James Cottrell
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 Joes 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.

KEY DETAILS
  • Price:
  • $60,000,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • n/a
  • Acreage:
  • 0.59
  • Year Built:
  • 1981
  • MLS #:
  • SR18248878
  • Street Address:
  • 601 S Main St
  • City:
  • Los Angeles
  • State:
  • CA
  • Postal Code:
  • 90014
  • County:
  • Los Angeles
  • Area:
  • Cdowntown L.A.
  • Listing Status:
  • For Sale - Active

Building

  • Number Of Units:
  • 452
  • Total # Of Buildings:
  • 1
  • Year Built:
  • 1981
  • Year Built Source:
  • Assessor

Business

  • Gross Income:
  • 4360000.00

Land

  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Lac2
  • Lot Features:
  • 0-1 Unit/Acre
  • Lot Square Footage:
  • 25592.00

Listing

  • Community Features:
  • Urban

Money

  • Price Per Square Foot:
  • 2344.48

Rooms

  • Laundry:
  • 1
  • Laundry Description:
  • Area

Structures

  • Garage Parking Spaces:
  • 858.00
  • Parking Spaces:
  • 858.00
  • Pool:
  • 1
  • Pool Description:
  • Private

Systems

  • Existing Water:
  • Public
  • Sewage Type:
  • Public Sewer

Source

  • Listing Provided By Rommy Shy of Rommy Shy

    CRMLS
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SCHOOL RATINGS

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NOTES

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