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Property profile & analytics
FOR LEASE
Office buildings
550 South Hope St Los Angeles, CA 90071
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US10-0481754
For Lease
Contact for pricing
550 South Hope St, Los Angeles, CA 90071
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1990
Construction
STEEL FRAME
Total area
628,312 SF
Lot
1.14 ac (49,697 SF)
Zoning code
LAC2
APN
5151-026-024
UPID
US10-0481754
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
-
Murphy Pearson Bradley & Feeney Law Firm
-
HUBCities Technologies (Bike/Boat/Book/etc) Store Corporate Office
-
Shumener, Odson & Oh LLP Law Firm
-
Malibu Commerce (Bike/Boat/Book/etc) Store Corporate Office
-
SullivanCurtisMonroe Insurance Services, LLC Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$52.06M
Owner & transaction history
Off 550 South Hope Stree Ppf · 11 yrs held
Off 550 South Hope Stree Ppf
since 2014
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
$83 / 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
$3,429,460
Tax year 2024
Assessed value
$275,765,810
Assessed 2024
Previous assessed
$275,765,810
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$29,280,378
Assessed improvement
$246,485,432
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 (MULTI-STORY)
Status
For Lease
Year built
1990
Construction
STEEL FRAME
Heating
NONE
Total area
628,312 SF
Lot
1.14 ac (49,697 SF)
Zoning code
LAC2
APN
5151-026-024
UPID
US10-0481754
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
1990
Construction
STEEL FRAME
Heating
NONE
Lot
1.14 ac
Current owner
From public records · entity-resolved
Off 550 South Hope Stree Ppf
Individual
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2014
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
Dec 24, 2014
$240,000,000
Off 550 South Hope Stree Ppf
550 South Hope Owner LLC
Grant Deed
—
Apr 27, 2011
$39,341,000
550 South Hope Owner LLC
Maguire Props-550 South Hope L
Grant Deed
—
Apr 26, 2007
—
Maguire Properties 550 South Hope L
Ca 550 South Hope Street LP
Grant Deed
$200,000,000 · Greenwich Capital Financial Product
Oct 6, 1997
—
Eop-550 South Hope Street LLC
Obayashi Corp
Grant Deed
related
—
Jan 14, 1994
$21,506,272
Obayashi Corp
—
Grant Deed
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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