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124 N Townsend Ave 12,466 SF Office Building Los Angeles, CA 90063 $3,100,000 ($248.68/SF)
INVESTMENT HIGHLIGHTS
- One of a kind creative office space with its own dedicated fenced parking lot.
- The property has an enormous main hall with a state, mezzanine, reception and conference rooms.
EXECUTIVE SUMMARY
BRC Advisors – BH has been retained on an exclusive basis present the unique opportunity to acquire 124 N Townsend Ave & 125 N Townsend Ave, a freestanding office building & vacant land located in Welling Heights, Boyle Heights Adj. Perfect for a growing digital, creative or marketing company.
Completely remodeled and designed by the current owner, a potential owner user has the chance have their own building, company name & logo on the facade, own secure private parking lot. This three-story Property has been meticulously restored & updated. A perfect space for creative office, startup, or established business. Central access for easy commute to freeways & main thoroughfares. Minutes from uber popular downtown LA's Arts District & trendy Boyle Heights. Property features soaring 20' ceilings, nearly 13,000 sq ft of interior space, exposed brick walls, polished oak floors, spacious kitchens, gorgeous baths, enormous main hall w/ stage & mezzanine, roof top w/ panoramic downtown high-rise views, controlled access & private gated parking lot for employees & guests, all-new HVAC system, secure gated entrances.
Located just east of Downtown directly off 1st Street. Zoned R2 with an approved non-conforming review use for general office, assembly hall, and photography studio with filming.
Completely remodeled and designed by the current owner, a potential owner user has the chance have their own building, company name & logo on the facade, own secure private parking lot. This three-story Property has been meticulously restored & updated. A perfect space for creative office, startup, or established business. Central access for easy commute to freeways & main thoroughfares. Minutes from uber popular downtown LA's Arts District & trendy Boyle Heights. Property features soaring 20' ceilings, nearly 13,000 sq ft of interior space, exposed brick walls, polished oak floors, spacious kitchens, gorgeous baths, enormous main hall w/ stage & mezzanine, roof top w/ panoramic downtown high-rise views, controlled access & private gated parking lot for employees & guests, all-new HVAC system, secure gated entrances.
Located just east of Downtown directly off 1st Street. Zoned R2 with an approved non-conforming review use for general office, assembly hall, and photography studio with filming.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
12,466 SF
Building Class
B
Year Built/Renovated
1925/2018
Price
$3,100,000
Price Per SF
$248.68
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
4,155 SF
Building FAR
0.92
Lot Size
0.31 AC
Zoning
LC-R2, Los Angeles - intended to permit multifamily residential uses to be located on lots in this zone either as the sole use or in conjunction with commercial and office
Parking
20 Spaces (1.6 Spaces per 1,000 SF Leased)
AMENITIES
- Controlled Access
- Fenced Lot
- Kitchen
- Reception
- Central Heating
- High Ceilings
- Natural Light
- Hardwood Floors
- Air Conditioning
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 5232-015-017 | Improvements Assessment | $3,007,525 |
| Land Assessment | $816,950 | Total Assessment | $3,824,475 |
PROPERTY TAXES
Parcel Number
5232-015-017
Land Assessment
$816,950
Improvements Assessment
$3,007,525
Total Assessment
$3,824,475
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124 N Townsend Ave
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