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Building's Buyer Can Look Where the Money Was

December 20, 1987

The buyer of one downtown building now up for sale is expected to check all the cracks and crevices for any of the previous owner's merchandise.

The building is the Federal Reserve Bank branch at at 409 W. Olympic Blvd.

Completed in two phases in 1931 and 1953, the six-floor structure, which is listed in the National Registry of Historic Buildings, is expected to sell for more than $6 million, according to the agent, Coldwell Banker.

Just in case the new owner turns up a hidden cache of cash, he can learn to protect it since the subbasement contains an indoor pistol range and two vaults.

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