Creative Space with Recording
For Sale
$5,950,000
3453 Cahuenga Boulevard West, Los Angeles, CA 90068
Six equipped studios, a private patio, and on-site parking support a specialized creative property configuration.
Property Size10,731 SF
Price / SF$554.47
Days on Market58
Property Features for 3453 Cahuenga Boulevard West
General Information
Standard status
Active
Size
10,731 SF
Total Parking Spaces
14
Property subtype
SpecialPurpose
Amenities
Six fully equipped studios
Private patio space
Listing Agency:
JLL Los Angeles | Downtown
(213) 613-3370
Listed By:
Nicole Mihalka · License #01322414
(213) 613-3370
Source:
Cbre
Added: Jul 4
Changed: Aug 30
Last Checked: Aug 30 at 2:23PM
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 JLL Los Angeles | Downtown
Investment Insights
Based on property information with market context.
This creative property comprises six recording studios arranged for different production formats, from smaller control rooms to larger group recording stages. The studios are fully equipped, and the site also includes a private patio and on-site parking for 14 vehicles.
Located at 3453 Cahuenga Boulevard West in Los Angeles, the property is identified with Hollywood’s recording-studio environment. The range of studio configurations provides distinct production areas within one specialized complex, while the patio and dedicated vehicle parking add supporting amenities to the facility.
Located at 3453 Cahuenga Boulevard West in Los Angeles, the property is identified with Hollywood’s recording-studio environment. The range of studio configurations provides distinct production areas within one specialized complex, while the patio and dedicated vehicle parking add supporting amenities to the facility.
Key Highlights
- Six fully equipped recording studios
- Studio mix includes control rooms and larger group recording stages
- Private patio space
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
$254,714
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
4.28%
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%
$5,094,280
$5.1M
Cap Rate 7%
$3,638,771
$3.6M
Cap Rate 9%
$2,830,156
$2.8M
Market Conditions
NOI Build-Up for 10,731 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
$417.2K $38.88/SF
− Vacancy
−$77.6K −$7.23/SF
EGI
$339.6K $31.65/SF
− OpEx
−$84.9K −$7.91/SF
NOI
$254.7K $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%
$5,094,280
Cap Rate 7%
$3,638,771
Cap Rate 9%
$2,830,156
Alternative Uses
Best Use
Office B
$3.64M
$3.18M – $4.25M
NOI $254,714 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$217.40M
$190.23M – $253.64M
NOI $15,218,253 @ 7.0% cap · market cap 255.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,480
Businesses Nearby
Explore this area
Business Placement
Demographics for 90068, CA
24,361
Population
14,662
Households
1.7
Avg Household Size
41
Median Age
64%
College-Educated
98%
High-School Grad
8.0 sq mi
ZIP Area
3,045
Density / Sq Mi
$101,720
Median Household Income
$71,370
Median Earnings
$2,105
Median Rent
$1,840,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Creative space - Six equipped studios, a private patio, and on-site parking support a specialized creative property configuration.
Where is this creative space located?
The property is located at 3453 Cahuenga Boulevard West Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Six fully equipped recording studios; Studio mix includes control rooms and larger group recording stages; Private patio space
