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 Market103
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:
CBRE - Downtown Los Angeles
Listed By:
Nicole Mihalka · License #01322414
(213) 613-3370
Source:
Cbre
Added: Jul 4
Changed: Oct 3
Last Checked: Oct 12 at 4:50PM
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 CBRE - Downtown Los Angeles
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 / Yr
$254,714
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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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
