601 S Main Street

    Los Angeles (City), CA 90014
    • $60,000,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: SR18248878
    UPDATED: 53 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?s 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 CARETS as of 2018-11-15T08:44:29.52. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.goldenpalmproperties.com/homes/88447532

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

    • Price: $60,000,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: SR18248878
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.59
    Acres
    25,592
    SQFT
    $2,344
    $/SQFT
    1981
    Built
    Neighborhood:
    Downtown L.A. (C42)
    County:
    Los Angeles
    Area:
    Downtown L.A. (C42)
    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?s 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

    Common Walls Detached/No Common Walls Garage Spaces Total 858.0 Open Other Spaces Total 858 Pool Descriptions Private Pool

    Interior Features

    Laundry Locations Laundry Area Unit Number Of Bath01 2.0 Unit Number Of Bed01 2

    Property Features

    Country United States Of America Expense Electric 0.00 Expense Gas 0.00 Expense Insurance 0.00 Expense Operating 0.00 Expense Tax 0.00 Expense Total Annual 0.00 Expense Trash 0.00 Expense Water 0.00 Gross Scheduled Income 4360000.00 Hoa YN N Lot Size Source Public Records Monthly Gross Income 4360000.00 Net Operating Income 0.00 Number Electric Meters 452 Number Gas Meters 452 Number Of Buildings 1 Number Water Meters 1 Professional Management 0.0 Special Conditions Standard Sale Unit Monthly Rent01 4360000.00 Unit Projected Total Monthly Rent01 4360000.00 Unit Total Monthly Rent01 4360000.00 Unit Type01 452 Units Total In Complex 452 Water Water DistrictPublic Zoning Lac2

    Listing provided courtesy of Rommy Shy DRE#01874848 of Rommy Shy.


    Based on information from CARETS as of 2018-11-15T08:44:29.52. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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    433 N. Camden Drive, 6th Floor
    Beverly Hills CA, 90210