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216 S Spring 216 S Spring St 13,900 SF Office Building Los Angeles, CA 90012 $4,900,000 ($352.52/SF)
INVESTMENT HIGHLIGHTS
- Owner/User or Multifamily Development Opportunity
EXECUTIVE SUMMARY
Cushman & Wakefield of California, Inc. as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 216 S Spring Street, Los Angeles, CA 90012 (the “Property”), a one-story, freestanding 13,900 square foot concrete building originally built in 1950. The Property includes a loading dock on Harlem Alley in the rear of the building.
The Property is conveniently located in the Bunker Hill submarket of Downtown Los Angeles just north of the Grand Central Market. The Property is within walking distance to the Civic Center/Grand Park Metro Station. The Property is also right next to several notable Downtown Los Angeles parks, including Pershing Square and Grand Park.
216 S. Spring also presents the unique opportunity to build 120 units that have been thoughtfully designed with the modern city dweller in mind. Located in close proximity to an abundance of amenities, public transit options and some of the most prominent employers in the City, this is a site that offers businesses and companies to own a uniquely sized property that can be easily retrofitted for a variety of uses.
The Property is conveniently located in the Bunker Hill submarket of Downtown Los Angeles just north of the Grand Central Market. The Property is within walking distance to the Civic Center/Grand Park Metro Station. The Property is also right next to several notable Downtown Los Angeles parks, including Pershing Square and Grand Park.
216 S. Spring also presents the unique opportunity to build 120 units that have been thoughtfully designed with the modern city dweller in mind. Located in close proximity to an abundance of amenities, public transit options and some of the most prominent employers in the City, this is a site that offers businesses and companies to own a uniquely sized property that can be easily retrofitted for a variety of uses.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
13,900 SF
Building Class
C
Year Built
1950
Price
$4,900,000
Price Per SF
$352.52
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,900 SF
Building FAR
1.09
Lot Size
0.29 AC
Zoning
C2-4D - Commercial
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Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 5149-007-005 | Improvements Assessment | $109,363 |
| Land Assessment | $6,015,052 | Total Assessment | $6,124,415 |
PROPERTY TAXES
Parcel Number
5149-007-005
Land Assessment
$6,015,052
Improvements Assessment
$109,363
Total Assessment
$6,124,415
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216 S Spring | 216 S Spring St
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