448 Hill St Los Angeles, CA 90013
The Pershing Square Building, a magnificently restored 16-story high-rise (153,000 total square feet) at 448 S Hill Street in Downtown LA's vibrant submarket, offers a unique blend of historic charm and modern convenience. Built in 1924 and renovated in 2007, this Class B building provides flexible office spaces ranging from 99 to 11,603 square feet, with a minimum divisible space of 1,134 square feet and a maximum contiguous space of 10,200 square feet. The building boasts four modernized historic elevators, operable windows, and on-site property management. Tenants enjoy exclusive daytime access to a rooftop deck with complimentary Wi-Fi and 360-degree city views before the public opening of Perch Rooftop Restaurant & Bar, which, along with Mrs. Fish Restaurant & Bar, are located within the building. A newly remodeled tenant lounge (with Wi-Fi and complimentary coffee/espresso) is also available. The building's central location, near a Metro stop and major freeways, offers easy access to the Civic Center, Historic Core, and numerous dining and entertainment options. The building sits on a 54,150-acre lot and offers innovative work experiences in tenant-ready creative office suites. A VIP tenant discount is available at the on-site restaurants.
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Mrs. Fish Restaurant
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The Noon Company (Bike/Boat/Book/etc) Store Corporate Office
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Institute For the Development Association Or Organization
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Bar Thirteen Bar & Pub
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DHE Corporation General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.