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2706 Media Center Drive

Off-Market

2706 Media Center Drive, Los Angeles, CA 90065

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Flex - Office
  • Property Size 83,252 Sqft
  • Lot Size 4.43 Acre
  • Parking Spaces Avail. 208
  • Parking Ratio 2.50/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2001

Location

  • City Los Angeles, CA
  • Neighborhood Glassell Park
  • Zip Code 90065
  • 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 17 Nov, 2016
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

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
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/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 (Sqft) 1,087,539

Los Angeles Office Sales Trends

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

  • 2020 Avg. Price per Sqft $403.45
  • Y-o-Y Avg. PpSF Change -17.20%
  • 2020 Office Sales Volume $1.6B
  • 2020 Number of Transactions 12
View more Los Angeles market trends

Tax

  • Property Tax in 2021-2022 $246,769
  • Market Value $20,998,004
  • Assessed Value $20,998,004

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 2706 Media Center Drive?

2706 Media Center Drive totals 83,252 square feet.

When was this property built?

2706 Media Center Drive was built in 2001.

When was 2706 Media Center Drive last sold?

2706 Media Center Drive was last sold on 17 Nov, 2016.

What is the property tax for 2706 Media Center Drive?

The property tax for 2706 Media Center Drive in 2021-2022 was $246,769.

What is the market value for 2706 Media Center Drive?

The market value for 2706 Media Center Drive in 2021-2022 was $20,998,004.

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