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    3450 Cahuenga Blvd Los Angeles, CA 90068

    • Office Properties & Spaces
    • 2,361 SF
    • 2.55 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The MRN Agency / Business Management Consultant / Business To Business Service
    • Kagasoff Diamond Broker Los Angeles / Jewelry Appraiser / Jewelry Buyer
    • MRN Agency / Marketing Agency
    • The Cinema Foundation / Non-Profit Organization
    • A2Z REPRESENTS, INC. / Distribution Service

    Property Details for 3450 Cahuenga Blvd

    Year built
    2008
    Lot size
    2.55 lot acres
    Property size
    2,361 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Description

    This exceptional 2,361-square-foot creative office space in Studio City, Los Angeles, is offered at $1,475,000. Built in 2008, this unique property sits on a 2.55-acre lot and boasts expansive 12-18 foot high exposed beam ceilings and lofts, creating a bright and open workspace ready for immediate occupancy. The layout includes three offices/bedrooms, three bathrooms, a private restroom, and a kitchen equipped with a refrigerator, stove, and dishwasher. Enjoy the luxury of private balconies, a landscaped private yard, and a two-car garage, providing ample connected outdoor space. Additional amenities include a game area, BBQ area, lounge area, dog walk, and valet visitor parking. The property features a gated entry and offers stunning views of the Hollywood Hills. Its central location provides easy access to the entertainment hubs of the East Valley, Burbank, and Hollywood, making it an ideal live/work option with a private entrance and no shared interior common areas. This property presents a rare opportunity to acquire a truly unique and well-appointed creative office space in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.354
    Latitude
    34.1326

    Comparable in this City

    • Value Estimation
      $295,000
      147,300 SF

      3575 Cahuenga W Blvd

      OFFICE BUILDING (MULTI-STORY) • 147,300 SF
      3575 Cahuenga W Blvd, Los Angeles, CA 90068-1366
      View Details
    • Value Estimation
      $4,825,000
      36,711 SF

      3151 Cahuenga W Blvd

      OFFICE BUILDING (MULTI-STORY) • 36,711 SF
      3151 Cahuenga W Blvd, Los Angeles, CA 90068-1768
      View Details
    • Value Estimation
      $360,000
      1,836 SF

      3479 Cahuenga W Blvd

      OFFICE BUILDING • 1,836 SF
      3479 Cahuenga W Blvd, Los Angeles, CA 90068-1338
      View Details
    • Value Estimation
      $2,995,000
      1,295 SF

      3625 Cahuenga W Blvd

      OFFICE BUILDING • 1,295 SF
      3625 Cahuenga W Blvd, Los Angeles, CA 90068-1205
      View Details
    • Value Estimation
      $2,240,000
      4,646 SF

      1956 Cahuenga Blvd

      OFFICE BUILDING • 4,646 SF
      1956 Cahuenga Blvd, Los Angeles, CA 90068-3853
      View Details
    • Value Estimation
      $295,000
      2,244 SF

      3487 Cahuenga W Blvd

      OFFICE BUILDING • 2,244 SF
      3487 Cahuenga W Blvd, Los Angeles, CA 90068-1338
      View Details

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    Similar Nearby for Lease

    • $30 SF/Yr
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      Prime LA Office, Multiple Suites Available
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      View Details
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    • $0.15 SF/Yr
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      Office Space for Lease

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      Prime Cahuenga Blvd West Office Suites

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      View Details
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    Los Angeles, CA 90068
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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