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- LoopNet Team
This Retail Property is no longer advertised on LoopNet.com.
1001 Towne Ave
Los Angeles, CA 90021
Retail in the Fashion District | Lender Owned · Retail Property For Sale
Investment Highlights
- 1001 Towne is an 87% leased storefront retail asset on the corner of 10th Street and Towne Avenue in the Fashion District of Downtown Los Angeles.
- New owner will benefit from immediate leasing upside and an ideal mix of suite sizes that perfectly align with tenant demand in the area.
- DTLA is experiencing a residential development boom with over 3,100 units in the pipeline and 20% of the city’s housing stock to be in DTLA by 2040.
- DTLA is the hub of the most prominent fashion industry in the country with over 2,000 independent retail and wholesale apparel businesses.
- Ideally positioned within proximity to an expanding education hub offering significant foot traffic and a younger demographic from both UCLA and ASU.
- 1001 Towne’s Fashion District location has immediate access to the 10 Freeway, providing quick access to West LA and East LA.
Property Facts
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Building Size
43,700 SF
Building Class
B
Year Built
2005
Percent Leased
87%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
1.76
Lot Size
0.57 AC
Parcel Number
5132-010-049
Zoning
LB1-WH1-5 - Local Business Allowed Uses Retail/Office/Warehouse with Height Restrictions
Parking
86 Spaces (1.97 Spaces per 1,000 SF Leased)
Listing ID: 29812649
Date on Market: 10/17/2023
Last Updated:
Address: 1001 Towne Ave, Los Angeles, CA 90021
The Fashion District Retail Property at 1001 Towne Ave, Los Angeles, CA 90021 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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