405 Towne Ave - Showroom FOR SALE


Los Angeles, CA 90013
$7,000,000 USD
213-210-7492
405 Towne Ave, Los Angeles, CA for Sale
$7,000,000 USD
Showroom - FOR SALE
1/43
null | Request Cap Rate

405 Towne Ave
Los Angeles, CA 90013


OVERVIEW

Located at the southwest corner of Towne Avenue ans East 4th Street in Downtown Los Angeles, this prime creative compound offering is adjacent to Little Tokyo and the Arts District. The turn-key 2-story facility with a full basement has been completely refurbished from top to bottom, and is set up for music, photography, film and video production and postproduction. A freight elevator and two stairwells serve all three floors. The 16,500 SF building consists of 5,500 SF of creative space per floor. The basement can be used for set construction and filming. The ground floor has two electric loading doors and can park up to six cars, as well as two large production spaces, a kitchen/break room, and two restrooms. The second floor has five offices, an acoustically tuned recording studio, a contemporary kitchen, and two full bathrooms. The recording studio is 1,700± SF, and is soundproofed with six layers of dry wall and an air gap, and includes a large control room, a large tracking/recording room, and three ISO/voice over booths. The facility has been completely updated with all new electric, plumbing, and sprinklers, in addition to new wood flooring, doors and framing on the second floor. The compound also offers clean 800 amps power service and a LifeSource water purification system. Current $20,000 monthly income from a single tenant.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$424 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Completely Remodeled Creative Compound

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

undefined, R&D, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

UTILITIES

-

CLEAR CEILING HT

15 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13

LAND SF

5,663

ZONING

LAM2

APN/PARCEL ID

5147-009-019

ASK ABOUT THIS PROPERTY

Sion KhakshourMajor PropertiesMore Info
213-210-7492

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Sion KhakshourMajor PropertiesMore Info
213-210-7492

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.