Total of 16,500 SF available for lease on 3 floors (5,500 SF basement storage area; 5,500 SF ground floor area; 5,500 SF 2nd floor offices). The 5,500 SF ground floor and the 5,500 SF second floor offices may be available for lease separately. Located at the southwest corner of Towne Avenue and East 4th Street in Downtown Los Angeles, this prime creative compound offering is adjacent to Little Tokyo and the Arts District. The turn-key 2-story facility has been completely refurbished from top to bottom, and is set up for music, photography, film and video production and postproduction. A freight elevator and two stairwells serve all three floors. The second floor currently has five offices, an acoustically tuned recording studio, a contemporary kitchen, and two full bathrooms. The recording studio is 1,700± SF and is soundproofed with six layers of dry wall and an air gap, and includes a large control room, a large tracking/recording room, and three ISO/voice over booths. The facility has been completely updated with all new electric, plumbing, and sprinklers, in addition to new wood flooring, doors and framing on the second floor. The compound also offers clean 800 amps power service and a LifeSource water purification system. The property is also being offered for sale at $8,500,000.