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