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The Merritt Building

Off-Market

301 West 8th Street, Los Angeles, CA 90014

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  • Property Type Office - General Office
  • Property Size 55,948 SF
  • Lot Size 0.16 Acre
  • Property Tenancy Vacant
  • Building Class C
  • Year Built 1915

Location

  • City Los Angeles, CA
  • Neighborhood Downtown Los Angeles
  • Zip Code 90014
  • Market Los Angeles

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 31 Oct, 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 (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 $308,461
  • Market Value* $26,247,506
  • Assessed Value $26,247,506

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 Merritt Building?

The Merritt Building totals 55,948 square feet.

When was this property built?

The Merritt Building was built in 1915.

When was The Merritt Building last sold?

The Merritt Building was last sold on 31 Oct, 2016.

What is the property tax for The Merritt Building?

The property tax for The Merritt Building in 2021-2022 was $308,461.

What is the market value for The Merritt Building?

The market value* for The Merritt Building in 2021-2022 was $26,247,506.
*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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