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Bankruptcy Sale: 2-Story Office With Parking 3625 W 6th St 27,500 SF 100% Leased Office Building Los Angeles, CA 90020 $9,575,889 CAD ($348.21 CAD/SF)
Investment Highlights
- 2-Story Office Building With Abundant Fenced Parking
- Heavy Traffic Signalized Corner With Fantastic Signage and Exposure
- Bankruptcy Sale Subject to Bankruptcy Court Approval and Overbid, and the Property will Be Sold “As-Is”
- Existing Use is Hyundae Health Center Korean Spa
- Prime Koreatown Location One Block West of Normandie Avenue
Executive Summary
This two-story office building, currently operating as the Hyundae Health Center Korean Spa, is being offered as a bankruptcy sale and presents a unique value-add opportunity in the heart of Koreatown. The property features a passenger elevator and a gated parking lot accommodating approximately 70 vehicles. Ideally situated on a high-visibility, signalized corner with traffic counts of ±25,176 vehicles per day (2025), the site is located one block west of Normandie Avenue and one block north of Wilshire Boulevard, providing excellent access to the 101, I-10, and 110 freeways. Zoned LAC2-1 and designated as TOC Tier 4, the property offers strong redevelopment potential and is located within a Qualified Opportunity Zone, providing potential tax advantages. The sale is subject to bankruptcy court approval and overbid, and the property will be sold “as-is.”
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Distress Sale
Property Type
Building Size
27,500 SF
Building Class
B
Year Built
1955
Price
$9,575,889 CAD
Price Per SF
$348.21 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
17,500 SF
Slab To Slab
11’
Building FAR
0.82
Lot Size
0.77 AC
Opportunity Zone
Yes
Zoning
LA C2-1
Parking
81 Spaces (3 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
- Security System
- Signage
- Wheelchair Accessible
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Dream Sushi & Roll
- Professional, Scientific, and Technical Services
- -
- -
- -
- Hyun Dae Health Center
- Arts, Entertainment, and Recreation
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Dream Sushi & Roll | Professional, Scientific, and Technical Services | - | - | - | ||
| Hyun Dae Health Center | Arts, Entertainment, and Recreation | - | - | - |
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5502-017-021 | Improvements Assessment | $553,987 CAD |
| Land Assessment | $2,216,012 CAD | Total Assessment | $2,769,999 CAD |
Property Taxes
Parcel Number
5502-017-021
Land Assessment
$2,216,012 CAD
Improvements Assessment
$553,987 CAD
Total Assessment
$2,769,999 CAD
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Bankruptcy Sale: 2-Story Office With Parking | 3625 W 6th St
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