1016 S Towne Ave
Los Angeles, CA 90021
LA Fashion District-Three Retail Condo Units · Retail Property For Sale

Pacific Union is pleased to present for sale an owner-user opportunity to acquire a highly visible retail condominium located on 1016 Towne Avenue Units #222, #221, and #213 in the flouring Downtown Los Angeles, CA. The subject property improvements include three condominiums with 1100 sf, 858 sf, and 810 sf with access to two secured on-site parking spaces on each unit. This condominium is ideal for several retail uses. The property benefits from excellent exposure in Downtown's prime Fashion District with traffic counts of approximately 5,000 cars per day. Rather than paying rent to a landlord an Owner/User can pay the property mortgage providing a more attractive after-tax return along with enjoying long term equity buildup in the investment. Additionally, now is an excellent time to lock in long term fixed rate financing at historically low interest rates to secure a long term fixed operating cost structure and provide for a hedge against anticipated rental rate increases.