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Income Home for Sale in Los Angeles, California

601 S Main Street, Los Angeles, California 90014, US

$ 60,000,000
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  •  Income Home for Sale in Los Angeles, California
  •  Income Home for Sale in Los Angeles, California

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Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

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.
  • Price: $ 60,000,000
  • MLS ID: SR18248878
  • Property Type: Income Home
  • WEB ID: PR00930637
  • Property Status: Active
  • Lot Size: 25,592sqft

Additional Features

  • 0-1 Unit/Acre
  • Parking spaces: 858.00
  • Listing Status: Active
  • Listing Agent: Rommy Shy (lic# 01874848) of Southland
  • Listing Office: Rommy Shy (lic# 01874848)
  • Disclaimer: Based on information from CARETS as of 11th December 2018 at 4:23am. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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