

  Method

  Valuation

  Relative Method

  $75,922,520

  Geo Method

  $75,922,520

• Alternative Use

  Use

  Valuation

  Residential

  $134,793,840

  Hospitality

  $123,470,432

  Educational

  $102,725,944

  Medical

  $106,258,848

  Retail

  $159,795,920

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0476

Longitude

-118.252

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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