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    617 Olive St Los Angeles, CA 90014

    Sponsored
    For Lease
    $30 SF/Yr

    Historic building, flexible suites, prime location.

    Lot size:
    107,396 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Oviatt Building, located at 617 S Olive St in Los Angeles, CA 90014, offers 107,396 square feet of prime creative and traditional office space. This multi-tenant building currently has 15,618 square feet of vacant space available, divisible into units as small as 206 square feet, with a maximum contiguous space of 3,362 square feet. Eleven suites are currently available, ranging in size from approximately 130 square feet to 4,413 square feet, providing flexibility for businesses of various sizes. The building is zoned C5-4, Los Angeles, and its Los Angeles County Assessor's Parcel Number (APN) is 5144-004-015. This historic building presents a unique opportunity in a vibrant downtown Los Angeles location. The property's central location offers easy access to public transportation, amenities, and other key business districts. Interested parties should inquire about available suite sizes and lease terms. The building's rich history and modern amenities combine to create a desirable workspace.

    Property Features for 617 Olive St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    107,396 SF
    Total Rate
    268490

    Unit(s) available at that property

    Space
    Suite 206
    Size
    952 SF
    Rate per SF
    $33
    Space
    Suite 220
    Size
    3,362 SF
    Rate per SF
    $33
    Space
    Suite 320
    Size
    876 SF
    Rate per SF
    $33
    Space
    Suite 406
    Size
    1,016 SF
    Rate per SF
    $33
    Space
    Suite 504
    Size
    206 SF
    Rate per SF
    $33
    Space
    Suite 710
    Size
    2,700 SF
    Rate per SF
    $33
    Space
    Suite 801
    Size
    781 SF
    Rate per SF
    $33
    Space
    Suite 904
    Size
    587 SF
    Rate per SF
    $33
    Space
    Suite 1010
    Size
    4,760 SF
    Rate per SF
    $33
    Space
    Suite 1215
    Size
    965 SF
    Rate per SF
    $33

    HighLights

    • 206‑3,362 square feet available.
    • Rent: $2.50/SF (starting rate) or $2.50-$2.75/SF, full‑service gross.
    • Move‑in ready suites in a historic high‑rise building.
    • Offers both creative and traditional office spaces.
    • Secure key card elevator access.
    • Features a penthouse and ground floor restaurant.
    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?
    Office space - Historic building, flexible suites, prime location.
    Where is this office space located?
    The property is located at 617 Olive St Los Angeles, CA.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: 206-3,362 square feet available.; Rent: $2.50/SF (starting rate) or $2.50-$2.75/SF, full-service gross.; Move-in ready suites in a historic high-rise building.
    Request Owner's contact information
    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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