Overview

Highlights

• Lender Orders Sale - Submit All Offers
• +/- 31,900 SF Two-Story Commercial Building
• 7.3% In-Place Cap Rate
• Historically Very Low Vacancy Showrooms
• Multi-Tenant Retail Property
• Central Business District Location
• Downtown Fashion District Synergy
• Onsite Parking Lot
• Easy Freeway Access
• M2 Zoning Permits A Wide Range of Uses
• Just Blocks Away From City Market Development Project - Mixture of Residential, Hotel, Corporate Campus & Commercial Space

Description

1025 Towne Avenue is located in the heart of the LA Downtown Fashion District. The +/-31,900 SF two-story commercial building includes a mixture of fashion retail tenants. Building features include 14’ ceiling heights, building signage and onsite parking. Zoned M2, the location is permitted for a range of uses, including manufacturing, warehousing, distribution, research and development, and standard retail. The location has immediate access to the 10 Freeway, providing quick access to West LA and East LA. Situated on a 0.55-acre land parcel, the property has a building floor area ratio of 0.98. Situated near the heart of the Fashion District of Downtown LA, the 1025 Towne Avenue property benefits from placement within a high concentration of independently owned retail and wholesale businesses. Nearby Fashion Marts are San Pedro Wholesale Mart & Annex, Stanford Wholesale Mart, LA Fashion Mart, Stanford Plaza, Bien Bien Accessories, Active Basic, and more. The Towne Avenue property is located in the hub for apparel and wholesale businesses, providing great opportunities for networking and business expansion.

Location

1025 Towne Avenue is located in the bustling downtown area of Los Angeles, within the 90021 ZIP code. This area is part of the city’s Arts District, known for its vibrant cultural scene, which includes a diverse mix of galleries, studios, and creative spaces. The Arts District is one of LA’s most up-and-coming neighborhoods, providing a unique blend of historical industrial buildings that have been repurposed into lofts, restaurants, and trendy cafes. The vicinity showcases a combination of architectural styles ranging from classic warehouses to modern residential and commercial developments. Supported by a community of artists, professionals, and entrepreneurs, the neighborhood exudes a dynamic and entrepreneurial spirit.

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