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409 W Olympic Boulevard - The Reserve Lofts, Los Angeles, CA

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DetailMap
409 W Olympic Boulevard - The Reserve Lofts

NWC W Olympic Blvd & Olive St
Los Angeles, CA 90015 - Downtown Los Angeles MF Submarket

(3.8 MB)

Property Type:Multi-Family Number of Units:79 Status:Existing Year Built:1929
Stories:7 Building Size:126,769 SF Land Area:.59 AC (25,700 SF)

Parking:1 Parking Spaces / 1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
7,328 SF
$48.00/SF/Yr
Vacant
3-10 yrs
Retail
 
4086030
Floor Plan
  
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
7,328 SF
$48.00/SF/Yr
Vacant
3-10 yrs
Retail
Built in 1929-1930, the Federal Reserve Bank Building was one of the first examples of the Classical Moderne style in downtown Los Angeles. It was designed by the well-known father-and-son architectural team of John Parkinson and Donald B. Parkinson, who also created such landmarks as Los Angeles City Hall, Union Station, the Bullocks-Wilshire department store and the USC campus. The seven-story, double-basement combination bank-and-office structure is built on a 1,600-ton steel framework. Finished in brick and granite, it is beautifully detailed with geographic patterning, ornate bronze grillwork, carved 3-D animal heads on the front and sides of the building and an outstanding bas-relief sculpture above the main entrance by notable California artist Edgar Walter.

In 1953, a Parkinson & Parkinson successor firm, Woodford & Bernard, designed an addition nearly indistinguishable from the original building. The firm added a two-bay extension on the Olympic Blvd side and a one-story, three bay addition on the Grand Ave. facade. This seamless expansion added approximately 100,000 square feet and an additional vault on the subterranean levels. The building was added to the National Register of Historic Places in 1984.

The ornate structure served Los Angeles until 1987 at which time, bank operations relocated next door. In 2005 the former Federal Reserve Bank Building converted to a office residential luxury loft community. The transformation preserved the beauty and details of the historic exterior and restored many of the original interior architectural element.



Kennedy-Wilson Properties, Ltd.
Michael Pakravan



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