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Sears Historic Mail Order Building

Off-Market

2650 East Olympic Blvd, Los Angeles, CA 90023

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

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 250,000 SF
  • Lot Size 12.83 Acre
  • Parking Spaces Avail. 552
  • Parking Ratio 2.21/ 1,000 SF
  • Property Tenancy Vacant
  • Building Class C
  • Year Built 1927

Location

  • Walk Score ® Very Walkable (76)
  • Transit Score ® Good Transit (56)
  • Bike Score ® Bikeable (65)
Powered by Walk Score ®
  • City Los Angeles, CA
  • Neighborhood Boyle Heights
  • Zip Code 90023
  • Market Los Angeles

Points of Interest

Washington

1.29 miles

Soto

1.47 miles

Soto Station

1.47 miles

Mariachi Plaza Metro Station Entrance

1.60 miles

Mariachi Plaza

1.60 miles

Pico/Aliso

1.63 miles

Indiana

1.80 miles

Vernon

1.93 miles

San Pedro Street

2.00 miles

Los Angeles Union Station

2.30 miles

Mobil

0.30 miles

Shell

0.49 miles

76

1.03 miles

Mobil

1.07 miles

Valero

1.22 miles

Shell

1.31 miles

Valero

1.51 miles

Shell

1.60 miles

Shall Gas

1.66 miles

Chrevron

2.12 miles

East 8th Street

1.04 miles

CG LOT

1.63 miles

Beacon lot

1.64 miles

SFXJCC LOT

1.72 miles

LUNA LOT

1.75 miles

Centenary United Methodist Church Parking Lot

1.78 miles

Metro Park and Ride

1.83 miles

City of Los Angeles Personnel Department, Medical Services Division

1.93 miles

Southern California Flower Market Parking Garage

2.02 miles

Unified Parking Service Inc.

2.04 miles

Puertos Del Pacifico

0.20 miles

Carl's Jr.

0.51 miles

Mariscos Jalisco Food Truck

0.53 miles

El Borrego De Oro Restaurant

0.79 miles

Bestia

0.79 miles

Yangban Society

0.83 miles

Detroit Vesey's

0.90 miles

The House of Machines

0.91 miles

Ganchic

0.93 miles

Tony's Saloon

0.93 miles

B&H Foods

1.10 miles

Little Tokyo Market Place

1.74 miles

Alameda Swap Meet

1.85 miles

El Super

2.06 miles

Little Tokyo Mall

2.06 miles

Marukai Market

2.17 miles

Superior Grocers

2.25 miles

Ross

2.35 miles

Burlington

2.36 miles

Fallas Paredes

2.37 miles

Los Angeles Fire Department Fire Station 17

0.53 miles

Los Angeles Fire Department Fire Station 25

0.90 miles

City of Vernon Fire Station #2

1.41 miles

City of Vernon Police Department

1.47 miles

Hollenbeck Community Police Station

1.50 miles

Walgreens

1.75 miles

White Memorial Medical Center

1.75 miles

Los Angeles Fire Department Fire Station 9

1.92 miles

Los Angeles Fire Department Fire Station 4

1.96 miles

Joshua House Health Center

1.99 miles

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 20 Nov, 2013
  • 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
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 (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
View more Los Angeles market trends

Tax

  • Property Tax in 2021-2022 $517,180
  • Market Value* $44,007,834
  • Assessed Value $44,007,834

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

*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 Sears Historic Mail Order Building?

Sears Historic Mail Order Building totals 250,000 square feet.

When was this property built?

Sears Historic Mail Order Building was built in 1927.

When was Sears Historic Mail Order Building last sold?

Sears Historic Mail Order Building was last sold on 20 Nov, 2013.

What is the property tax for Sears Historic Mail Order Building?

The property tax for Sears Historic Mail Order Building in 2021-2022 was $517,180.

What is the market value for Sears Historic Mail Order Building?

The market value* for Sears Historic Mail Order Building in 2021-2022 was $44,007,834.
*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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