617 Olive StLos Angeles, CA 90014

Property Details for 617 Olive St

Year built

1928

Construction

STEEL FRAME

Lot size

0.23 AC

Property size (Sq ft)

99,019 SF

Zone code

LAC2

Property type

Office properties

Property subtype

Office buildings

APN

5144-004-015

APU

5144004015

Description

The Oviatt Building, located at 617 S Olive St in Los Angeles, CA 90014, offers 107,396 square feet of prime creative and traditional office space. This multi-tenant building currently has 15,618 square feet of vacant space available, divisible into units as small as 206 square feet, with a maximum contiguous space of 3,362 square feet. Eleven suites are currently available, ranging in size from approximately 130 square feet to 4,413 square feet, providing flexibility for businesses of various sizes. The building is zoned C5-4, Los Angeles, and its Los Angeles County Assessor's Parcel Number (APN) is 5144-004-015. This historic building presents a unique opportunity in a vibrant downtown Los Angeles location. The property's central location offers easy access to public transportation, amenities, and other key business districts. Interested parties should inquire about available suite sizes and lease terms. The building's rich history and modern amenities combine to create a desirable workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $29,206,366

  6.5%

  $26,959,724

  7%

  $25,034,028

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,829,454

  Geo Method

  $18,829,454

• Alternative Use

  Use

  Valuation

  Residential

  $33,430,056

  Hospitality

  $30,621,752

  Educational

  $25,476,938

  Medical

  $26,353,130

  Retail

  $39,630,792

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0478

Longitude

-118.255

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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