507 Towne Avenue Los Angeles, CA ^$ 13,800,000

507 Towne Avenue

^$ 13,800,000

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507 Towne Avenue

Los Angeles, CA, 90013

^$ 13,800,000

Studio Baths0.0 Sq 31,218

Monthly Estimate*

^$ 96,397

Listed by Pinnacle Real Estate Group

507 Towne Avenue, Los Angeles, CA 90013 - Image 1

507 Towne Avenue, Los Angeles, CA 90013 - Image 2

507 Towne Avenue, Los Angeles, CA 90013 - Image 3

507 Towne Avenue, Los Angeles, CA 90013 - Image 4

507 Towne Avenue, Los Angeles, CA 90013 - Image 5

507 Towne Avenue, Los Angeles, CA 90013 - Image 6

507 Towne Avenue, Los Angeles, CA 90013 - Image 7

507 Towne Avenue, Los Angeles, CA 90013 - Image 8

507 Towne Avenue, Los Angeles, CA 90013 - Image 9

Studio

Commercial Property for sale in Los Angeles, CA

for $13,800,000. This 31,218 square foot building was built in 1978 on a lot size of 0.9906.

On the corner of 5th street and Towne Avenue. This warehouse built in 1978 in the heart of DTLA. Close by the wholesale stores of Toys District. To access to highway I10, I5, 101, and 110 within 5 miles. A building on a lot size of 43,151 SqFt with 31,218 SqFt on ground level plus 3,010 SqFt to be an office/showroom on the second floor. Well-lit natural light in the building. It features with large Ground-Level loading docks which offer seamless access to material handling equipment, enhancing operational efficiency. This is a great opportunity for importer/distributer, or investor/developer.

Commercial Active

Price

^$ 13,800,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Warehouse

Lot Size

0.9906

Year Built

1978

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

WS24068524

Days on Market

Features

Exterior

Lot Features Item01UnitAcre

Water Source Public

Total Parking 16.0

Lot Size Area 43151.0

Spa N

Building Area Total 31218.0

Lot Size Acres 0.9906

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

General

Security Features GatedwithAttendant

Construction Materials Concrete

Year Built 1978

Property SubType Warehouse

County Los Angeles

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Between 4th and 5th Street

City Los Angeles

View Y/N N

Senior Community Y/N N

Open Parking Spaces 16.0

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 43151.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Towne

Listing Terms Cash CashtoNewLoan Conventional

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 0

Building Area Units SquareFeet

Standard Status Active

Occupancy Description Tenant

Property Sub Type Additional Warehouse

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 507

* Excluded Features

List By

Pinnacle Real Estate Group

Broker

(626) 888-9808

Phone

Affordability Calculator

$96,397

Per Month

Monthly Principal & Interest: $96,397
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,237,995

Percent of Sale Price 84%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/8/2024	$13,800,000		Listed Price

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507 Towne Avenue, Los Angeles, CA, 90013 is a Commercial Property for sale at $13,800,000 with 31,218 sqft and a lot size of 0.9906. 507 Towne Avenue is a studio with 0.0 baths and was built in 1978. The property's zip code is 90013 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/2/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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507 Towne Avenue

Commercial Property for sale in Los Angeles, CA

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