619-623 Olive St Los Angeles, CA 90014
This exceptional Downtown Los Angeles office property, situated in the Central Business District, offers a unique blend of historic charm and modern functionality. The two-building complex, totaling 32,000 square feet, boasts a prime location, just one block from the immigration court and two blocks from Bottega Louie, providing easy access to a vibrant array of dining, shopping, and entertainment options. Built in 1907 and renovated in 1985, the four-story building features exposed brick walls, updated faux wood flooring, and raw wood window frames, creating a stylish and inspiring work environment. All spaces benefit from abundant natural light and smooth ceilings with recessed lighting. Modern amenities include central HVAC and a security guard during business hours, along with two shared restrooms per floor. The property offers 24/7 access, a significant advantage for businesses requiring flexible hours. One passenger elevator serves the building. This particular unit includes two private offices, a conference room, and two open areas suitable for reception and administrative functions, though all legal and permitted uses are acceptable. Parking is available in a nearby structure for a monthly fee. The property is zoned C2 and is classified as Class C. Minimum lease terms are one year, though longer lease terms may be preferred by the owner. Showings are by appointment only.
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
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No recorded transactions found for this property.
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