Downtown Los Angeles Creative
405 Towne Ave Los Angeles, CA 90013
For Sale
Contact for pricing
Turn-key creative compound in Downtown Los Angeles for sale.
Property Size16,500 SF
Price / SF$363.64
Days on Market1191
Property Features for 405 Towne Ave
General Information
- Standard status
- Active
- Size
- 16,500 SF
- Property subtype
- Office
Building Details
- Year Built
- 1925
Listing Agency:
Major Properties
(213) 210-7492
Listed By:
Sion Khakshour · License #CA 00697373
Source:
Crexi
Added: Apr 20, 2023
Changed: Jul 10
Last Checked: Jul 23 at 9:19AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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 | $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
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
NOI $23,399,607 @ 7.0% cap · market cap 389.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Creative space
FAQs
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.
