588 MAIN ST
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Location
588 MAIN ST
Mblu
03/ 19A/ 08-11/ /
Acct#
03-19A-08-11
Owner
WORCESTER TIC OWNER I LLC +
Total Market Value
$4,430,000
PID
51976
Building Count
1
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$3,867,500$562,500$4,430,000

Owner of Record
OwnerWORCESTER TIC OWNER I LLC +
Co-OwnerWORCESTER TIC OWNER II LLC
AddressC/O BENEDICT CAYON EQUITIES INC
10100 SANTA MONICA BLVD
LOS ANGELES, CA 90067
Sale Price$6,000,000
Certificate
Book & Page 70064/0315
Sale Date01/04/2024
Instrument1V

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
WORCESTER TIC OWNER I LLC + $6,000,000 70064/03151V01/04/2024
CHANDLER OWNER II LLC$5,775,000 64270/00671V01/20/2021
COLTON LAND LLC$2,500,000 52442/02401V06/17/2014
PACIFIC LAND LLC$0 21180/0096 03/23/1999
PACIFIC LAND LLC$0 21180/0096 03/23/1999

Building Information
Building 1 : Section 1
Year Built: 1900
Living Area: 34,843
Replacement Cost: $3,875,487
Building Percent Good: 85
Replacement Cost
Less Depreciation:
$3,294,200
Building Attributes
FieldDescription
Style:Mixed Use/Comm-type
ModelCommercial
GradeAVE MASONRY
Stories:5
Occupancy45.00
Exterior Wall 1Brick/Stone
Exterior Wall 2 
Roof StructureFlat
Roof CoverT&G Comm
Interior Wall 1Drywall/Shtrk
Interior Wall 2 
Interior Floor 1Average
Interior Floor 2Hardwood
Ext. Qual.AVERAGE
Int. Qual.AVERAGE
Bldg UsePRI RES MDL-94
Bath GradeGood
Elevator100
Sprinkler100
1st Floor Use:013C
Heat/ACElectric
Frame TypeMasonry
Baths/PlumbingAverage
Ceiling/WallCeil & Walls
Rooms/PrtnsAverage
Wall Height12.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
GLUGLA - Upper Story 26,802 26,802
GLAGross Leasable Area 8,041 8,041
PTOPatio 1,224 0
UBMBasement, Unfinished 8,041 0
   44,108 34,843

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SWCNConc.Swim'g Pool800.00 S.F.$24,5001
ELVElevator5.00 Story$116,9001

Land
Land Use
Use Code013C
DescriptionPRI RES MDL-94  
ZoneBG-6
Neighborhood1
Alt Land ApprNo
Category
Land Line Valuation
Size (Sqr Feet)13804
Depth
Total Market Land$562,500

Outbuildings
Outbuildings

No Data for Outbuildings

Valuation History
Assessment
Valuation YearImprovementsLandTotal
2025$3,733,300$562,500$4,295,800
2024$4,802,800$562,500$5,365,300
2023$5,623,900$562,500$6,186,400

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