626-379-3833
900-912 S Hill St, Los Angeles, CA for Sale
Self-Storage Facilities - FOR SALE
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900-912 S Hill St
Los Angeles, CA 90015
South Park


HIGHLIGHTS

  • Excellent Frontage & Visibility on both Hill and 9th Street
  • Vehicle Ingress/Egress on 9th & Customer Loading on Hill

OVERVIEW

BIDS DUE NOVEMBER 15, 2024 Versal and Cushman & Wakefield are pleased to present for purchase 900 – 912 S Hill Street (the “Property”) in the bustling heart of Downtown Los Angeles, California. The Property was one of the nation’s first parking garages originally built in 1926 by the May Company to service their department store one block north at the May Company Building. Curlett & Beelman, famed architecture firm of the era, designed the structure which is a part of Downtown Los Angeles’ rich architectural history. The Property consists of six stories above grade and three stories below grade for a total of nine stories. There are approximately 400 parking spaces operating today. The property may be purchased as an investment, for user activity or as a potential self storage conversion for which it is currently under application. The existing building was designed for a very high live load of 125 pounds per square foot for the garage. The Property enjoys the Mills Act Historical designation which provides property tax savings to property owners who invest in the rehabilitation and restoration of historic buildings.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

ADD'L SUBTYPES

Parking Garage

TOTAL BUILDING SIZE

-

STORIES

9

BUILDING CLASS

B

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

[Q] R5-4D

APN/PARCEL ID

5139-003-001

ASK ABOUT THIS PROPERTY

Brandon BurnsCushman & WakefieldMore Info
626-379-3833

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Brandon BurnsCushman & WakefieldMore Info
626-379-3833

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.