1108 Tamarind Ave - Loft/Creative Space FOR SALE


Los Angeles, CA 90038- Hollywood
$6,250,000 USD
213-943-1822
1108 Tamarind Ave, Los Angeles, CA for Sale
$6,250,000 USD
Loft/Creative Space - FOR SALE
1/10
null | Request Cap Rate

1108 Tamarind Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Strategic Location: Within the Hollywood Studios District, this Property is Strategically Positioned at the Heart of the Entertainment Industry
  • Multiple Buildings: Comprising Four Separate Buildings, this Property Provides 8,756 Square Feet of Leasable Space, with a Central Patio and more
  • Live/Work Flexibility: The Inclusion of a Live/Work Component Allows for Versatility in Utilization
  • Well-Equipped Facilities: Equipped with Multiple Kitchens, 24 Private Offices, Dozens of Support Staff Desks, and Ample Amenities
  • Unique Features: The Property's High Ceilings and Distinctive Campus-Like Layout Set it Apart, Offering a Unique and Inspiring Environment
  • Versatile Zoning: With its CM-1VL Zoning Designation, this Property is Perfectly Suited for Various Types of Uses

OVERVIEW

Located at 1108 to 1112½ Tamarind Avenue in Los Angeles, California, this property offers an exceptional investment opportunity for studio use. Once the residence and studio of the late June Claire Wayne (1918-2011), the property has a rich history as the birthplace of the Tamarind Lithography Workshop, founded with the support of the Ford Foundation in 1960. This workshop played a pivotal role in revitalizing lithography in the United States and has left a lasting legacy. Situated within the Hollywood Studios District and governed by a city-certified Neighborhood Council dedicated to advocating for land uses related to movie and media production, this property is strategically positioned for success in the entertainment industry. The property's physical attributes make it an excellent fit for media, light manufacturing or medical uses. It comprises four separate buildings, offering a total of 8,756 square feet of leasable space on a generous 13,068-square-foot lot. A central patio seamlessly connects these buildings, fostering a collaborative and inspiring campus-like atmosphere that encourages creative work environments. The live/work component of the property provides flexibility for artists and creative professionals, making it a comprehensive studio solution. It comes equipped with two full kitchens and one half kitchen, ensuring culinary needs are met. Additionally, it offers 24 private offices, dozens of support staff desks, including a built-in six-office cubicle, accommodating various studio-related operations. With six bathrooms and four showers, convenience is paramount for studio users. The open floor plans are move-in ready, minimizing setup time and costs, making it an efficient choice for studio operations. The property's zoning, CM-1VL (Commercial Manufacturing in the City of Los Angeles, is well-suited for various commercial, limited manufacturing, and medical uses, making it an attractive option for studio operations, including art and media studios, lithography, and film production. The flexible zoning allows for creative adaptation to meet the specific needs of users. The property also benefits from assembly bill (AB 2097 - reduced parking requirements. Strategically located just off Santa Monica Boulevard in the heart of Hollywood's entertainment industry, the property benefits from its proximity to major studios, including Netflix and Paramount Studios. It also enjoys convenient access to iconic Hollywood landmarks, such as Sunset Boulevard and the Hollywood Walk of Fame. This property offers unique and sought-after features for studio users, including high ceilings and a distinctive campus-like layout, making it an ideal investment for those in the creative industry seeking an inspiring and functional studio space with a rich artistic history and an adaptable zoning designation.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$714 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Owner User Opportunity

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

undefined, undefined, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

CM-1VL

APN/PARCEL ID

5534-010-011,5534-010-012

ASK ABOUT THIS PROPERTY

Orbell OvanessMarcus & MillichapMore Info
213-943-1822

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Orbell OvanessMarcus & MillichapMore Info
213-943-1822

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