845 South Figueroa

Property Type Office - Government Office
Property Size 105,526 SF
Lot Size 0.67 Acre
Property Tenancy Owner Occupied
Building Class B
Year Built 1969

Location

Map
Street

City Los Angeles, CA
Neighborhood Downtown Los Angeles
Zip Code 90017
Market Los Angeles

Contacts

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Owner

True Owner
Registered 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 13 Nov, 2012
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

Market Value* $5,206,982
Assessed Value $5,206,982

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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 845 South Figueroa?

845 South Figueroa totals 105,526 square feet.

When was this property built?

845 South Figueroa was built in 1969.

When was 845 South Figueroa last sold?

845 South Figueroa was last sold on 13 Nov, 2012.

What is the market value for 845 South Figueroa?

The market value* for 845 South Figueroa in 2021-2022 was $5,206,982.
*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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845 South Figueroa, Los Angeles, CA 90017 - Office Space

845 South Figueroa is located at 845 South Figueroa Street in the Downtown Los Angeles neighborhood, CA, Los Angeles, 90017. The Class B Office building was completed in 1969 and features a total of 105,526 SF.

There are 666 office spaces for lease in the Downtown Los Angeles neighborhood, totaling 6,980,270.03 SF of available office space. The office space availability for the 90017 zip code is 1,993,574 SF, in 250 office spaces. The average asking office rent per SF in Downtown Los Angeles is $37.01/SF/YR. For Class A+ office buildings the average office rate is $33.42/SF/YR, for Class A office buildings the average office rate is $36.8/SF/YR, for Class B office buildings the average office rate is $38.29/SF/YR, for Class C office buildings the average office rate is $26.29/SF/YR.

In Downtown Los Angeles, there are 123 class B office buildings. In Downtown Los Angeles, there are a total of 33 LEED certified office buildings. In 1969, the same year 845 South Figueroa was built, 476 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Los Angeles, featuring 6,033,074 square feet of commercial space. At zip code level, there are 42 commercial properties, of which 40 are office buildings over 50,000 square feet.