Flex Space with Recording
For Sale
Contact for pricing
1176 W Sunset Blvd, Los Angeles, CA 90012
Flex space built for audio production with multiple studios, soundproof listening space, offices, and an outdoor terrace.
Property Size7,125 SF
Price / SF$419.65
Days on Market236
Property Features for 1176 W Sunset Blvd
General Information
Standard status
Active
Size
7,125 SF
Property subtype
OFFICE
Amenities
recording and mastering studios
soundproof listening room
conference/collab rooms
outdoor terrace/patio
Listing Agency:
Kidder Mathews
(213) 225-7218
Listed By:
Chris Steck · License #01226464
(213) 225-7231
Source:
Moodyscre
Added: Dec 17, 2025
Changed: Aug 8
Last Checked: Aug 8 at 11:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews
Investment Insights
Based on property information with market context.
This flex space is designed for audio recording and mastering, featuring three professionally designed recording and mastering studios, a soundproof listening room, private offices, open workspaces, and conference/collaboration rooms. The interior also includes an outdoor terrace/patio for a change of pace between work sessions.
In addition to the office and studio areas, the property includes a two-story warehouse/storage area with a roll-up door, supporting equipment storage or flexible day-to-day workflow.
The property is sized at 7,125 square feet and is well suited to users who need both production-oriented improvements and adaptable workspace under one roof.
In addition to the office and studio areas, the property includes a two-story warehouse/storage area with a roll-up door, supporting equipment storage or flexible day-to-day workflow.
The property is sized at 7,125 square feet and is well suited to users who need both production-oriented improvements and adaptable workspace under one roof.
Key Highlights
- Three professionally designed recording and mastering studios
- Soundproof listening room plus private offices and open workspaces
- Conference and collaboration rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$169,121
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,382,420
$3.4M
Cap Rate 7%
$2,416,014
$2.4M
Cap Rate 9%
$1,879,122
$1.9M
Market Conditions
NOI Build-Up for 7,125 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$277.0K $38.88/SF
− Vacancy
−$51.5K −$7.23/SF
EGI
$225.5K $31.65/SF
− OpEx
−$56.4K −$7.91/SF
NOI
$169.1K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,382,420
Cap Rate 7%
$2,416,014
Cap Rate 9%
$1,879,122
Alternative Uses
Best Use
Office B
$2.42M
$2.11M – $2.82M
NOI $169,121 @ 7.0% cap · market cap 5.66%
Second Best
Warehouse
$1.54M
$1.34M – $1.79M
NOI $107,478 @ 7.0% cap · market cap 3.59%
Theoretical Best
Multifamily LT 5
$144.35M
$126.30M – $168.41M
NOI $10,104,376 @ 7.0% cap · market cap 337.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,746
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90012, CA
33,851
Population
16,541
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
77%
High-School Grad
3.6 sq mi
ZIP Area
9,403
Density / Sq Mi
$67,635
Median Household Income
$44,901
Median Earnings
$2,116
Median Rent
$686,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space built for audio production with multiple studios, soundproof listening space, offices, and an outdoor terrace.
Where is this flex space located?
The property is located at 1176 W Sunset Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Three professionally designed recording and mastering studios; Soundproof listening room plus private offices and open workspaces; Conference and collaboration rooms
