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The building was one of several built in Downtown Los Angeles by the influential Hellman banking family. Isaias Hellman migrated from Germany, coming to Los Angeles in 1872. He entered banking and became President of the Main Street Savings Bank, the Bank of Southern California and the Farmers and Merchants National Bank.

This building was an irregularly shaped building, composed of two rectangles joined at their corners. The building had two entrances, one at 411 South Main Street and the other at 124 West Fourth Street, and occupied much of the block bounded by West Fourth Street, South Main Street, South Spring Street and West Third Street. Included in this block c. 1913 were the Farmers and Merchant's National Bank Building on West Main Street, the Union Trust building at the corner of West Main and South Spring Street, and several other properties.

Converted into 104 apartments c. 2002 by Tom Gilmore and his real estate development firm, Gilmore Associates;

PCAD id: 9200