656 Los Angeles St Los Angeles, CA 90014
- Manufacturing properties
- 58,500 SF
- 0.10 lot acres
Current Use by Public Records
- Discount Garage / Parking Lot
- Big Day Memories / Wedding Photographer
- FD Photo Studio LA Lofts / Photography Studio
- Solar Space DTLA / Photography Studio / Wedding Photographer
- The Advnt Society Studio / Photographer
Property Details for 656 Los Angeles St
- Year built
- 1925
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.10 lot acres
- Property size
- 58,500 SF
- Zone code
- LAC2
- Property type
- Manufacturing properties
- APN
- 5148-022-002
- APU
- 5148022002
Description
The Stanley Building, a stunning example of Beaux Arts architecture in Downtown Los Angeles, offers 58,500 square feet of creative office space. Originally constructed in the 1920s and known historically as the "Builder's Exchange Building" and later the "Terminal Building," this high-rise building now bears the name of Downtown Los Angeles philanthropist Stanley Hirsh. Designed by the renowned architectural firm Walker and Eisen (also known for the Fine Arts Building and United Artists Theater), the building boasts high ceilings and abundant natural light. Nine individual suites are currently available, ranging in size from 577 to 9,000 square feet, making it ideal for a variety of businesses. The building's rich history and modern amenities create a unique and inspiring work environment. A 30-day early extension is available for new tenants. Located in Los Angeles County, this multi-tenant building has been a vital part of the city's commercial landscape for nearly a century, and continues to thrive as a hub for creative studios and businesses. The building's enduring design features offer dynamic and beautiful spaces for diverse uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $685,000
- 6.5%
- $645,000
- 7%
- $690,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $645,000
- Geo Method
- $735,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $795,000
- Retail
- $805,000
- Mixed-Use
- $755,000
- Hospitality
- $625,000
- Educational
- $610,000
- Residential Income
- $720,000
- Energy
- $675,000
- Income-Based Land
- $755,000
- Food Service
- $660,000
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.25
- Latitude
- 34.0432
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
