SOLD! Mid-City Flex Production Studio

Sold building on Pico Blvd

We recently closed on this beautiful Mid-City flex production studio located at 5369 W Pico Blvd. Here are the sale details:

• Sale Price: $2,175,000
• Sold at 95% of list price
• Seller client is performing a 1031 exchange
• Tiao Properties helped client identify a replacement property before close of escrow
• Client is in escrow on replacement property


Property Details:
• Short distance to several restaurants/businesses along W Pico Blvd and stone’s throw to The Grove and Melrose
• Centrally located in Mid-Town with easy access to 10 Fwy, West Hollywood, Beverly Hills, Culver City, and DTLA
• Delivered vacant, the first floor is currently used for photo shoots, video production, and podcasts and has several offices, bathrooms, make-up room, and sound booth
• Second Floor currently leased to private gym operator
• The first floor flex space has two-story high ceilings-building has four parking spaces total
• Estimated income* gives a GRM of 16.83 and a cap rate of 5.32%
*income of lower space estimated at $2.25/SF-currently used by owner **Property information/SF deemed to be reliable but not guaranteed. Buyer is advised to independently verify the accuracy of all information

Please reach out to Will Tiao at (323) 363-1096 or email if you have any questions.

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