731 Spring StLos Angeles, CA 90014

Property Details for 731 Spring St

Year built

1921

Construction

CONCRETE

Lot size

0.18 AC

Property size (Sq ft)

36,382 SF

Zone code

LAC5

Property type

Retail space

APN

5144-015-022

APU

5144015022

Description

This exceptional 900-square-foot creative office space is ideally situated in the heart of Los Angeles' Fashion District, on Spring Street between 7th and 8th. The property boasts real wood flooring, high ceilings, and large windows providing abundant natural light. A kitchenette, private bathroom, and a separate office or conference room enhance functionality. The building offers 24/7 access, a significant advantage for flexible work schedules. The vibrant location places the property within walking distance of a diverse array of dining and entertainment options, including a nearby food hall. Parking is readily available in nearby lots and structures (approximately $200/month) or via metered street parking. Utilities are included, and the monthly common area maintenance (CAM) fee is approximately $300. This space is perfect for creative businesses, young professionals, or anyone seeking a stylish and functional workspace in a thriving downtown location. Leases are for a minimum of one year, with the owner potentially requiring a longer-term commitment. Showings are by appointment only.

• CAP approach

  CAP return

  Valuation

  6%

  $15,774,765

  6.5%

  $14,561,322

  7%

  $13,521,227

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,434,370

  Geo Method

  $17,434,370

• Alternative Use

  Use

  Valuation

  Residential

  $12,283,020

  Hospitality

  $11,251,180

  Educational

  $9,360,850

  Medical

  $9,682,784

  Retail

  $14,561,322

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.044

Longitude

-118.253

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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