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Downtown Los Angeles Creative Compound

405 Towne Ave, Los Angeles, CA 90013

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For Sale

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Turn-key creative compound in Downtown Los Angeles for sale.

Type:Office

Property size:

16,500 SF

Price / SF:

$363/SF

HighLights

Turn‑key, fully refurbished 16,500 SF creative compound suitable for music, photography, film, and video production/postproduction.
Prime Downtown Los Angeles location at the southwest corner of Towne Avenue and East 4th Street, adjacent to Little Tokyo and the Arts District.
Professionally designed and soundproofed 1,700± SF recording studio with control room, tracking room, and three ISO/voice over booths.
Ground floor with two electric loading doors and parking for up to six cars, plus two large production spaces.
Completely updated with new electric, plumbing, sprinklers, wood flooring, doors, and framing.
Features a freight elevator, 800 amps power service, and a LifeSource water purification system.

We can help!

Listing Contact

Sion Khakshour

For Sale

Contact for pricing

Turn-key creative compound in Downtown Los Angeles for sale.

Type:Office

Property size:

16,500 SF

Price / SF:

$363/SF

Added:: Apr 20, 2023
Days on Market:: 1146
Last Refresh:: May 12 at 8:08 pm

Property Features for 405 Towne Ave

General Information

Standard status: Active
Size: 16,500 SF
Property subtype: Office

Building Details

Year Built: 1925

We can help!

Listing Contact

Sion Khakshour

Listing agent Sion Khakshour License #CA 00697373

Listing office Major Properties

Listing date Apr 20, 2023

Source Crexi

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 Major Properties

HighLights

Turn‑key, fully refurbished 16,500 SF creative compound suitable for music, photography, film, and video production/postproduction.
Prime Downtown Los Angeles location at the southwest corner of Towne Avenue and East 4th Street, adjacent to Little Tokyo and the Arts District.
Professionally designed and soundproofed 1,700± SF recording studio with control room, tracking room, and three ISO/voice over booths.
Ground floor with two electric loading doors and parking for up to six cars, plus two large production spaces.
Completely updated with new electric, plumbing, sprinklers, wood flooring, doors, and framing.
Features a freight elevator, 800 amps power service, and a LifeSource water purification system.

Overview

Located at the southwest corner of Towne Avenue and East 4th Street in Downtown Los Angeles, this creative compound is adjacent to Little Tokyo and the Arts District. The turn-key, two-story facility with a full basement has been completely refurbished and is set up for music, photography, film, video production, and postproduction. The 16,500 square foot building consists of 5,500 square feet of creative space per floor. A freight elevator and two stairwells serve all three floors. 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 approximately 1,700 square feet and is soundproofed with six layers of drywall and an air gap. It includes a large control room, a large tracking/recording room, and three ISO/voice-over booths. The facility has been completely updated with new electric, plumbing, and sprinklers, in addition to new wood flooring, doors, and framing on the second floor. The compound also offers clean 800 amp power service and a LifeSource water purification system.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$641.5k	$38.88
− Vacancy	−$119.3k	−$7.23
EGI	$522.2k	$31.65
− OpEx	−$130.5k	−$7.91
NOI	$391.6k	$23.74

16,500 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%

Alternative Uses

Best Use

Office B

$5.59M

$4.90M – $6.53M (±1% cap)

NOI $391,648 @ 7.0% cap · market cap 6.53%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$334.28M

$292.50M – $389.99M (±1% cap)

NOI $23,399,607 @ 7.0% cap · market cap 389.99%

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

Property Profile Location Intelligence

Current Use by Public Records

Creative space

Suggested Use

Location Insight

Map
Local Demand

City: Los Angeles
County: Los Angeles
State: California
Longitude: -118.24106
Latitude: 34.04428

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For sale
Creative space
CA
Los Angeles
90013
405 Towne Ave

What type of property is this?

Creative space - Turn-key creative compound in Downtown Los Angeles for sale.

Where is this creative space located?

The property is located at 405 Towne Ave Los Angeles, CA.

What is the asking price?

The asking price for this property is $5,999,999.

What are key features of this property?

This property features: Turn‑key, fully refurbished 16,500 SF creative compound suitable for music, photography, film, and video production/postproduction.; Prime Downtown Los Angeles location at the southwest corner of Towne Avenue and East 4th Street, adjacent to Little Tokyo and the Arts District.; Professionally designed and soundproofed 1,700± SF recording studio with control room, tracking room, and three ISO/voice over booths.