601 S Main Street

    Los Angeles (City), CA 90014
    • $60,000,000
    • STATUS: Active
    • ON SITE: 255 days
    • ID#: SR18248878
    UPDATED: 106 min ago
    $60,000,000
    • 0
      BEDS
    • 0.59
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 25,592
      SQFT
    • $2,344
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1981
    County:

    School Ratings & Info

    Description

    The SB Omega is a fully entitled project on the southwest corner of 6th and Main St. in the heart of the Historic Core of Downtown LA. Currently the site of Joe+GGs Parking, this approved 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 Downtown Los Angeles.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, 24,368 retail sq. ft. and 858 parking spaces.Seller is looking for a joint venture opportunity with an experienced contractor who must bring a $10,000,000 down payment to the partnership. Partner must acknowledge that the sale of the project will gross over $400 million and that construction costs will not exceed $160 million.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T00:36:54.86. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/88450072

    601 S Main Street Los Angeles (City), CA 90014

    • Price: $60,000,000
    • Status: Active
    • Updated: 106 min ago
    • ID#: SR18248878
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.59
    Acres
    25,592
    SQFT
    $2,344
    $/SQFT
    1981
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    The SB Omega is a fully entitled project on the southwest corner of 6th and Main St. in the heart of the Historic Core of Downtown LA. Currently the site of Joe+GGs Parking, this approved 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 Downtown Los Angeles.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, 24,368 retail sq. ft. and 858 parking spaces.Seller is looking for a joint venture opportunity with an experienced contractor who must bring a $10,000,000 down payment to the partnership. Partner must acknowledge that the sale of the project will gross over $400 million and that construction costs will not exceed $160 million.
    Exterior Features

    Garage Spaces 858.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 858.00 Pool Features Private Pool Private YN Yes Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Common Area

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 4360000.00 Gross Scheduled Income 4360000.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 0.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 452 Number Of Separate Gas Meters 452 Number Of Separate Water Meters 1 Operating Expense 0.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 0.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lac2

    Listing provided courtesy of Rommy Shy of Rommy Shy


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T00:36:54.86. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024