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    633 Spring St Los Angeles, CA 90014

    For Sale
    $5,500,000

    Historic Core, 105K+ SF, High-Demand Location

    Property size:
    105,841 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 9,307 square foot commercial land parcel, located at 633 S Spring St in Los Angeles' Historic Core (zip code 90014), presents a unique redevelopment opportunity. The property boasts a substantial 105,841 square feet of buildable area across 28 stories, permitted under C5-4D zoning. Currently operating as an income-producing parking lot with 71 spaces, this site benefits from its central location within the Historic Core, close to major amenities and attractions. The high demand for parking in this vibrant area, coupled with the stabilizing hotel market and proximity to UCLA's new Downtown campus, makes this a compelling investment. The APN is 5144-002-012. This is a rare chance to acquire a large, well-situated parcel in a rapidly developing area of Downtown Los Angeles, offering significant potential for future development as market conditions continue to improve. The asking price for this exceptional property is $5,500,000.

    Property Features for 633 Spring St

    General Information

    Property type
    Land
    Square Feet
    105,841 SF

    Building Details

    Stories
    28

    HighLights

    • Income‑producing parking lot with 71 spaces.
    • Downtown Los Angeles (DTLA) hotel market stabilizing.
    • Proximity to UCLA's new Downtown campus.
    • High‑demand parking lot in a prime DTLA location.
    • Favorable construction timeline as the market recovers.
    • Centrally located in DTLA's Historic Core, near major amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    China Town Dental ... Dentist Dr. Lee C. ... Dentist Nguyen David H ... Internist Amy's Bakery Bakery Thien Nguyen Dentist

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Food Market Daycare Center Clothing 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
    -118.25170987644
    Latitude
    34.04519265095

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    FAQs

    What type of property is this?
    Land - Historic Core, 105K+ SF, High-Demand Location
    Where is this land located?
    The property is located at 633 Spring St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: Income-producing parking lot with 71 spaces.; Downtown Los Angeles (DTLA) hotel market stabilizing.; Proximity to UCLA's new Downtown campus.
    (213) 500-6743
    Request Owner's contact information
    633 Spring 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
    633 Spring St Los Angeles, CA 90014
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