656 Los Angeles StLos Angeles, CA 90014

Property Details for 656 Los Angeles St

Year built

1925

Construction

TILT-UP CONCRETE

Lot size

0.10 AC

Property size (Sq ft)

58,500 SF

Zone code

LAC2

Property type

Manufacturing properties

APN

5148-022-002

APU

5148022002

Description

The Stanley Building, a stunning example of Beaux Arts architecture in Downtown Los Angeles, offers 58,500 square feet of creative office space. Originally constructed in the 1920s and known historically as the "Builder's Exchange Building" and later the "Terminal Building," this high-rise building now bears the name of Downtown Los Angeles philanthropist Stanley Hirsh. Designed by the renowned architectural firm Walker and Eisen (also known for the Fine Arts Building and United Artists Theater), the building boasts high ceilings and abundant natural light. Nine individual suites are currently available, ranging in size from 577 to 9,000 square feet, making it ideal for a variety of businesses. The building's rich history and modern amenities create a unique and inspiring work environment. A 30-day early extension is available for new tenants. Located in Los Angeles County, this multi-tenant building has been a vital part of the city's commercial landscape for nearly a century, and continues to thrive as a hub for creative studios and businesses. The building's enduring design features offer dynamic and beautiful spaces for diverse uses.

• CAP approach

  CAP return

  Valuation

  6%

  $36,805,700

  6.5%

  $33,974,500

  7%

  $31,547,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,799,000

  Geo Method

  $17,799,000

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $17,728,200

  Mixed-Use / Specialty

  $17,906,400

  Hospitality / Lodging

  $13,451,600

  Office

  $18,051,400

  Institutional / Educational

  $18,701,700

  Residential Income

  $21,881,000

  Multifamily

  $24,904,900

  Automotive / Energy

  $16,030,000

  Parking / Income-Based Land

  $5,293,310

  Restaurant / Food Service

  $9,828,330

  Healthcare / Senior Housing

  $18,115,200

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0432

Longitude

-118.25

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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