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    550 Hill St Los Angeles, CA 90013

    Sponsored
    For Lease
    Contact for pricing

    Prime location, 13,000 sq ft, two suites available

    Lot size:
    13,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 13,000 square foot executive office space at 550 S Hill St, Los Angeles, CA 90013, offers two available suites, each a minimum of 6,500 square feet. Located in the heart of Downtown Los Angeles, directly across from Pershing Square, this property boasts an enviable location within the International Jewelry Center, the largest jewelry building west of the Mississippi. The space features impressive 18-foot ceilings and wrap-around window frontage, maximizing natural light and providing exceptional visibility. An exclusive open-air patio adds to the property's appeal. The building is surrounded by a thriving retail and wholesale jewelry community, with over 400 businesses operating within. The high pedestrian traffic and proximity to numerous hotels, residential developments, and renowned restaurants make this a truly exceptional opportunity. The property is easily accessible via street parking and nearby metro stations. This flagship location presents a unique chance to establish a prominent presence in one of Los Angeles' most dynamic areas. The building is situated in Los Angeles County and offers a total of 13,000 square feet with a maximum contiguous space of 6,500 square feet. Currently, the entire 13,000 square feet is vacant and ready for immediate occupancy.

    Property Features for 550 Hill St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,000 SF

    Unit(s) available at that property

    Space
    First Floor
    Size
    6,500 SF
    Space
    Patio
    Size
    6,500 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    ReeLand Investments Real Estate Agency Express refrigeration/ heating ... Air Conditioning Repair Service Golden State Jewelry Wholesale Jeweler Wonder Jewelers Jeweler Laras Jewelry Jewelry Store

    Suggested Use

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

    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
    -118.2524339
    Latitude
    34.0475559

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    FAQs

    What type of property is this?
    Restaurant - Prime location, 13,000 sq ft, two suites available
    Where is this restaurant located?
    The property is located at 550 Hill St Los Angeles, CA.
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    550 Hill St Los Angeles, CA 90013
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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
    550 Hill St Los Angeles, CA 90013
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