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Property profile & analytics
FOR LEASE
Office buildings
400 South Hope St Los Angeles, CA 90071
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0481750
For Lease
1 / 4
$23 SF/Yr
400 South Hope St, Los Angeles, CA 90071
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
705,234 SF
Lot
1.83 ac (79,714 SF)
Zoning code
LAC2
APN
5151-017-019
UPID
US10-0481750
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Silverback Coffee of Rwanda Cafe & Coffee Shop
-
Chase Bank Bank Loan Service
-
Holland & Knight LLP Law Firm
-
CBRE Real Estate Agency
-
Amazon Premium Publisher Publishing House Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$68.86M
Owner & transaction history
Gll Bit Hope Street Partners LP · 10 yrs held
Gll Bit Hope Street Partners LP
since 2016
5 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,501,452
Tax year 2024
Assessed value
$363,843,720
Assessed 2024
Previous assessed
$363,843,720
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$45,935,992
Assessed improvement
$317,907,728
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1983
Heating
NONE
Buildings
2
Total area
705,234 SF
Lot
1.83 ac (79,714 SF)
Zoning code
LAC2
APN
5151-017-019
UPID
US10-0481750
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CA
Zoning LAC2 · permitted uses
LAC2 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Buildings
2
Lot
1.83 ac
Current owner
From public records · entity-resolved
Gll Bit Hope Street Partners LP
Entity
Free & Clear · 10 yrs held
Mailing address
420 S ORANGE AVE STE #190, ORLANDO, FL 32801-4907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2016
—
Gll Bit Hope Street Partners LP
Spus6 400 South Hope LP
Grant Deed
—
Jul 5, 2012
$234,955,000
Spus6 400 South Hope LP
400 S Hope LP
Grant Deed
$150,000,000 · Metropolitan Life Insurance
Sep 13, 2005
—
400 S Hope LP
400 South Hope Street Associates Ll
Grant Deed
$171,500,000 · Jpmorgan Chase Bank NA
Apr 8, 2003
$575,000
Jeffrey J Fowler
Sam Investments LLC
Grant Deed
$460,000 · Marina Mortgage
Jun 7, 1994
—
Olympia Yorko
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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