Broadway Media Center - 316 West 2nd Street

Off-Market

316 West 2nd Street, Los Angeles, CA 90012

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

  • Property Type Office - Creative Office
  • Property Size 76,440 SF
  • Lot Size 0.63 Acre
  • Parking Spaces Avail. 84
  • Parking Ratio 1.10 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1926

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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Brokers

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Documents

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Sales

  • Purchase Date 02 May, 2003
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity 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.

  • 2022 Avg. Asking Rent $51.71
  • 2022 Office Vacancy Rate 15.62%
  • 2022 Office Completions (SF) 1,443,212

Los Angeles Office Sales Trends

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

  • 2022 Avg. Price per SF $508.07
  • Y-o-Y Avg. PpSF Change 4.89%
  • 2022 Office Sales Volume $717.9M
  • 2022 Number of Transactions 16
View more Los Angeles market trends

Location

Getting Around

  • Walk Score ®

    95/100 Walker's Paradise

  • Transit Score ®

    100/100 Rider's Paradise

  • Bike Score ®

    68/100 Bikeable
Powered by Walk Score ®
  • City Los Angeles, CA
  • Neighborhood Downtown Los Angeles
  • Zip Code 90012
  • Market Los Angeles

Points of Interest

  • Civic Center/Grand Park

    0.12 miles

  • Pershing Square

    0.22 miles

  • Pershing Square

    0.29 miles

  • 7th Street/Metro Center

    0.66 miles

  • Union Station

    0.77 miles

  • Los Angeles Union Station

    0.79 miles

  • Chinatown Station

    0.99 miles

  • Chinatown

    1.02 miles

  • Pico/Aliso

    1.28 miles

  • Pico

    1.35 miles

  • Chevron

    0.71 miles

  • Valero

    0.96 miles

  • Shell

    0.98 miles

  • Shell

    1.02 miles

  • 76

    1.42 miles

  • Chevron

    1.55 miles

  • Chevron

    1.61 miles

  • United Oil

    1.63 miles

  • Shell

    1.69 miles

  • 76

    1.71 miles

  • Angelos Plaza

    0.10 miles

  • Los Angeles Times Parking Garage

    0.10 miles

  • Paragon Parking Inc.

    0.12 miles

  • Grand Central Square Parking Garage

    0.12 miles

  • Broadway Spring Center

    0.20 miles

  • Joe's Auto Parks

    0.20 miles

  • Grand Park Parking Garage

    0.20 miles

  • Wells Fargo Center Parking Garage

    0.26 miles

  • Music Center Parking

    0.33 miles

  • Broadway Mall Parking

    0.33 miles

  • Kawada Hotel

    0.02 miles

  • Omni Los Angeles Hotel

    0.16 miles

  • St. George Hotel

    0.27 miles

  • Clark Hotel

    0.28 miles

  • Barclay Hotel

    0.28 miles

  • DoubleTree by Hilton Hotel Los Angeles Downtown

    0.32 miles

  • Rosslyn

    0.41 miles

  • King Edward Hotel

    0.42 miles

  • Millennium Biltmore Hotel

    0.42 miles

  • Baltimore Hotel

    0.45 miles

  • Redwood Bar and Grill

    0.01 miles

  • Hill Street Bar & Restaurant

    0.02 miles

  • Birds and Bees

    0.03 miles

  • Carl's Jr.

    0.10 miles

  • El Pollo Loco

    0.11 miles

  • Sbarro

    0.12 miles

  • The Blue Cube

    0.13 miles

  • (abeautifullife) Jamaican

    0.14 miles

  • Sarita's

    0.14 miles

  • Subway

    0.14 miles

  • Colburn School of Performing Arts

    0.15 miles

  • L A Barber College

    0.32 miles

  • UCLA Extension Downtown Los Angeles

    0.47 miles

  • DISKovery Center

    0.50 miles

  • Ramón C. Cortines School of Visual and Performing Arts

    0.53 miles

  • Downtown Magnets High School

    0.75 miles

  • Edward R. Roybal Learning Center

    0.75 miles

  • Miguel Contreras Learning Complex

    0.78 miles

  • Golden Gate University

    0.78 miles

  • Maryknoll School

    0.79 miles

  • Gates Early Education Center

    2.79 miles

  • HIC Daycare

    2.81 miles

  • Neighborhood Nursery School

    3.68 miles

  • Ralph M. Parsons Preschool

    3.69 miles

  • Komitas

    4.02 miles

  • Centro de Ninos

    5.07 miles

  • Vernon Adult Day Program

    5.22 miles

  • Vine Street Early Education Center

    5.23 miles

  • Codela Pre-School

    7.24 miles

  • Play Mountain Place

    7.51 miles

Frequently Asked Questions

What is the total square footage of Broadway Media Center - 316 West 2nd Street?

Broadway Media Center - 316 West 2nd Street totals 76,440 square feet.

When was this property built?

Broadway Media Center - 316 West 2nd Street was built in 1926.

When was Broadway Media Center - 316 West 2nd Street last sold?

Broadway Media Center - 316 West 2nd Street was last sold on 02 May, 2003.

What is the market value for Broadway Media Center - 316 West 2nd Street?

The market value* for Broadway Media Center - 316 West 2nd Street in 2023-2024 was $10,772,122.
*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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