Los Angeles County  »  251 S Olive St

251 South Olive Street, Los Angeles, CA 90012 - Property report

Also known as: 251 S Olive St

Property image for 251 South Olive Street, Los Angeles, CA 90012
static Mapbox map

Property type

Hotel - 50 Rooms and Over - 14 to 20 Stories (1817)

Year built

1991

Acreage

1.393

Sale price

$12,000,000

General Information

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Address
Primary address
251 S Olive St
Los Angeles, CA 90012
Alternate address(es)
301 S Olive St
309 S Olive St
311 S Olive St
Zip code
90012
Neighborhood
Downtown Los Angeles
County
Los Angeles
Municipality
Los Angeles

Owner

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Building
Property type
Hotel - 50 Rooms and Over - 14 to 20 Stories
Building sq. ft.
384,002
Buildings on lot
1
Stories
14 to 20
Year built
1991
Last altered
1992
Sales
Sale date
08/22/2016
Sale price
$12,000,000
Arm's length
Tax
Tax year
2026-2027
Property tax
$1,033,114
Zoning & use
Zoning
Lot
Acreage
1.393

Area overview

Walk score
98 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
54 /100.  Bikeable
School district
Los Angeles Unified School District
Weed hazard
Yes

View more such as transportation, nearby schools and risk designations. For more property insights, including its Energy Star score, Existing Buildings Energy and Water Efficiency Program (EBEWE) status, plus additional energy and water usage data, .

Ownership information for 251 South Olive Street, Los Angeles, CA

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 251 South Olive Street, Los Angeles, CA 90012

Sale date Sale price Buyer name Seller name
08/22/2016 $12,000,000 XXXX XXX XXXXXXX XXX XXX XX; XXX XXXXXXX XXXX XXXXXXXXX XXXXXXXXXXXXX

*Most recent sale on record for this property.

More about Los Angeles County property records.

Title documents

Date Type Amount Party 1 Party 2
04/08/2025 Mechanics Lien XXXX XXX XXXXXXX XXX XXXXX X X XXX
08/22/2016 Assignment of Lease
Assumption
(File correction - Single parcel sale)
XXX XX XXXX XXX XXXXXXX XXX
08/22/2016 Grant Deed XXX XX XXXX XXX XXXXXXX XXX
12/06/2012 Quitclaim Deed XXX XXXXXXX XXXX XXX XX
03/11/2011 Deed XXX XXXXXXX XXXX XXXXXXXXX XXXXXXXXXXXXX XXX XXXXXXX XXXX
12/30/2005 Agreement XXXXXXX XXXXXXX XXXX XXXXXXX XXXXXXX XXXX
05/02/2000 Deed
(35 - Year lease reappraisal - Single parcel sale)
XXX XXXXX XXXXXXXXXXX, XXXX-X
01/17/1997 Deed XXX XXXXX XXXXX, XXX XXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 251 South Olive Street, Los Angeles, CA

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2026-2027
Base tax
$1,033,114
Current property tax
$1,118,960
Recent tax assessments
Market value
$87,006,373
Land value
$11,049,689
Building value
$75,956,684

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Assessed value Tax rate Property tax Y-o-Y change
2025-2026 $85,300,367 1.1874 $1,012,857 +0.95%
2024-2025 $83,627,812 1.1997 $1,003,283 +2.03%
2023-2024 $81,988,052 1.1994 $983,365 +4.97%
2022-2023 $80,380,444 1.1655 $936,834 +1.16%
2021-2022 $78,804,358 1.1752 $926,109 -1.06%
2020-2021 $77,996,317 1.200129 $936,056 +6.33%
2019-2020 $74,967,627 1.174279 $880,329 +0.14%
2018-2019 $73,497,674 1.196 $879,066 +2.26%
2017-2018 $72,056,544 1.193 $859,654 +2.10%
2016-2017 $70,643,671 1.1918 $841,966 +1.51%

Special assessments & penalties for 251 South Olive Street, Los Angeles, CA

Code Description Tax levied
03694 La County Regional Park And Open Space District
18851 Los Angeles City Light Maintenance
03071 Los Angeles County Flood Control
00170 Los Angeles County Trauma/Emerg Srvs
18875 Los Angeles Downtown Center (Downtown Bid)
18850 Los Angeles Landscape & Lighting Dist #96-1
18869 Los Angeles-Stormwater Pollution Abatement
06111 West Vector Mosquito

Permit information for 251 South Olive Street, Los Angeles, CA

Issued date Permit number Permit type Sub type Valuation Expire date Status
07/14/2026
07/10/2026
07/06/2026
05/27/2026
03/23/2026

*Most recent permits on record for this property.

More about Los Angeles County property records

Los Angeles residential market stats

Access a detailed real estate market overview of Los Angeles so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Los Angeles and compare it to other neighborhoods in Los Angeles.

Median sale price

$995,000

-3.7% Y-o-Y

Median price/sq. ft.

$650

-3.8% Y-o-Y

Los Angeles county median sale price

$870,000

-0.6% Y-o-Y

Check out recently sold homes in Los Angeles and see how their prices compare.

Demographics by ZIP code

Total population
37,336
Median age
36.7
Average household income
$100,896
Family households
34.6%
People per household (average)
1.88
Occupied housing units
15,624
Owner-occupied units
7.5%
Median year structure built
1988
Median value mortgaged units
$683,000
Median value unmortgaged units
$717,100

Risk

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FEMA flood zones

FEMA flood zones
X
Earthquake-induced liquefaction area
Landslides and liquefaction map

Fire hazard zones

Faults and tsunami inundation zones map
Seismic gas shut-off valve installed
Crime incidents map

Transportation

Daily traffic map

Access the detailed traffic volume map for 251 South Olive Street, Los Angeles, CA 90012 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Frequently asked questions

What is the year built for 251 South Olive Street, Los Angeles, CA 90012?

The development at 251 South Olive Street, Los Angeles, CA 90012 was built in 1991.

What is the market value of 251 South Olive Street, Los Angeles, CA 90012?

The current market value of 251 South Olive Street, Los Angeles, CA 90012 is $87,006,373.

What is the total square footage of 251 South Olive Street, Los Angeles, CA 90012?

251 South Olive Street, Los Angeles, CA 90012 has a total of 384,002 square feet.

What is the price per square foot for this property?

$31 per square foot is the price for 251 South Olive Street, Los Angeles, CA 90012.

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