1060 Olive StLos Angeles, CA 90015

Property Details for 1060 Olive St

Year built

1911

Construction

TILT-UP CONCRETE

Lot size

0.15 AC

Property size (Sq ft)

12,598 SF

Zone code

LAR5

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5139-011-009

APU

5139011009

Description

This exceptional commercial property at 1060 S Olive St in Los Angeles, CA, offers a unique opportunity for businesses seeking prime downtown office space. Built in 1911, this two-story building boasts a total of 18,914 square feet, currently entirely vacant and available for lease. The property is zoned LA R5 and features three individual suites, with a minimum divisible space of 6,299 square feet and a maximum contiguous space of 6,316 square feet. The building sits on a 6,325 square foot lot. The property type is classified as Retail and Office, with subtypes including Executive Office and Creative Office, making it suitable for a variety of businesses. Given its location in the heart of downtown Los Angeles, the property benefits from excellent visibility and accessibility. Parking is available via contract parking. The property's historical character combined with its modern adaptability makes it an ideal location for businesses seeking a unique and prestigious address. The building's address is 1060 S Olive St, Los Angeles, CA 90015, with the APN 5139-011-009 in Los Angeles County. This is a multi-tenant property with the entire building currently available.

• CAP approach

  CAP return

  Valuation

  6%

  $4,607,680

  6.5%

  $4,253,243

  7%

  $3,949,440

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,713,235

  Geo Method

  $3,713,235

• Alternative Use

  Use

  Valuation

  Residential

  $4,253,243

  Hospitality

  $3,895,948

  Educational

  $3,241,383

  Medical

  $3,352,859

  Retail

  $5,042,151

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0408

Longitude

-118.261

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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