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Completely Remodeled Creative Compound 405 Towne Ave 16,500 SF Industrial Building Los Angeles, CA 90013 $8,375,519 CAD ($507.61 CAD/SF)

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INVESTMENT HIGHLIGHTS

Price Reduced! Seller Motivated!
Turn-Key Facility | 16,500 SF on 3 Floors | Must See!
Adjacent to Little Tokyo and Arts District

Completely Renovated DTLA Creative Compound
5,500 SF Usable Basement | 5,500 SF Ground Floor With Interior Parking | 5,500 2nd Floor Stunning Offices

EXECUTIVE SUMMARY

Price reduced: Seller motivated! Located at the southwest corner of Towne Avenue and 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.

405 Towne Ave OM

PROPERTY FACTS

Price	$8,375,519 CAD	Rentable Building Area	16,500 SF
Price Per SF	$507.61 CAD	No. Stories	3
Sale Type	Investment or Owner User	Year Built	1925
Property Type	Industrial	Tenancy	Single
Property Subtype	Showroom Flex Light Manufacturing Flex Research & Development OfficeLoft Creative Space	Clear Ceiling Height	15’
Building Class	C	No. Drive In / Grade-Level Doors	2
Lot Size	0.13 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LAM2 - Limited Industrial MR1 Uses, Limited Industrial and Manufacturing Uses, no R Zone Uses, no Hospitals, Schools, Churches, any Enclosed C2 Use, Wireless

Price	$8,375,519 CAD
Price Per SF	$507.61 CAD
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Showroom Flex Light Manufacturing Flex Research & Development OfficeLoft Creative Space
Building Class	C
Lot Size	0.13 AC
Rentable Building Area	16,500 SF
No. Stories	3
Year Built	1925
Tenancy	Single
Clear Ceiling Height	15’
No. Drive In / Grade-Level Doors	2
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LAM2 - Limited Industrial MR1 Uses, Limited Industrial and Manufacturing Uses, no R Zone Uses, no Hospitals, Schools, Churches, any Enclosed C2 Use, Wireless