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408 S Spring St
Los Angeles, CA 90013
The Continental Building and Hotel Conversion · Multifamily Property For Sale
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56 Units
Investment Highlights
- Unique Opportunity to Convert the Historic Continental Building to a Luxury Boutique Hotel with Marriott, Hilton or Hyatt Franchise Affiliation
- Located in Downtown Los Angeles, the Epicenter of Business and Tourism in Southern California
- Minutes to World-Renowned Attractions, Major Employers, Accredited Educational Institutions and Award-Winning Healthcare
- The Historic Continental Building is the Tallest Building in DTLA's Historic Core, with 270-Degree Views that will Never be Blocked Due to Zoning
- Los Angeles Welcomed 50 Million Visitors in 2019 and will Host the 2028 Olympics
Property Facts
| No. Units | 56 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 77,030 SF |
| Property Subtype | Apartment | No. Stories | 13 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1904/2001 |
| Building Class | B | ||
| Zoning | LAC4 | ||
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 77,030 SF |
| No. Stories | 13 |
| Year Built/Renovated | 1904/2001 |
| Zoning | LAC4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Views
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Vintage Building
- Elevator
- Public Transportation
Property Taxes
| Parcel Number | 5149-023-011 | Improvements Assessment | $27,218,663 |
| Land Assessment | $4,685,177 | Total Assessment | $31,903,840 |
Property Taxes
Parcel Number
5149-023-011
Land Assessment
$4,685,177
Improvements Assessment
$27,218,663
Total Assessment
$31,903,840
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