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The Studios on Tamarind - Hollywood 1108 Tamarind Ave

8,756 SF Office Building Los Angeles, CA 90038 $6,250,000 ($714/SF)

Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
8,756 SF
Building Class
B
Year Built
1963
Price
$6,250,000
Price Per SF
$714
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,756 SF
Building FAR
0.67
Land Acres
0.30 AC
Opportunity Zone
Yes
Zoning
CM-1VL - CM-1VL, also TOC Tier 2
Parking
9 Spaces (1.03 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning
Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5534-010-011
  • 5534-010-012
Land Assessment
$2,403,646
Improvements Assessment
$721,084
Total Assessment
$3,124,730
  • Listing ID: 32478514

  • Date on Market: 7/16/2024

  • Last Updated:

  • Address: 1108 Tamarind Ave, Los Angeles, CA 90038

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