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4412 Whitsett Ave 3,625 SF Office Building Studio City, CA 91604 $1,925,000 ($531.03/SF)
Investment Highlights
- Freestanding Building
- Potential Redevelopment for Multi Family and Affordable/Workplace Housing
- Great Signage Identity on a main street within a Residential and Retail neighborhood
Executive Summary
FOR SALE, first time in over 24 Years.
This property has the ultimate optionality with the ability to accommodate many possible uses such as:
- Recording Studio: The property was previously the home to Studio City Sound, a well known recording studio for top musicians
- Office: Small business opportunity to own your property for your business and close to home
- Retail: Centrally located to affluent residential neighborhood for a local serving retail business
- Medical: Prime location for a medical practice, dental or orthodontic group, wellness etc.
- Multi Family: Market rent or affordable housing
For MEDICAL conversion parking reduced parking requirements and MULTIFAMILY and AFFORDABLE HOUSING DEVELOPMENT, look at the zoning, local and state voter approved measures such as:
Transit Oriented Communities (TOC) https://planning.lacity.gov/odocument/39fae0ef-f41d-49cc-9bd2-4e7a2eb528dd/TOCGuidelines.pdf
AB 2097 Entitlement Area for minimum parking requirements https://planning.lacity.gov/odocument/ecf69160-4a89-4078-a0b6-15ad6fdfbc33/
ZI-2452 Transit Priority Area
ZI-2498 Local Emergency Temporary Regulations
This property has the ultimate optionality with the ability to accommodate many possible uses such as:
- Recording Studio: The property was previously the home to Studio City Sound, a well known recording studio for top musicians
- Office: Small business opportunity to own your property for your business and close to home
- Retail: Centrally located to affluent residential neighborhood for a local serving retail business
- Medical: Prime location for a medical practice, dental or orthodontic group, wellness etc.
- Multi Family: Market rent or affordable housing
For MEDICAL conversion parking reduced parking requirements and MULTIFAMILY and AFFORDABLE HOUSING DEVELOPMENT, look at the zoning, local and state voter approved measures such as:
Transit Oriented Communities (TOC) https://planning.lacity.gov/odocument/39fae0ef-f41d-49cc-9bd2-4e7a2eb528dd/TOCGuidelines.pdf
AB 2097 Entitlement Area for minimum parking requirements https://planning.lacity.gov/odocument/ecf69160-4a89-4078-a0b6-15ad6fdfbc33/
ZI-2452 Transit Priority Area
ZI-2498 Local Emergency Temporary Regulations
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,625 SF
Building Class
C
Year Built
1951
Price
$1,925,000
Price Per SF
$531.03
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,625 SF
Slab To Slab
11’
Building FAR
0.41
Lot Size
0.20 AC
Zoning
C2-1 - Transit Oriented Community
AB 2097 Entitlement Area
ZI-2452 Transit Priority Area
ZI-2498 Local Emergency Temp Regs
Use Code 1200 - Commercial, Store
Parking
8 Spaces (2.21 Spaces per 1,000 SF Leased)
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2364-016-035 | Improvements Assessment | $463,123 |
| Land Assessment | $378,917 | Total Assessment | $842,040 |
Property Taxes
Parcel Number
2364-016-035
Land Assessment
$378,917
Improvements Assessment
$463,123
Total Assessment
$842,040
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4412 Whitsett Ave
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