3211 Cahuenga Blvd W - Loft/Creative Space FOR SALE


Los Angeles, CA 90068- Hollywood Hills
$5,790,000 USD
323-363-4963
3211 Cahuenga Blvd W, Los Angeles, CA for Sale
$5,790,000 USD
Loft/Creative Space - FOR SALE
1/23
null | Request Cap Rate

3211 Cahuenga Blvd W
Los Angeles, CA 90068
Hollywood Hills


HIGHLIGHTS

  • 3211 Cahuenga Boulevard W presents a 12,543 SF office asset for sale with flexible owner/user or investment potential with seller financing available.
  • Spanning 125 feet of frontage on Cahuenga Boulevard at the intersection with Barham Boulevard travelled by a total of 25,000 CPD.
  • Fully renovated 2nd-floor office space with new luxury finishes and open layout. 1st floor delivered in shell condition to allow for custom build-out.
  • Convenient freeway access to 101 and 134, and proximity to all major film and production studios, including Warner Bros, Disney, and Paramount.
  • High image, all-glass façade building featuring large floor-to-ceiling windows, two private and secured entrances, and an abundance of parking.
  • Thriving Universal City and Studio City Infill Submarket with affluent demographics where the average household income in a 1-mile radius is $159K.

OVERVIEW

CBRE is pleased to present, as exclusive advisor, 3211 Cahuenga Boulevard West, a multi-purpose office building in the highly desirable submarket of Universal City. The infill location has strong demand and high barriers to entry. The property is well-positioned at the major intersection of Cahuenga Boulevard and Barham Boulevard, near many major studios, including Disney, Warner Bros., Paramount, and others. The intersection has an average daily traffic count of 25,000 vehicles. 3211 Cahuenga Boulevard West will be delivered vacant. The property was renovated in early 2021 and received over $1.5MM in capital improvements, including upgrades to the exterior and interior of the building. The second level boasts an open floor plan with high ceilings and exposed wood beams, an all-glass floor-to-ceiling façade, 14 private luxury offices, a spacious bullpen area, an oversized high-tech conference room, numerous skylights, and a full-service kitchen. The first level will be delivered in a “vanilla shell,” which gives an owner/user or investor a unique opportunity to configure the space based on one’s own needs. Currently, there are three large common-area restrooms on the second level and two on the first level. High visibility and street frontage provide an opportunity for the use of building signage. Universal City or Universal Studios Complex is an unincorporated area within the San Fernando Valley region of Los Angeles County, California, United States. Approximately 415 acres (0.65 square miles), within and immediately outside the area, is the property of Universal Pictures (NBCUniversal’s film studio), one of the five major film studios in the United States: about 70% of the studio’s property is inside this unincorporated area, while the remaining 30% is within the Los Angeles city limits. Universal City is nearly surrounded by Los Angeles, with the area’s northeastern corner touching the city of Burbank. Located within the area of Universal City is the film studio complex Universal Studios Lot and the theme park Universal Studios Hollywood, as well as the Universal CityWalk shopping and entertainment center. Within the Los Angeles city limits lies 10 Universal City Plaza, a 36-floor office building for Universal and NBC; the Sheraton Universal; and the Universal Hilton. The Metro B Line underground station of the same name is located opposite the 10 Universal Plaza. For more information, please contact Emil at CBRE at 323-363-4963. This property is also available for sale.

FOR SALE DETAILS

PRICE

$5,790,000 USD

PRICE/SF

$462 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

R&D, Storefront Retail/Office, Showroom

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

C2

APN/PARCEL ID

2429-010-031

ASK ABOUT THIS PROPERTY

Emil GurfinkelCBRE, Inc.More Info
323-363-4963

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Emil GurfinkelCBRE, Inc.More Info
323-363-4963

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.