Los Angeles County  »  251 S Olive St

251 South Olive Street, Los Angeles, CA 90012 Property Information

251 South Olive Street, Los Angeles, CA 90012 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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251 South Olive Street, Los Angeles, CA 90012
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Address

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

Sales & Tax Overview for 251 South Olive Street, Los Angeles

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Sale date 08/22/2016
Sale price $12,000,000
Arm's length
Current property tax $1,098,703

Lot & Building Information for 251 South Olive Street, Los Angeles

Building sqft 384,002
Building class Hotel - 50 Rooms and Over - 14 to 20 Stories (1817)
Acreage 1.393
Year built 1991
Year last altered 1992
Stories 14
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district
Weed hazard Yes
School district Los Angeles Unified School District

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Other Property Data for 251 South Olive Street, Los Angeles

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About 251 South Olive Street, Los Angeles

How many sq. ft. does 251 South Olive Street, Los Angeles, CA 90012 have & what is the price per sq. ft?

This Hotel - 50 Rooms and Over - 14 to 20 Stories (1817) located at 251 South Olive Street, Los Angeles, CA 90012 has a total of 384,002 square feet and a current price per square foot of $31.

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

251 South Olive Street, Los Angeles, CA 90012 was built in 1991 and has a current tax assessor's market value of $85,300,367.

Ownership Information

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Past Sales & Property History for 251 South Olive Street, Los Angeles

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Purchase date Purchase price Buyer name Seller name
08/22/2016 $12,000,000

Title Documents for 251 South Olive Street, Los Angeles

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Date Type Amount Party 1 Party 2 Maturity Document Doc image
04/08/2025 Mechanics Lien
08/22/2016 Assignment of Lease
Assumption
(File correction - Single parcel sale)
08/22/2016 Grant Deed
12/06/2012 Quitclaim Deed
03/11/2011 Deed
12/30/2005 Agreement
05/02/2000 Deed
(35 - Year lease reappraisal - Single parcel sale)
01/17/1997 Deed
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R: Recorded date
D: Document date

Property Taxes for 251 South Olive Street, Los Angeles

Access detailed property tax data for 251 South Olive Street, Los Angeles, CA 90012. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Base tax $1,012,857
Current property tax $1,098,703
Market value $85,300,367

Special Assessments And Penalties for 251 South Olive Street, Los Angeles

Special Assessments

Abatements, financial assistance programs and non-ad valorem taxes levied as special taxes/direct assessments are applicable for this property.

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)

Assessment History for 251 South Olive Street, Los Angeles

Here's the assessment & property tax history for 251 South Olive Street, Los Angeles, including the evolution of the total tax rate and corresponding property tax.

Year Assessment value Total tax rate Property tax Year over year 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%

Permits for 251 South Olive Street, Los Angeles

The complete history of permits filed for 251 South Olive Street, Los Angeles, including new construction or demolition permits, complaints, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Issued Permit Type Sub type Valuation Expires Status
03/23/2026
03/06/2026
02/12/2026
09/17/2025
08/07/2025
07/01/2025
02/25/2025
02/04/2025
09/06/2024
07/19/2024
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Los Angeles residential market stats

Median Sale Price
$1,000,000
1% YoY
Median Price/Sqft
$663
1.5% YoY
Los Angeles County Median Sale Price
$872,000
0.2% YoY

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Demographics by Zip Code

Total population 37,336
Median age 36.7
Average household income $100,896
Family households 34.6%
Occupied housing units 15,624
Owner occupied units 7.5%
Average number of people per household 1.88
Median year structure built 1988
Median value for units with a mortgage $683,000
Median value for units without a mortgage $717,100

Risk

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FEMA flood zone(s) X (See more on map)
Fire hazard zone See more on map
Faults and tsunami inundation zone map
Landslides and liquefaction map
Seismic gas shut off valve installed
Earthquake-induced liquefaction area

Transportation

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Neighbors for 251 South Olive Street, Los Angeles

Here are the neighbors for 251 South Olive Street, Los Angeles.

Address Square feet Purchase date Purchase price
332 S Hill St, Los Angeles 2,560 06/28/2006
324 S Hill St, Los Angeles 592 11/01/2017 $77,650,000
331 S Broadway, Los Angeles 20,400 07/29/2013 $63,000,000
212 S Hill St, Los Angeles
236 S Hill St, Los Angeles 04/04/2012
327 S Broadway, Los Angeles 7,892 05/25/2021
213 S Broadway, Los Angeles 04/06/2007
252 S Hill St, Los Angeles 03/10/2011 $3,300,033
120 S Olive St, Los Angeles 07/14/2008
347 S Broadway, Los Angeles 4,950 12/08/1997
355 S Broadway, Los Angeles 19,701 06/15/2000
130 S Olive St, Los Angeles 01/25/2024
235 S Hill St, Los Angeles 09/16/2002
200 S Olive St, Los Angeles 250,575 10/20/2008 $48,100,000
208 S Hill St, Los Angeles 52,620 03/31/2022 $16,000,000
229 S Broadway, Los Angeles 04/04/2012
233 S Broadway, Los Angeles 10,340 04/04/2012
255 S Hill St, Los Angeles 329,997 10/20/2008 $87,900,000
350 S Grand Ave, Los Angeles 1,486,375 11/29/2016 $70,000,000
328 S Hill St, Los Angeles 11/01/2017 $77,650,000

Nearby ZIP Codes for 251 South Olive Street, Los Angeles

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