405 Towne Ave Los Angeles, CA 90013

This 16,500 square foot industrial building is located in Los Angeles, CA. The property has been completely renovated and is currently generating $20,000 in monthly income from a single tenant via a lease-option agreement. The building features new electrical, plumbing, and sprinkler systems. The second floor includes new wood flooring, doors, framing, double-pane glass windows, wrought iron accents, and pull-down window shades. There are five offices and two kitchens, one on the ground floor and two on the second floor. A soundproof recording studio includes a large control room, tracking room, and three vocal booths. The studio has a separate power source and could be converted into two large executive offices. Climate control is provided by seven HVAC units, including two large and two small units on the second floor, plus five in the studio. The ground floor and basement feature polished concrete floors. The building is equipped with two water heaters and two Life Source water purification systems. Power is supplied by new uninterrupted power from the street, with five 50-amp plugs on the ground floor and five more in the basement. The basement also includes pegs for lighting and rigging. Security is enhanced by Ethernet-powered cameras. Plans for live/work occupancy have been approved, though not yet inspected. The property sits on a 0.13-acre lot.