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Property profile & analytics
FOR LEASE
Office buildings

617 S Olive St Los Angeles, CA 90014

99,019 SF 0.23 ac lot Built 1928
Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-6494158
Property summary
AI-generated overview

The Oviatt Building, located at 617 S Olive St in Los Angeles, CA 90014, offers 107,396 square feet of prime creative and traditional office space. This multi-tenant building currently has 15,618 square feet of vacant space available, divisible into units as small as 206 square feet, with a maximum contiguous space of 3,362 square feet. Eleven suites are currently available, ranging in size from approximately 130 square feet to 4,413 square feet, providing flexibility for businesses of various sizes. The building is zoned C5-4, Los Angeles, and its Los Angeles County Assessor's Parcel Number (APN) is 5144-004-015. This historic building presents a unique opportunity in a vibrant downtown Los Angeles location. The property's central location offers easy access to public transportation, amenities, and other key business districts. Interested parties should inquire about available suite sizes and lease terms. The building's rich history and modern amenities combine to create a desirable workspace.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1928
Construction STEEL FRAME
Total area 99,019 SF
Lot 0.23 ac (9,807 SF)
Zoning code LAC2
APN 5144-004-015
UPID US09-6494158
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
  • MR Fingerprints Fingerprinting Service Notary Public
  • Please Do Not Enter Art Gallery Boutique
  • Jesus Rodriguez Law Offices Law Firm
  • Guerra & Casillas Law Firm
  • LAW OFFICES OF SHAWN BEAM 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
$23.71M
Owner & transaction history
617 Olive LLC · 18 yrs held
617 Olive LLC
since 2007
4 recorded transactions
2007
Price N/A
2003
Price N/A
1996
Price N/A
1969
Price N/A
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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