Views
Address
601 S Main Street Lot 5 Los Angeles, CA
Price
$ 69,900,000
Property Attributes
  • ML#SR20121531
  • TypeLand
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90014
  • Style
  • Price$ 69,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.4 Acres
Listing Provided Courtesy Of:
Rommy Shy with Rommy Shy.
Property Description

601-625 S. Main project is located on the southwest corner of 6th and Main St. in the heart of the Historic Core of Downtown LA. Currently the site of Joe’s Parking, this approved, fully-entitled project will encompass 4 parcels and stand 390 ft. tall to include 38 stories above grade and 452 dwelling units. Upon completion, the building will be the tallest structure in the Historic Core and one of the tallest in all of Downtown Los Angeles. The land is currently used as a parking lot but has all entitlements and plans for a high-rise condominium building consisting of 458,308 residential sq.ft, along with 24,368 retail sq. ft. and 195,000 sq. ft. TFAR. There will be a 5-level above ground parking garage with 858 parking spaces. Estimated project revenue to be over $500 million from developer’s sale as condominiums. No affordable housing or union labor requirements. Unit Breakdown: Studio – 11 units; 1-bedroom – 110 units; 2-bedroom – 320 units; 3-bedroom – 11 units Staples Center, LA Live, LA Convention Center, Whole Foods, The Bloc, Grand Hope Park, Pershing Square & the LA Fashion District are all within 1-mile radius. Seller will consider a JV with qualified general contractor. Partner must bring minimum of $30M as capital contribution to the partnership.

Price History
6/23/2020 Listed $69,900,000

General Features

Community Features Urban
Directions Southwest corner of 6th and Main St.
HOA Fee 0.00
Listagentaor Southland
Listing Agent Rommy Shy - BRE#01874848
Listing Agent State License 01874848
MLS Area C42 - Downtown L.A.
Price Per Square Foot 1149.31
Source System CRMLS
Special Listing Conditions Standard
Zoning LAC2

Exterior Features

Lot Features Corner Lot
Lot Size Acres 1.3962
Lot Size Area 60819.0000
Lot Size Source Assessor
Lot Size Square Feet 60819.00
Lot Size Units Square Feet
View City Lights
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90014

Price
AVG $69.9M
$69.9M
Visits
AVG 22
40

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