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Property profile & analytics
OFF-MARKET Estimated value $505,000
Industrial properties

1108 Tamarind Ave Los Angeles, CA 90038-1906

5,360 SF 0.15 ac lot Built 1963
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-7687112
Property summary
AI-generated overview

This exceptional investment opportunity presents a rare 8,756 square foot creative office campus in the heart of Hollywood, CA. Located at 1108-1112 1/2 Tamarind Avenue, this property boasts four buildings on a 13,068 square foot lot, offering a unique campus-like atmosphere perfect for collaborative work. Originally the residence and studio of renowned lithographer June Claire Wayne, and the birthplace of the Tamarind Lithography Workshop, this property has a rich history within the entertainment industry. Currently vacant, the property features four buildings, two stories each, built in 1949 and renovated in 1963. The flexible CM-1VL zoning allows for a variety of uses, including media, light manufacturing, or medical. The interior includes 24 private offices, dozens of support staff desks, a six-office cubicle, two full kitchens, one half kitchen, six bathrooms, and four showers. The open floor plans are move-in ready. This property benefits from reduced parking requirements (AB 2097) and its prime location near Santa Monica Boulevard, Netflix, and Paramount Studios. High ceilings and a central patio contribute to a distinctive and inspiring work environment. The asking price is $6,250,000, offering a value-add opportunity for an owner/user. The property is a fee simple ownership with APN 5534-010-011,012.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1963
Construction TILT-UP CONCRETE
Total area 5,360 SF
Lot 0.15 ac (6,500 SF)
Zoning code LACM
APN 5534-010-011
UPID US09-7687112
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
Current use
Occupant on record · Public records
  • Cartel HQ Film Production Television Studio
  • Recording Connection Audio Institute Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$505k
Owner & transaction history
Cartel Ents LLC · 13 yrs held
Cartel Ents LLC
since 2013
4 recorded transactions
2021
Price N/A
2013
$2.6M
2012
Price N/A
1971
Price N/A
Zoning & alternative use
LACM · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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