Century City parcel traded for $24M, sits on $116M issued permit

County records show a unit at 6055 W Center Dr in Century City changed hands for a transfer-tax-implied $24.0 million, on a parcel that already carries an issued Los Angeles Department of Building and Safety permit valued at $116 million.

The deed recorded February 27, 2026, under document number 0139328, against LA County Assessor parcel 4104001087. No buyer or seller name appears on the assessor record, and no RR/CC document was pulled for this filing, so neither party can be named here.

Why it matters

The recorded transfer tax implies a $24.0 million value using the county’s base rate of $1.10 per $1,000. The parcel sits inside Los Angeles city limits, where Measure ULA adds 4 percent on the portion of a transfer above $5 million, so the city’s actual recording stamp would push the true price above the $24.0 million floor. That figure is a floor, not an exact price.

What makes the parcel notable is what already sits on it: an issued LADBS permit, number 21010-10000-06954, with a declared job value of $116 million. Whoever holds this parcel controls a site with construction entitlements already approved and on file with the city, rather than land that still needs to clear planning and permitting from scratch. Buying or holding an already-permitted parcel removes the entitlement risk and timeline that typically runs years on a project of this size.

The numbers

• $24.0 million: DTT-implied deed value, recorded February 27, 2026, document 0139328
• $116 million: declared construction value on issued permit 21010-10000-06954, same parcel
• 4104001087: LA County Assessor parcel number tying both records together

The gap between the land-level transfer value and the permitted construction value on the same parcel is just under 5 to 1. The American Developer’s wire has surfaced a similar pattern on two other LA parcels this month, land trading well under the construction value already approved on site, though with a sample of three that is a pattern worth watching, not yet a market-wide claim.

What’s next

No ownership change beyond the deed has been filed on this parcel as of this scan. Any construction activity tied to permit 21010-10000-06954 would confirm whether the new holder intends to build out the approved project or continue holding the entitlement. The American Developer will track permit status and any further filings on parcel 4104001087 for movement.

Read more Los Angeles market filings at /markets/los-angeles/.