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.