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646-654 N Spring St 19,625 SF 44% Leased Office Building Los Angeles, CA 90012 $12,423,688 CAD ($633.05 CAD/SF) 6.21% Cap Rate

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EXECUTIVE SUMMARY

Custom: Historic brick timber construction. 13’-high ceilings / Steel framed doors and windows fabricated in Los Angeles
Location: Chinatown in Los Angeles offers a diverse culinary scene, ranging from David Chang’s acclaimed Majordomo to the innovative cocktails at Apothéke and the fiery flavors of Howlin’ Ray’s. Walking distance to Union Station and Metro Gold Line. Near perfect [94/100] walk score. Close to Arts District, Silver Lake and Little Tokyo. Easy access to Sunset Blvd, and the 101 & 110 Freeways .

646-654 N Spring St_Sale Setup

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Loft/Creative Space

Building Size

19,625 SF

Building Class

Year Built/Renovated

1918/2022

Price

$12,423,688 CAD

Price Per SF

$633.05 CAD

Cap Rate

6.21%

NOI

$771,437 CAD

Percent Leased

44%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

9,813 SF

Building FAR

1.41

Lot Size

0.32 AC

Zoning

LAC2 - Neighborhood Commercial

Parking

6 Spaces (0.31 Spaces per 1,000 SF Leased)

24 Hour Access

Professional, Scientific, and Technical Services
99,999 SF
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Since 1935, Perkins&Will believed that design has the power to make the world a better, more beautiful place. That’s why clients and community members on nearly every continent partner with them to design healthy, happy places in which to live, learn, work, play, and heal. They’re passionate about Living Design, a philosophy that guides their work and emphasizes poetics and beauty; conceptual clarity; research and innovation; technology and tectonics; community and inclusion; resilience and regeneration; and health and well-being.