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900-912 S Hill St

196,603 SF Specialty Building Offered For Sale in Los Angeles, CA 90015

Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type Investment or Owner User
Property Type Specialty
Property Subtype
Self-Storage
  • Specialty Parking Garage
Building Class B
Lot Size 0.51 AC
Building Size 196,603 SF
No. Stories 9
Year Built 1927
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5139-003-001
Land Assessment
$10,579,275 CAD
Improvements Assessment
$7,899,192 CAD
Total Assessment
$18,478,467 CAD

zoning

Zoning Code [Q] R5-4D (State enterprise zone, Transit priority area)
[Q] R5-4D (State enterprise zone, Transit priority area)
  • Listing ID: 32782225

  • Date on Market: 2024-08-13

  • Last Updated:

  • Address: 900-912 S Hill St, Los Angeles, CA 90015

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