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1625 W Olympic Blvd
Los Angeles, CA 90015

Office For Sale · Office Property For Sale · 203,640 SF

PROPERTY FACTS

Price Not Individually For Sale
Building Size 203,640 SF
Property Type Office
Building Class B
Lot Size 0.88 AC
Parking Ratio 3/1,000 SF

EXECUTIVE SUMMARY

10-story office building which is part of a 364,000 square-foot office and retail project located in close proximity to downtown Los Angeles and the Staples Center. It features unobstructed views of downtown, Hollywood to LAX and overlooking all of West LA.

There is ample parking for tenants and visitors- visitor rate: $1.24 for each 20 minutes; $7.75 maximum. There is a 24-hour guard service with roaming bike patrol and security cameras. The building has 24 hour access through key-card access and key-card elevator access. On-site banking and restaurants. Easy access to interstate 10, 101, 110, and 5 freeways.

Curacao Portfolio boasts a 50% partnership interest purchase opportunity of a commercial portfolio of office, land, and retail across Los Angeles, California and Tucson, Arizona.

This unique opportunity includes 1605-1625 W Olympic Boulevard, two spacious 11-story office towers totaling 378,000 square feet at a 95% occupancy in Downtown Los Angeles. The first three stories are designated parking with 763 covered and 160 uncovered spaces. Situated on 1.77 acres, 1605-1625 W Olympic Boulevard is within walking distance to the Staples Center, the New LA Live development and a plethora of retail, residential projects, and dining.

Adjacent to 1605-1625 W Olympic Boulevard is 3.35 acres across seven land parcels, perfect for redevelopment. Located in an up and coming Downtown Los Angeles, California market, the land features 67,500 square feet of contiguous land zoned to LAR3, 65,000 square feet zoned to LAC2 of which 50,200 square feet is contiguous, and 13,785 square feet of land zoned to LAR4.

Furthermore, the Curacao Portfolio includes 3390 S 6th Avenue, a single tenant department store with approximately 90,224 square feet of retail space in a shopping center situated on 5.63 acres in Tucson, Arizona. The Former Curacao is highly visible and accessible with monument signage exposed to the heavily trafficked Interstate 10 and multiple access points including a signalized intersection. 3390 S 6th Avenue features high ceilings, an extremely open floor plan, multiple loading docks with roll-up doors, and generous parking while located nearby various national retailers.

This investment is great for a developer/owner user who is looking to develop large complexes in Downtown Los Angeles, using the land accompanied by the 95% occupied office space. A diverse investment in real estate such as this will help mitigate market risk while also allowing for a huge upside in a distressed office market. Take advantage of this unique portfolio opportunity in Los Angeles and Tucson.
  • Listing ID: 247232

  • Address: 1625 W Olympic Blvd, Los Angeles, CA 90015