Condo Showroom
1016 Towne Ave Los Angeles, CA 90021
For Sale
Contact for pricing
Bundle sale of three condos with showroom, office, and retail space.
Property Size4,000 SF
Price / SF$525
Days on Market1302
Property Features for 1016 Towne Ave
General Information
Standard status
Active
Size
4,000 SF
Property subtype
RETAIL
Listing Agency:
Daily Investment Co.
(213) 446-5959
Listed By:
Steven Kim
(213) 446-5959
Source:
Moodyscre
Added: Jan 5, 2023
Changed: Jul 29
Last Checked: Jul 29 at 3:52PM
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 is a bundle sale of condos featuring showroom, office, and retail space. The units included are 110, 203, and 204.
The total property size is 4,000 square feet, and the condos are located at 1016 Towne Ave in Los Angeles, CA 90021.
Ideal for an owner-user or investor looking to acquire multiple units within the same showroom/office/retail configuration, this package combines three condo units into one transaction.
The total property size is 4,000 square feet, and the condos are located at 1016 Towne Ave in Los Angeles, CA 90021.
Ideal for an owner-user or investor looking to acquire multiple units within the same showroom/office/retail configuration, this package combines three condo units into one transaction.
Key Highlights
- Bundle sale includes condo units 110, 203, and 204
- Showroom, office, and retail space
- Total property size 4,000 square feet
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 authorities.
Property Analytics
Location Intelligence
Current Use
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- Discount Hardwood Floors & Moldings — 1416 Channing St, Los Angeles, CA 90021
Frequently Asked Questions
What type of property is this?
Showroom - Bundle sale of three condos with showroom, office, and retail space.
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 includes condo units 110, 203, and 204; Showroom, office, and retail space; Total property size 4,000 square feet
