New search
Property profile & analytics
FOR LEASE
Data centers and call centers
1041 North Formosa Ave, West Hollywood, CA 90046
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-8098467
For Lease
$5 SF/Yr
1041 North Formosa Ave, West Hollywood, CA 90046
View Listing →
Property summary
AI-generated overview
This exceptional creative office space, located at 1041 N Formosa Ave in West Hollywood, CA 90046, offers 48,520 square feet of vacant space within a 160,533 square foot building. Situated on the historic grounds of MGM and Pickford-Fairbanks Studios, this property boasts a campus-like environment perfect for collaborative work. Individual suites range from 7,205 to 23,816 contiguous square feet, providing flexibility for various business needs. Built in 1994, the building features 14-foot ceilings and is located in the West Hollywood submarket of Los Angeles County. The property's prime location offers unparalleled opportunities for networking and collaboration within the media community, with neighbors including HBO and Heartbeat Productions. This unique offering combines the benefits of a professional workspace with the vibrant energy of a creative hub. The multiple tenancy structure allows for diverse occupancy, fostering a dynamic and inspiring atmosphere. This is more than just an office
Property profile
Verified
Property type
Data centers and call centers
Use group
RADIO OR TV STATION
Year built
1938
Construction
WOOD
Total area
255,868 SF
Lot
9.58 ac (417,132 SF)
Zoning code
WDC2C*
APN
5531-018-001
UPID
US09-8098467
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.27M
Owner & transaction history
The Lot In West Hollywood LLC · 1 yrs held
The Lot In West Hollywood LLC
since 2025
7 recorded transactions
Zoning & alternative use
WDC2C* · West Hollywood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Hollywood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$71 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,787,342
Tax year 2024
Assessed value
$228,189,451
Assessed 2024
Previous assessed
$228,189,451
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$56,534,886
Assessed improvement
$171,654,565
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Data centers and call centers
Use group
RADIO OR TV STATION
Status
For Lease
Year built
1938
Construction
WOOD
Heating
NONE
Buildings
5
Stories
1
Units
733
Total area
255,868 SF
Lot
9.58 ac (417,132 SF)
Zoning code
WDC2C*
APN
5531-018-001
UPID
US09-8098467
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
WDC2C* · West Hollywood, CA
Zoning WDC2C* · permitted uses
WDC2C* · West Hollywood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Hollywood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1938
Construction
WOOD
Heating
NONE
Stories
1
Buildings
5
Units
733
Lot
9.58 ac
Current owner
From public records · entity-resolved
The Lot In West Hollywood LLC
Entity
Mailing address
PO BOX 131237, CARLSBAD, CA 92013-1237
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2025
—
The Lot In West Hollywood LLC
Studio Lending Group LLC
Grant Deed
$155,000,000 · Blue Sky Servicing LLC
May 20, 2024
—
Studio Lending Group LLC
Studio Lending Group LLC
Intrafamily Transfer
related
—
Mar 29, 2018
—
Studio Lending Group LLC
—
Deed
related
—
Dec 14, 2015
—
Studio Lndg Grp LLC
—
Deed Of Trust
related
$99,725,000 · Pacific Wstrn Bk
Aug 22, 2007
$15,000,000
Studio Lending Group LLC
Ba Studios LLC
Grant Deed
—
Jan 6, 2005
—
Ba Studios LLC
—
Deed Of Trust
related
$42,000,000 · First Bank
Dec 28, 1999
$2,653,500
Ba Studios LLC
Time Warner Entertainment Co
Grant Deed
$35,000,000 · Sanwa Bank California Trustee
Jul 1, 1992
$5,693,045
Time Warner Entertainment Co LP
—
Grant Deed
related
—
—
—
Ba Studios LLC
—
Deed Of Trust
related
$54,000,000 · Studio Lending Group LLC
—
—
Studio Lending Group LLC
—
Deed Of Trust
related
$36,000,000 · Pacific Western Bank
—
—
Studio Lending Group LLC
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
