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Produce LA - Availability Details

Off-Market

640 South Santa Fe Avenue, Los Angeles, CA 90021

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  • Property Type Office - Creative Office
  • Property Size 122,612 Sqft
  • Lot Size 1.64 Acre
  • Parking Spaces Avail. 245
  • Parking Ratio 2.00/ 1,000 SF
  • Property Tenancy Vacant
  • LEED Proposed Certified Gold
  • Building Class A
  • Year Built 2021

Location

  • City Los Angeles, CA
  • Neighborhood Downtown Los Angeles
  • Zip Code 90021
  • Market Los Angeles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Los Angeles

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Los Angeles Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $42.41
  • 2020 Office Vacancy Rate 12.35 %
  • 2020 Office Completions (Sqft) 1,087,539

Los Angeles Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per Sqft $403.45
  • Y-o-Y Avg. PpSF Change -17.20 %
  • 2020 Office Sales Volume $1.6B
  • 2020 Number of Transactions 12
View more Los Angeles market trends

Tax

  • Property Tax in 2021-2022 $896,358
  • Market Value $74,688,546
  • Assessed Value $74,688,546

Find more tax info, including assessment history and abatements, on CommercialEdge