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Property profile & analytics
FOR LEASE
Office buildings

515 S Figueroa St Los Angeles, CA 90071

450,412 SF 1.48 ac lot Built 1981
Individually Owned 26-yr Hold Absentee Owner Free & Clear
Property ID
US10-0480502
Property summary
AI-generated overview

This exceptional Class A executive office suite, located at 515 S Figueroa St in Los Angeles, CA 90071, presents a unique leasing opportunity. The property boasts a total of 2,113 square feet, currently entirely vacant and ready for immediate occupancy. The space is categorized as both retail and office, making it highly versatile for a variety of businesses. Situated in Los Angeles County, this single-suite building offers unparalleled convenience and accessibility within the vibrant downtown Los Angeles area. The property's "A" class designation reflects its high-quality construction and modern amenities. The entire 2,113 square feet is available for lease, providing ample space for a growing company or a business seeking a prestigious location. This is a multi-tenant building, though this particular suite is the only one available. The property's central location offers excellent visibility and easy access to major transportation routes, making it an ideal choice for businesses seeking a prominent presence in the heart of Los Angeles. Interested parties are encouraged to inquire further to explore the possibilities this exceptional space offers.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1981
Construction STEEL FRAME
Total area 450,412 SF
Lot 1.48 ac (64,602 SF)
Zoning code LAC2
APN 5151-021-011
UPID US10-0480502
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
  • Child360 Training Center
  • Kane Ballmer & Berkman Law Firm
  • Blecher Collins & Pepperman Law Firm
  • Law Offices of Choi & Associates Law Firm
  • Moneymaker & Moneymaker Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$22.77M
Owner & transaction history
Manufacturers Life Insurance · 26 yrs held
Manufacturers Life Insurance
since 1999
3 recorded transactions
2024
Price N/A
1999
$38.0M
1995
Price N/A
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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