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The Desmond
Off-Market
425 West 11th Street, Los Angeles, CA 90015
This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.
- Property Type Office - General Office
- Property Size 85,000 SF
- Lot Size 0.68 Acre
- Parking Spaces Avail. 42
- Parking Ratio 0.50/ 1,000 SF
- Property Tenancy Single Tenant
- Building Class B
- Year Built 2014
False
Location
- City Los Angeles, CA
- Neighborhood Downtown Los Angeles
- Zip Code 90015
- Market Los Angeles
Contacts
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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 |
This is a preview. The total list of tenants and suites, along with other lease information, for this property is available on CommercialEdge
Brokers
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Documents
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Sales
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.
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
Tax
- Property Tax in 2021-2022 $897,413
- Market Value* $76,362,599
- Assessed Value $76,362,599
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 The Desmond?
The Desmond totals 85,000 square feet.
When was this property built?
The Desmond was built in 2014.
When was The Desmond last sold?
The Desmond was last sold on 21 Nov, 2018.
What is the property tax for The Desmond?
The property tax for The Desmond in 2021-2022 was $897,413.
What is the market value for The Desmond?
The market value* for The Desmond in 2021-2022 was $76,362,599.
*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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Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
