Creative Production/Office Portfolio FOR SALE


North Hollywood, CA
$6,990,000 USD
310-859-8100
, North Hollywood, CA for Sale
$6,990,000 USD
FOR SALE
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Creative Production/Office Portfolio
North Hollywood, CA


HIGHLIGHTS

  • 21 Soundproof & Acoustically Treated Rooms Across Two Properties
  • Low Vacancy (Less Than 5%). Strong Cash Flow With Stabilized Rents For 7+ Years. Low Expenses & Maintenance Costs
  • Rooftop Deck/Lounge
  • Onsite Parking & Unrestricted Street Parking
  • Business & Brand Included In Deal
  • Buildings Fully Permitted & Remodeled in 2020/2023 - All New Plumbing, Electric & HVAC. State-of-the-Art Security & Access System

OVERVIEW

David Passman and Taylor Hasselhoff invite you to explore a rare and exceptional opportunity: A portfolio of meticulously crafted commercial properties designed for the discerning creative professional. These unique, multi-use spaces at 10440 & 10442 Burbank Boulevard offer more than just a workspace; they provide a haven for creative production, a sophisticated blend of form and function designed as a turnkey business. This portfolio comprises two distinct yet seamlessly integrated buildings, boasting 21 soundproof and acoustically treated rooms. Located on Burbank Boulevard, this prime location offers excellent access to the area's thriving media and entertainment hub. *Approved LADBS plans are in place for a three-room addition, maximizing rental income* This is a rare opportunity to acquire a thriving business in a prime location. Full financials and business details are available to qualified buyers and accredited investors. This offering can be acquired as a stabilized lease investment, providing immediate returns, or delivered vacant for an owner/user. Investors can enjoy incredibly low vacancy (less than 5%), remarkably low expenses, and strong cash flow underpinned by over 7 years of stabilized rents. If desired, the established business and brand are included in the sale, ensuring a seamless transition. Beyond the financials, the property exudes quality. A stunning rooftop deck and lounge provides a tranquil escape. A comprehensive renovation in 2020 and 2023 includes all-new plumbing, electrical, and HVAC systems, along with state-of-the-art security. 10440 Burbank Blvd offers approximately 3,690 square feet on a 2,500 square foot lot, while 10442 Burbank Blvd offers approximately 3,092 square feet on a 5,021 square foot lot. Convenient rear parking and ample street parking are available.

ASK ABOUT THIS PROPERTY

David PassmanThe Passman Group IncMore Info
310-859-8100

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David PassmanThe Passman Group IncMore Info
310-859-8100

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