The Neman Project
5857 Santa Monica Blvd, Los Angeles, CA 90038
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- Property Type Office - Creative Office
- Property Size 56,400 SF
- Lot Size 1.53 Acre
- Property Tenancy Multi-Tenant
- City Los Angeles, CA
- Neighborhood Hollywood
- Zip Code 90038
- Market Los Angeles
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Average Actual Rents in Los Angeles
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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
- Property Tax in 2021-2022 $642,380
- Market Value* $54,661,280
- Assessed Value $54,661,280
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 Neman Project?
The Neman Project totals 56,400 square feet.
When was this property built?
The Neman Project was built in 1956.
What is the property tax for The Neman Project?
The property tax for The Neman Project in 2021-2022 was $642,380.
What is the market value for The Neman Project?
The market value* for The Neman Project in 2021-2022 was $54,661,280.
*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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