Industrial Building with Studio
7315 Atoll Avenue North Hollywood, CA 91605
7315 Atoll Avenue, North Hollywood, CA, 91605
$2,699,000
For Sale
$2,699,000
Industrial property with partial recording studio build-out, including multiple studios, offices, and a single lane bowling alley.
Property Size8,330 SF
Price / SF$324.01
Days on Market944
Property Features for 7315 Atoll Avenue
General Information
- Standard status
- Active
- Size
- 8,330 SF
Building Details
- Year Built
- 1950
Listing agency
DANCO Inc.
(310) 842-8234
Listed by
Daniel Perlstein · License #01325358
(310) 842-8234
Source
Compass
Added: Dec 21, 2023 Updated: Jul 22 at 11:35AM Checked: Jul 22 at 11:35AM
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 DANCO Inc.
Investment Insights
Based on property information with market context.
This industrial building is currently partially built out for a recording studio concept. The space includes eight studios, six bathrooms, heavy-duty soundproofing, a kitchen, and a lounge area, along with one lane of bowling. The property also includes a second-story office space and a rooftop deck, plus gated and ungated parking.
The building is located just north of Sherman Way, between Coldwater and Woodman, at 7315 Atoll Avenue in North Hollywood, California.
The electrical service includes Phase 3 400 amp power and single-phase 400 amp power. The property is offered for sale in “as is” condition, and buyers are responsible for verifying the condition of existing improvements.
The building is located just north of Sherman Way, between Coldwater and Woodman, at 7315 Atoll Avenue in North Hollywood, California.
The electrical service includes Phase 3 400 amp power and single-phase 400 amp power. The property is offered for sale in “as is” condition, and buyers are responsible for verifying the condition of existing improvements.
Key Highlights
- Industrial building built in 1950
- Partial recording studio build‑out with 8 studios and heavy‑duty soundproofing
- Includes 1 lane bowling alley, kitchen, and lounge area
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $319.9k | $38.40 |
| − Vacancy | −$77.1k | −$9.25 |
| EGI | $242.8k | $29.15 |
| − OpEx | −$60.7k | −$7.29 |
| NOI | $182.1k | $21.86 |
8,330 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.60M
$2.28M – $3.03M
NOI $182,087 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.46M
$3.90M – $5.20M
NOI $312,189 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bowling alleys
Similar For Sale Nearby
FAQs
What type of property is this?
Bowling alley - Industrial property with partial recording studio build-out, including multiple studios, offices, and a single lane bowling alley.
Where is this bowling alley located?
The property is located at 7315 Atoll Avenue North Hollywood, CA.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: Industrial building built in 1950; Partial recording studio build‑out with 8 studios and heavy‑duty soundproofing; Includes 1 lane bowling alley, kitchen, and lounge area
