601 Main StLos Angeles, CA 90014

  • Retail properties
  • 25,530 SF
For Sale

Property Details for 601 Main St

Year built
1981
Lot size
0.59 AC
Property size (Sq ft)
25,530 SF
Zone code
LAC2
Property type
Retail properties
Property subtype
Parking lots & garages
APN
5144-001-010
APU
5144001010

Description

This exceptional 38-story mixed-use property, located at 601 S Main St, Los Angeles, CA 90014, boasts 452 residential units and 21,514 square feet of commercial space. The building features a total floor area of 551,349 square feet and stands at 390 feet 3 inches tall. Parking is ample, with 860 stalls and 619 bicycle spaces available across one subterranean and seven above-grade levels. Residents enjoy access to a 7th-floor amenity deck, a substantial 28,115 square foot roof deck, and a covered roof lounge and gym on the 38th floor. The property sits on a 1.4-acre lot (APN: 5144-001-010

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $11,069,478
    6.5%
    $10,217,980
    7%
    $9,488,124
  • Comparable approach

    Method
    Valuation
    Relative Method
    $12,234,058
    Geo Method
    $12,234,058
  • Alternative Use

    Use
    Valuation
    Residential
    $8,619,248
    Hospitality
    $7,895,185
    Educational
    $6,568,702
    Medical
    $6,794,609
    Retail
    $10,217,980
601 Main St, Los Angeles, California

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0452
Longitude
-118.25
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$121,997
$8,277,229
$6,691
$8,283,920
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