Highest assessed properties: ranked by total assessed value.EXECUTIVE SUMMARY The 25 properties with the highest assessed value in L.A. County had aggregate value of $18.3 billion in 2005, up $441.8 million over the previous year. The BP Carson Carson, city (1990 pop. 83,995), Los Angeles co., S Calif., an industrial and residential suburb of Los Angeles; inc. 1968. Oil refining is the major industry; fabricated metals, paper, and other products are manufactured. The California State Univ. Dominguez Hills is there. Refinery moved ahead of the J. Paul Getty Jean Paul Getty (December 15, 1892 – June 6, 1976) was an American industrialist and founder of the Getty Oil Company. Biography Born in Minneapolis, Minnesota, into a family already in the petroleum business, he was one of the first people in the world with a Center as the highest assessed property in the county. Its value increased by $173.8 million, to $2.2 billion, surpassing the museum's value by $7.3 million. The Getty (operating system) getty - A Unix program which sets terminal type, modes, speed and line discipline for a serial port, and is used in the login process. Center's assessed value fell by $700,000. The seven refineries on the list out-number other property uses. All seven refineries had their assessed value increase during the past year. Chevron Refinery, No. 3 this year, had its assessed value reach more than $2 billion, up $77.4 million over 2004. ConocoPhillips ConocoPhillips (NYSE: COP) is an international energy corporation with its headquarters located in Houston, Texas. It was created through the merger of Conoco Inc. and the Phillips Petroleum Company on August 30, 2002. Wilmington Wilmington. 1 City (1990 pop. 71,529), seat of New Castle co., NE Del., on the Delaware River and tributary streams, the Christina and the Brandywine; settled 1638, inc. as a city 1832. Plant had assessed value increase by $75.1 million, to $751.8 million. Westfield Century City Westfield Century City, formerly Century City Shopping Center & Marketplace, is a shopping mall in the Century City area of Los Angeles, California. It is owned by The Westfield Group. Its anchor stores are Bloomingdale's and Macy's. , No. 20 this year, is the only retail center among the top 25. It is scheduled to open its movie theater this month as it completes the first phase of renovations. Overall property values in L.A. County, less exemptions, increased by $74.6 billion, or 10 percent, in 2005 bringing the net local roll value to $823.7 billion. --David Nusbaum Nusbaum is a village in the district Bitburg-Prüm in Rhineland-Palatinate, Germany, situated in the southern part of the Eifel. Links
THE PACESETTER BP CARSON REFINERY OWNED and operated by London-based BP plc, the Carson-based facility has a value of $2.2 billion and processes 265,000 barrels of oil per day into gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by , diesel, jet fuel and petroleum coke Petroleum coke (often abbreviated petcoke) is a carbonaceous solid derived from oil refinery coker units or other cracking processes.[1] Other coke has traditionally been derived from coal. . Carson's Redevelopment Agency has agreed to give BP an additional 4.5 acres of land valued at nearly $3 million. In return, the city will receive higher property taxes as payment once the facility is opened. BP plans to build a $30 million complex that will house 500 employees. The refinery traces its roots to local oil discoveries in Signal Hill, Santa Fe Springs Santa Fe Springs, city (1990 pop. 15,520), Los Angeles co., SW Calif., inc. 1957. The city lies in an oil and natural gas region and has diversified manufacturing. and Huntington Beach Huntington Beach, city (1990 pop. 181,519), Orange co., S Calif., on the Pacific coast, across from Santa Catalina Island, in an oil-producing area; inc. 1909. It manufactures aerospace vehicles, aircraft parts, optical instruments, and heat transfer equipment. . Pan-American Pan-A·mer·i·can adj. Of or relating to North, South, and Central America. Pan-American Adjective of North, South, and Central America collectively Petroleum bought the first 100 acres of the land for $2,000 per acre in 1923 and used it as a storage site. In 1937 Richfield Richfield, city (1990 pop. 35,710), Hennepin co., SE Minn., a residential suburb of Minneapolis; settled c.1851, inc. 1964. There is diverse light manufacturing. Minneapolis–St. Paul International Airport adjoins Richfield on the east. Oil Co. of California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). bought Pan-American and constructed the refinery, which went online in 1938 with a capacity of 50,000 barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. . The refinery went through four major renovations before the 1966 merger of Richfield and Atlantic Refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar Co., which created Atlantic Richfield Co. In 1987, the Watson Cogeneration cogeneration In power systems, use of steam for both power generation and heating. High-temperature, high-pressure steam from a boiler and superheater first passes through a turbine to produce power. Plant began producing electricity and steam for the refinery, selling excess capacity to Southern California Edison Southern California Edison (or SCE Corp), the largest subsidiary of Edison International (NYSE: EIX), is the primary electricity supply company for much of Southern California. It provides 11 million people with electricity. . Today, it produces enough electricity to meet the needs of 400,000 homes in the L.A. Basin BASIN Boulder Area Sustainability Information Network (Boulder, Colorado) BASIN Brothers And Sisters In Need . BP assumed control of the facility following its takeover To assume control or management of a corporation without necessarily obtaining actual title to it. A takeover bid or tender offer is a proposal made by one company to purchase shares of stock of another company, in order to acquire control thereof. of Arco in 2000. Overall, the refinery' employs I, 100 people and supplies 25 percent of the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. gasoline market.
Rank Property (ranking in 2004) Assessed Value (1)
* name (millions)
* address * 2005
* 2004
1 BP Carson Refinery (2) $2,235.2
1801 E. Sepulveda Blvd. $2,061.4
Carson 90749
2 J. Paul Getty Center (1) 2,227.9
1200 Getty Center Drive 2,228.6
Los Angeles 90049
3 Chevron Refinery (3) 2,035.6
324 W. El Segundo Blvd. 1,958.2
El Segundo 90245
4 ExxonMobil Refinery (4) 1,309.0
3700 W. 190th St. 1,287.9
Torrance 90504
5 Valero Wilmington Refinery (5) 844.3
2402 E. Anaheim St. 840.5
Wilmington 90744
6 J. Paul Getty Center (6) 819.7
199 Church Lane 819.7
Los Angeles 90049
7 Anheuser Busch Brewery (7) 757.6
15800 Roscoe Blvd. 757.6
Van Nuys 91406
8 ConocoPhillips Wilmington Plant (8) 751.8
1660 W. Anaheim St. 676.7
Wilmington 90744
9 J. Paul Getty Center (9) 649.4
1200 Getty Center Drive 649.4
Los Angeles 90049
10 Shell Los Angeles Refinery (11) 606.9
2101 E. Pacific Coast Highway 584.9
Wilmington 90744
11 Cedars-Sinai Medical Center (10) 599.4
8700 Beverly Blvd. 599.4
Los Angeles 90048
12 Universal Studios Hollywood/City 570.2
Walk (12) 570.2
100 Universal City Plaza
Universal City 91608
13 Universal Studios (13) 514.4
100 Universal City Plaza 514.4
14 Universal City 91608
Port of Los Angeles--Pier 400 Phase I 486.3
(14) (3) 476.8
2500 Navy Way, Pier 400
15 Terminal Island 90731
University of Southern California (15) 433.8
3441 University Ave. 433.8
Los Angeles 90007
16 ConocoPhiliips Carson Plant (16) 433.5
1520 E. Sepulveda Blvd. 394.2
Carson 90745
17 Port of Long Beach--Pier T Berths 132-140 393.8
(17) (3) 386.1
301 Hanjin Road
Long Beach 90802
18 Port of Los Angeles--Pier 300 Berths 372.2
302-305 (16) (3) 365.5
614 Terminal Way
Terminal Island 90731
19 Walt Disney Studios (19) 338.9
500 S. Buena Vista St. 338.9
Burbank 91521
20 Westfield Century City (20) 336.8
10250 Santa Monica Blvd. 336.8
Los Angeles 90067
21 California Institute of Technology (21) 329.8
(4) 329.8
2632 E. Washington Blvd.
Pasadena 91107
22 SunAmerica Center (22) 315.7
1999 Avenue of the Stars 315.7
Los Angeles 90067
23 Staples Center (24) 303.1
1111 Figueroa St. 297.1
Los Angeles 90015
24 Paramount Pictures Studios (23) 298.8
5451 Marathon St. 298.8
Los Angeles 90038
25 Wells Fargo Tower (25) 291.3
333 S. Grand Ave. 291.3
Los Angeles 90071
Rank Primary Use Profile
* year built
* exempt value (2)
1 refinery plant 1937
$0
2 museum, research institute 1997
2,214.4
3 refinery plant 1911
0
4 refinery plant 1929
0
5 refinery plant 1981
0
6 administrative offices 1997
819.7
7 brewery 1954
0
8 refinery plant 1919
0
9 vacant land 1997
649.4
10 refinery plant 1928
0
11 hospital 1976
594.4
12 commercial 1965
0
13 production studios 1915
0
14 cargo terminal 2002
0
15 private university 1880
433.8
16 refinery plant NA
0
17 cargo terminal 2002
0
18 cargo terminal NA
0
19 film and TV stages, office buildings 1937
0
20 retail center 1964
0
21 former hospital 1933
313
22 office building 1990
0
23 sports stadium 1999
0
24 film and TV studios 1926
0
25 office building 1982
0
Rank Owner
* name
* phone
1 BP West Coast Products LLC
(310) 549-6204
2 J. Paul Getty Trust
(310) 440-7300
3 ChevronTexaco Corp.
(310) 615-5000
4 ExxonMobil Corp.
(310) 212-2800
5 Valero Energy Corp.
(562) 491-6877
6 J. Paul Getty Trust
(310) 440-7300
7 Anheuser Busch Inc.
(818) 989-5300
8 ConocoPhillips
(310) 952-6000
9 J. Paul Getty Trust
(310) 440-7300
10 Shell Oil Products US
(310) 522-6000
11 Cedars-Sinai Medical Center
(310) 423-3277
12 NBC Universal
(818) 777-1000
13 NBC Universal
(818) 777-1000
14 APM Terminals Pacific/L.A. City Harbor Dept.
(310) 221-4000
15 University of Southern California
(213) 740-2311
16 ConocoPhillips
(310) 952-6000
17 Hanjin Shipping Co./City of Long Beach
(562) 256-2600
18 American President Lines/City of L.A.
(310) 548-8700
19 Walt Disney Co.
(818) 560-1000
20 Wesffield Group
(310) 277-3898
21 California Institute of Technology
(626) 395-6811
22 Equity Office Properties Trust
(312) 466-3300
23 Anschutz Entertainment Group Inc.
(213) 742-7100
24 Viacom Inc.
(323) 956-5000
25 Maguire Properties Inc.
(213) 626-3300
NA--Not Available
(1) Total assessed values for 2005 include land, improvements,
equipment, fixtures, natural resources and possessory interests.
(2) Portion of assessed value that is exempted from taxes.
(3) Possessory interest property. Although the public entity owns the
land, the private user is assessed taxes to use the land.
(4) Formerly St. Luke Medical Center. Purchased by California Institute
of Technology on May 9, 2003.
Note: Data for this list was provided by the HdL Cos. Further
information was provided by representatives of the properties
themselves.
To the best of our knowledge, this information is accurate as of press
time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors sometimes
occur. Please send corrections or additions on company letterhead to
the Research Department, Los Angeles Business Journal, 5700 Wilshire
Blvd., Suite 170, Los Angeles 90036. [c]2005 Los Angeles Business
Journal. This list may not be reprinted in whole or in part without
prior written permission from the editor. Reprints are available from
Wright's Reprints, (877) 652-5295.
Researched by David Nusbaum
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