550 S Hope St, Los Angeles, CA 90071-2627

Address: 550 S Hope St, Los Angeles, CA 90071-2627

550 S Hope St, Los Angeles, CA 90071-2627 (Parcel #5151026024) is a property in the County of Los Angeles. The assessed value is $248,533,198.

Property Overview

Assessor Identification/Parcel Number (AIN/APN) 5151-026-024
Tax Rate Area 00211 - LOS ANGELES
Street Address 550 S Hope St
Los Angeles
CA 90071-2627
Zip 90071-2627
Property Use Type C/I - Commercial/Industrial
Property Use Code 1708
General Use Type Commercial
Specific Use Type Office Building
Specific Use Detail Over 20 Stories
Building Data Lines 1
Year Built 1990
Effective Year Built 1990
Main Structure Area 628,312 SQFT
Recording Date 2014-12-24
Total Value $248,533,198.00
Total Exemption Value $0.00
Net Taxable Value $248,533,198.00
Land Value 25733541.00
Land Base Year 2015
Improvement Value 222799657.00
Improvement Base Year 2015
Total Land Improvement Value $248533198.00
Homeowners Exemption $0.00
Real Estate Exemption $0.00
Fixture Value $0.00
Fixture Exemption $0.00
Personal Property Value $0.00
Personal Property Exemption $0.00
Taxable Parcel Y
Administrative Region 23
Cluster 23636
Parcel Boundary Description TR=9181 LOTS 1 THRU 5 AND SUB-SURFACE POR OF VAC ST

Property Assessment History

Year Total Value Increase % Land (Base Year) Improvement (Base Year) Total Exemption Taxable Value
2006 $89,358,861 0.00% $14,021,340 (2015) $75,337,521 (2015) $0 $89,358,861
2007 $91,146,037 2.00% $14,301,766 (2015) $76,844,271 (2015) $0 $91,146,037
2008 $134,640,000 47.72% $16,320,000 (2015) $118,320,000 (2015) $0 $134,640,000
2009 $124,000,000 -7.90% $15,000,000 (2015) $109,000,000 (2015) $0 $124,000,000
2010 $124,000,000 0.00% $15,000,000 (2015) $109,000,000 (2015) $0 $124,000,000
2011 $124,000,000 0.00% $15,000,000 (2015) $109,000,000 (2015) $0 $124,000,000
2012 $160,650,000 29.56% $22,950,000 (2015) $137,700,000 (2015) $0 $160,650,000
2013 $163,961,044 2.06% $23,409,000 (2015) $140,454,000 (2015) $0 $163,961,044
2014 $164,861,683 0.55% $23,515,276 (2015) $141,091,661 (2015) $0 $164,861,683
2015 $167,895,783 1.84% $23,985,111 (2015) $143,910,672 (2015) $0 $167,895,783
2016 $243,659,999 45.13% $25,228,962 (2015) $218,431,037 (2015) $0 $243,659,999
2017 $248,533,198 2.00% $25,733,541 (2015) $222,799,657 (2015) $0 $248,533,198

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Dataset Information

Data Provider County of Los Angeles, Office of the Assessor
Jurisdiction Los Angeles County

This dataset includes 2.06 million properties assessed by County of Los Angeles, Office of the Assessor. The data contains property, or parcel, together with value information, which ensures fair assessment of Los Angeles County taxable and non-taxable property of all types and classifications. Each property is disclosed with parcel id, address, owner, mailing address, assessed value, etc.