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    405 Towne Ave Los Angeles, CA 90013

    Sponsored
    Source: https://www.majorproperties.com
    For Sale
    $7,000,000

    Completely Remodeled DTLA Creative Compound

    Property size:
    5,663 SF

    Description

    Added:
    Apr 29, 2025
    Days on Market:
    258
    • The entire building has been completely renovated
    • All new electric, plumbing and sprinklers
    • Brand new wood flooring, doors & framing, double pane glass, wrought iron, and pull-down window shades on the second floor
    • 5 second floor offices
    • 2 second floor kitchens and ground floor kitchenette
    • Second floor soundproof recording studio (double walls with air gap) with large control room, tracking room and 3 vocal booths (studio has separate power source)
    • Studio could be converted into 2 large executive offices
    • 2 large and 2 small HVAC units on the second floor, plus 5 units in the recording studio
    • Polished concrete floors on the ground floor & basement
    • 2 water heaters and 2 Life Source water purification systems
    • All new uninterrupted power from street
    • Five 50-amp plugs on the ground floor and five 50-amp plugs in the basement
    • Basement has pegs for lights and rigging
    • Ethernet powered security cameras
    • Plans approved for live/work occupancy (not inspected)
    • Current $20,000 monthly income from single tenant

    Property Features for 405 Towne Ave

    General Information

    Property type
    Office buildings
    Square Feet
    5,663 SF
    Price / Square Foot
    $1,236
    Elevators
    N/A
    Lot Size
    16,500 SF

    Building Details

    Year Built
    1925
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Daycare Center Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    State
    California
    Longitude
    -117.7413878
    Latitude
    34.0582945

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    FAQs

    What type of property is this?
    Office building - Completely Remodeled DTLA Creative Compound
    Where is this office building located?
    The property is located at 405 Towne Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $7,000,000.
    (213) 210-7492
    Request Owner's contact information
    405 Towne Ave Los Angeles, CA 90013
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    405 Towne Ave Los Angeles, CA 90013
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