Showroom/Office/Retail Condos
1016 Towne Ave Los Angeles, CA
1016 Towne Ave, Los Angeles, CA, 00000
Contact for pricing
For Sale
Contact for pricing
Condos available as a bundle for showroom/office/retail use.
Property Size4,000 SF
Lot Size1.02 Acres
Price / SF$525
Days on Market1294
Property Features for 1016 Towne Ave
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 1.02 Acres
- Property subtype
- RETAIL
Listing agency
Daily Investment Co.
(213) 446-5959
Listed by
Steven Kim
(213) 446-5959
Source
Moodyscre
Added: Jan 5, 2023 Updated: Jul 10 at 11:32AM Checked: Jul 21 at 4:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Daily Investment Co.
Investment Insights
Based on property information with market context.
This offering consists of a bundle of condominium units, specifically units 110, 203, and 204. The properties are suitable for showroom, office, or retail use. The total property size is 4000 square feet.
Key Highlights
- Bundle sale of three units (110, 203, and 204)
- Condos available
- Showroom space
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.5k | $38.88 |
| − Vacancy | −$28.9k | −$7.23 |
| EGI | $126.6k | $31.65 |
| − OpEx | −$31.6k | −$7.91 |
| NOI | $94.9k | $23.74 |
4,000 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.58M
NOI $94,945 @ 7.0% cap · market cap 4.52%
Second Best
Retail
$1.33M
$1.16M – $1.55M
NOI $92,829 @ 7.0% cap · market cap 4.42%
Theoretical Best
Multifamily LT 5
$81.04M
$70.91M – $94.54M
NOI $5,672,632 @ 7.0% cap · market cap 270.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
LECLA LOS ANGELES
Clothing Store
Cherish
Clothing & Fashion Store
Special A Jeans
Clothing & Fashion Store
Denim Zone U.S.A.
Clothing & Fashion Store
U Jeans
Factory
Similar For Sale Nearby
Similar Off Market Nearby
- Noah Jackson Carpet Store — 1361 Newton St Ste 27, Los Angeles, CA 90021
- Superior Home Design — 1416 Channing St, Los Angeles, CA 90021
- CY Flooring — 1228 Compton Ave, Los Angeles, CA 90021
- One Touch Flooring — 2300 San Pedro St #1502, Los Angeles, CA 90011
- Discount Hardwood Floors & Moldings — 1416 Channing St, Los Angeles, CA 90021
FAQs
What type of property is this?
Showroom - Condos available as a bundle for showroom/office/retail use.
Where is this showroom located?
The property is located at 1016 Towne Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Bundle sale of three units (110, 203, and 204); Condos available; **Showroom space**
