Listing ID: SR18248878
Price: $60,000,000
Address: 601 S MAIN Street
City: Los Angeles (City)
State: California
Postal Code: 90014
SqFt: 25,592
Acres: 0.588
County: Los Angeles
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.

Primary Features

County: Los Angeles
IDX City Name: Los Angeles
IDX County Name: Los Angeles
photo Count: 2
Property Type: Rental Income
Year Built: 1981
Zoning: LAC2

Financial Details

Gross Scheduled Income: 4360000
Monthly Gross Income: 4360000
Original List Price: 60000000
Special Conditions: Standard Sale
Unit Monthly Rent01: 4360000
Unit Projected Total Monthly Rent01: 4360000
Unit Total Monthly Rent01: 4360000


Laundry Locations: Laundry Area
List Agent License Number: 01874848
ListingStatus: Active
Number Of Buildings: 1
Number Water Meters: 1
Units Total In Complex: 452
Water: Water District, Public

Location Information

Area: Downtown L.A. (C42)
Tax Legal Tract Number: 001010

Interior Features

Common Walls: Detached/No Common Walls
Unit Number Of Bath01: 2
Unit Number Of Bed01: 2

External Features

Garage Spaces Total: 858
Lot Size Source: Public Records
Lot Size SqFt: 25592
Number Electric Meters: 452
Number Gas Meters: 452
Open Other Spaces Total: 858
Pool: yes
Pool Descriptions: Private Pool
Sewer: Public Sewer

Zoning Info

Listing courtesy of Rommy Shy (01874848) from Rommy Shy.
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Contact - Listing ID SR18248878

Josh Goldstein

2115 Main Street
Santa Monica, CA 90405
Phone: 424-226-8069

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