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507 Towne Ave, Los Angeles, CA 90013
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507 Towne Ave Los Angeles, CA 90013

$13,800,000
  • -- Beds
  • -- Baths
  • 31,218 Sq.Ft.
For Sale
$13,800,000 Get Pre-Qualified
Map preview of 507 Towne Ave, Los Angeles, CA 90013

Property Overview: 507 Towne Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 31,218 living square feet and 43,151 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by LI-HONG CHANG | BRE #01871092 | Pinnacle Real Estate Group
Co-listed by PETER DONG | BRE #01120318 | Pinnacle Real Estate Group
Last checked: 12 minutes ago | Last updated: April 8th, 2024 | Source CRMLS | DOM: 28
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Home details

Lot Sq. Ft
43,151
HOA Dues
$0/mo
Year built
1978
Garage
--
Property Type:
Warehouse
Status
Active
MLS#
WS24068524
City
Los Angeles
County
Los Angeles
Time on Site
38 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 507 Towne Ave

Interior Features
Laundry Information
  • None
Interior Features
  • Security Features: Gated with Attendant
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 16
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 5147022031
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Between 4th and 5th Street
View more facts & features

Local Los Angeles Agent

Sale History for 507 Towne Ave

Last sold on December 26th, 1995

  • April, 2024

  • Apr 8, 2024

    Date

    Active

    CRMLS: WS24068524

    $13,800,000

    Price

  • December, 1995

  • Dec 26, 1995

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 507 Towne Ave

Assessed Value (2020): $2,430,441
Year Land Value Improved Value Assessed Value
2020 $1,670,932 $759,509 $2,430,441

Home Value Compared to the Market

This property vs the competition

507 Towne Ave is listed 1004.88% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $442.05 per/sqft which puts the price per square foot 42.89% lower than the median price per square foot for the city of Los Angeles.

About 507 Towne Ave

Detailed summary of property

507 Towne Ave is a warehouse located in Los Angeles, CA 90013 and is currently for sale. This warehouse offers -- bedrooms, -- bathrooms, roughly 31,218 living square feet, and sits on an approximately 43,151 square foot lot. 507 Towne Ave was first listed on ArdentRealEstateGroup.com on April 8, 2024. The homeowner is currently asking $13,800,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 1004.88% higher than the median priced home. While the average home in Los Angeles, CA is selling in 94 days, 507 Towne Ave has a days on market of 28 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 507 Towne Ave Los Angeles, CA 90013 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 507 Towne Ave

Public county record property details
Beds
--
Baths
--
Year built
1978
Sq. Ft.
31,218
Lot Size
43,138
Stories
1
Type
Warehouse (Industrial)
Pool
No
Spa
No
County
Los Angeles
Lot#
24,38
APN
5147-022-031

The source for these homes facts are from public records.

90013 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$593,000
Median List Price/Sq.Ft.
$769
Median Sold Price
$425,000
Median Sold Price/Sq.Ft.
$644
Total Inventory
64
Median Sale to List Price %
89.47%
Avg Days on Market
58
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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