950 N Cahuenga Blvd - Service FOR SALE


Los Angeles, CA 90038- Hollywood
$14,500,000 USD
949-221-1807
950 N Cahuenga Blvd, Los Angeles, CA for Sale
$14,500,000 USD
Service - FOR SALE
1/7
null | Request Cap Rate

950 N Cahuenga Blvd
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Prime Hollywood Media District location near major studios and entertainment in a high-barrier market.
  • Over 1M SF of new development driving gentrification, boosting property values and long-term area growth.
  • Flexible zoning allows for office, retail, and industrial use with a campus-style layout ideal for multi-use or income-generating potential.
  • Rare signalized hard corner location with valuable on-site parking in a highly constrained media district.
  • Rare in-place pole signage offers high visibility and added value in a district where new approvals are hard to obtain.
  • Densely populated area with 1M residents within 5 miles and a strong \$125K AHHI, ideal for attracting a skilled local workforce.

OVERVIEW

CALL TO SHOW. FOR BROCHURE - CLICK LINK BELOW OR EMAIL LISTING AGENT OWNER/USER OR INVESTOR OPPORTUNITY SHORT TERM LEASES IN PLACE WITH NO OPTIONS FOR ADDED INCOME - INQUIRE WITH LISTING AGENT Faris Lee Investments is pleased to bring to market an opportunity to acquire an owner/user or investment property in the heart of the Hollywood Media District at 950 N. Cahuenga Blvd., Los Angeles, CA. The property is flanked by many prominent studios such as Paramount Pictures and Quixote. While the area has been ground zero for the creative and production side of the movie industry for decades, of late, it is experiencing a high level of gentrification. More than 1 million square feet of new development or repurposing is currently under construction or planned within the Hollywood Media District (see page 8 herein). The property is within walking distance to the Hollywood/Cahuenga corridor restaurants as well as having easy access to major thoroughfares including Santa Monica Blvd., Sunset Blvd., Hollywood (101) Freeway, the Hollywood and Vine station, and the Metro. Given the flexible zoning of the property, the owner/user will be able to operate various uses such as retail, office, and light industrial. The building includes such amenities as high ceilings throughout, dock-high truck well loading, and 4 ground level roll up doors. The flexible zoning and 3 separate buildings in this one location will create needed synergy for businesses looking to operate multiple divisions under one roof. Aside from the Hollywood Media District location, the ability to acquire a hard corner parcel at a signalized intersection is an extremely rare opportunity. The immediate area is densely populated (over 1 million residents within a 5-mile radius) with average annual household income in excess of $125,000 providing an ample and educated labor base for any employer. The property is in a central location to the surrounding cities of West Hollywood, Beverly Hills, and Hancock Park.

FOR SALE DETAILS

PRICE

$14,500,000 USD

PRICE/SF

$1,399 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Media District | Off-Ind-Retail | Own or Inv

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1921

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

14 Ft

DOCKS

1

DRIVE INS

4

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.62

LAND SF

27,007

ZONING

MR1

APN/PARCEL ID

5533-019-001

ASK ABOUT THIS PROPERTY

Shaun RileyFaris Lee InvestmentsMore Info
949-221-1807

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Shaun RileyFaris Lee InvestmentsMore Info
949-221-1807

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