1500 South Los Angeles Street, Los Angeles, CA

Location

Map
Street

City Los Angeles, CA
Neighborhood Downtown Los Angeles
Zip Code 90015
Market Los Angeles

Contacts

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Owner

True Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Date 20 May, 2015
Purchase Price
Arm's Length True
Buyer Name

Market Trends

Average Actual Rents in Los Angeles

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Los Angeles Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $42.41
2020 Office Vacancy Rate 12.35%
2020 Office Completions (SF) 1,087,539

Los Angeles Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $403.45
Y-o-Y Avg. PpSF Change -17.20%
2020 Office Sales Volume $1.6B
2020 Number of Transactions 12

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Tax

Property Tax in 2021-2022 $57,497
Market Value* $4,892,529
Assessed Value $4,892,529

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 1500 South Los Angeles Street?

1500 South Los Angeles Street totals 39,455 square feet.

When was this property built?

1500 South Los Angeles Street was built in 1924.

When was 1500 South Los Angeles Street last sold?

1500 South Los Angeles Street was last sold on 20 May, 2015.

What is the property tax for 1500 South Los Angeles Street?

The property tax for 1500 South Los Angeles Street in 2021-2022 was $57,497.

What is the market value for 1500 South Los Angeles Street?

The market value* for 1500 South Los Angeles Street in 2021-2022 was $4,892,529.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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1500 South Los Angeles Street