Residential Income – 601 S Main St, Los Angeles, CA 90014, USA -001-11-30T00:00:00-08:00
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
601 S Main St, Los Angeles, CA 90014, USA
$60,000,000 USD
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Address601 South Main Street, Los Angeles
Price$60,000,000
Year Built1981
Bedrooms Total0
Living Area25,592 ft2
Lot Size (Sq.Ft.)25,592
Listing IDSR18248878
StatusActive
Parcel Number5144001010
ZoningLAC2
Special ConditionsStandard
Days on Market218

Detailed 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.

Association
Laundry
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

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Address Information
Address601 South Main Street, Los Angeles
Street PrefixSouth
Street SuffixStreet
CityLos Angeles
Location (MLS Area)C42 – Downtown L.A.
County Or ParishLos Angeles
Postal Code Plus42003
CountryUS
Financial Information
Price per Square Foot$2,344.48
Price per Lot Square Foot$2,344.48
Special ConditionsStandard
Gross Income$4,360,000
Gross Scheduled Income$4,360,000
Tax Year2000
Tax Lot5,144
Full Descriptions
Parcel Number5144001010
Detailed DescriptionThe 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.
Lot Features0-1 Unit / Acre
Community FeaturesUrban
Water SourcePublic
Laundry FeaturesArea
Sewer DescriptionPublic Sewer
Pool FeaturesPrivate
Property parameters
Year Built1981
Living Area (Sq.Ft.)25,592 ft2
Lot Size (Sq.Ft.)25,592
Lot Size SourceAssessor
Number of Buildings1
Number of Units Total452
ZoningLAC2
Parking Spaces858
Garage Spaces858
Water SourcePublic
Units Total452
Year Built SourceAssessor
Number of Separate Electric Meters452
Number of Separate Gas Meters452
Number of Separate Water Meters1
Listed withRommy Shy (Rommy Shy)