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    617 Olive St Los Angeles, CA 90014

    Sponsored
    For Lease
    Contact for pricing

    Historic Art Deco, Flexible Space Available

    Lot size:
    8,483 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This stunning Art Deco high-rise in Los Angeles County offers a premier event space, perfect for a variety of functions. Currently, 3,203 square feet of versatile space is available for lease within a larger 8,483 square foot building. The total building area includes a penthouse and a substantial 12-foot kitchen area. The available space is ideal for weddings, bar mitzvahs, corporate events, film shoots, and other revenue-generating events. The venue boasts classic Art Deco décor, creating an elegant and memorable atmosphere. The space is designed to accommodate up to 122 guests comfortably. It features a blend of indoor and outdoor areas, including a dedicated reception area, multiple lounge areas, a fully equipped kitchen, a bar, and a well-appointed prep area. The rental rate is negotiable, making this a highly attractive opportunity for event planners and businesses seeking a unique and sophisticated location. The property is categorized as retail and special purpose, with multiple tenancy options. This exceptional venue presents a rare chance to secure a prime location in the heart of Downtown Los Angeles.

    Property Features for 617 Olive St

    General Information

    Property type
    Wedding venues
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,483 SF

    Unit(s) available at that property

    Space
    12th Floor Plan - Penthouse Kitchen
    Size
    3,203 SF

    HighLights

    • 8,483 SF total building area (includes penthouse & 12 ft kitchen), with 3,203 SF currently available for lease.
    • Negotiable rental rate.
    • Historic high‑rise building with classic Art Deco décor.
    • Capacity for up to 122 guests.
    • Features indoor/outdoor space, reception area, lounge areas, kitchen, bar, and prep area.
    • Suitable for weddings, bar mitzvahs, corporate events, filming, and more.
    Property Profile Location Intelligence

    Current Use by Public Records

    MR Fingerprints Fingerprinting Service Please Do Not ... Art Gallery Jesus Rodriguez Law ... Attorney Guerra & Casillas Personal Injury Attorney LAW OFFICES OF SHAWN ... Attorney

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Food Market Daycare Center Grocery Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2548779
    Latitude
    34.0478472

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    FAQs

    What type of property is this?
    Wedding venue - Historic Art Deco, Flexible Space Available
    Where is this wedding venue located?
    The property is located at 617 Olive St Los Angeles, CA.
    What are key features of this property?
    This property features: 8,483 SF total building area (includes penthouse & 12 ft kitchen), with 3,203 SF currently available for lease.; Negotiable rental rate.; Historic high-rise building with classic Art Deco décor.
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    617 Olive St Los Angeles, CA 90014
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    Los Angeles, CA 90014
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    617 Olive St Los Angeles, CA 90014
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