3131 Cahuenga Boulevard W consists of approximately 3,665 square feet two story free standing office building on 5,746 square foot parcel. The ground floor space which is currently utilized as an office/ post production facility has a creative space/production environment featuring multiple audio / video and technician rooms, excellent HVAC, fiber connectivity and a kitchen. The buildings flexible layout and multi-tenant corridors on both floors allows a user to occupy all or a portion of the building. The property benefits include ample parking and provides an excellent creative space well suited for media and entertainment industry.
Rather than paying rent to a landlord or investing in an alternative investment, an Owner/User will pay the property mortgage providing a more attractive after-tax return to the principal owner along with enjoying long term equity buildup in the investment. Additionally, now is an opportune time to lock in long term fixed rate financing at historically low interest rates to secure a long term fixed operating cost structure and provide for a hedge against anticipated rental rate increases and inflation.
The property is in the Universal City/Hollywood sub-market which is easily accessible to both the San Fernando Valley as well as the greater Los Angeles area. In addition, the property strategic location is within proximity of the Universal City/Studio City Metro Rail and near several major commuter routes south/west of the 101 freeways.
Fundamentally the Universal City/Hollywood submarkets are a highly desirable location for entertainment and technology users and historically boasts the lowest vacancy rates in Los Angeles. The subject property is also part of the Ventura Cahuenga Boulevard corridor specific plan area