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350 S Hill St
Los Angeles, CA 90013
4th & Hill · Multifamily Property For Sale
·
428 Units
INVESTMENT HIGHLIGHTS
- $1.00 ride on Angels Flight Railroad to access 6 million square feet of Class A+ office space, Walt Disney Concert Hall, The Grand Shopping Center and
- Adjacent to highest-selling $/SF condo project in DTLA: Perla.
- Rent and occupancy trends have stabilized and are now moving upward | Los Angeles continues to experience seemingly never-ending housing shortages.
- Sits above MetroRail Red Line access portal & retail amenities.
- Hottest development block in DTLA: over $2 billion in current investment. Includes the Citizen M Hotel, HWH Luxury Lofts, The Continental Hotel and Ca
- Owned and entitled by large, publicly traded REIT.
EXECUTIVE SUMMARY
Option 1
350 Hill is a permit ready, 31-story mixed-use urban infill development site consisting of 428 multifamily residential units, 5,610 SF of commercial use (including an approximate 2,980-SF leasing office and up to 2,630 SF of neighborhood-serving retail). Amenities for tenants designed into the project include up to 47,151 SF of common space including a sky deck, business lounge, club room and fitness center.
Located directly over Metro’s 4th/Hill Red and Purple Line Portal, this Tier 4 TOC project has direct access to public transit and parks up to 375 cars and 512 bike stalls.
The 31-story building would be 405 feet high; the architectural beacon would reach the maximum building height of 410 feet.
Option 2
350 Hill has the potential to pivot towards a Type III construction project for mixed use urban infill development site consisting of 178 multifamily residential units, 2,400 SF of commercial use. A yield study shows the potential amenities for tenants could include 4,300 SF of open space, and 900 SF for a club room.
This option provides developers the opportunity to construct and own a multifamily project in the heart of DTLA, without the risk and cost of Type I construction development.
350 Hill is a permit ready, 31-story mixed-use urban infill development site consisting of 428 multifamily residential units, 5,610 SF of commercial use (including an approximate 2,980-SF leasing office and up to 2,630 SF of neighborhood-serving retail). Amenities for tenants designed into the project include up to 47,151 SF of common space including a sky deck, business lounge, club room and fitness center.
Located directly over Metro’s 4th/Hill Red and Purple Line Portal, this Tier 4 TOC project has direct access to public transit and parks up to 375 cars and 512 bike stalls.
The 31-story building would be 405 feet high; the architectural beacon would reach the maximum building height of 410 feet.
Option 2
350 Hill has the potential to pivot towards a Type III construction project for mixed use urban infill development site consisting of 178 multifamily residential units, 2,400 SF of commercial use. A yield study shows the potential amenities for tenants could include 4,300 SF of open space, and 900 SF for a club room.
This option provides developers the opportunity to construct and own a multifamily project in the heart of DTLA, without the risk and cost of Type I construction development.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
SITE AMENITIES
- On-Site Retail
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 428 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $9,606 | |
| Land Assessment | $15,614,840 | Total Assessment | $15,624,446 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$15,614,840
Improvements Assessment
$9,606
Total Assessment
$15,624,446
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