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MULTIFAMILY NEWS
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Local Law Firm Pays $2.9 Mil for Studio City Mixed-Use Property

3/31/23

A 6.6k sf mixed-use property in Studio City traded for $2.9 mil, or $437/sf. The property, situated on an 8.3k sf lot at 3611 Cahuenga Blvd, consists of a residential triplex built in 1960 and five units of office space built in 1973.

Constructed in 1960 (residential) and 1973 (office) on a 8,308 square foot lot, 3611 Cahuenga Boulevard is a 6,635 square foot mixed-use commercial building comprised of a spacious residential triplex above a 5-unit office building with views of the east San Fernando Valley.

The well-maintained property is situated in a high-traffic area of the Cahuenga Pass with views of the east San Fernando Valley. Features include separate gas and electric meters, a central water heater and 15 parking spaces. Zoned LAC2, the property allows for a diverse range of uses including office, retail, residential and mixed-use.

The property is in a prime Studio City area, minutes to Universal Studios, Universal City Walk, and the 101, 134, and 170 Freeways for easy access to Los Angeles County. A myriad of shopping and entertaining amenities surrounds the site. The new owner plans to expand their immigration law practice in the office space and lease the residential units.

Ana Soulriver with NAI Capital Commercial represented the buyer, a law firm, and assisted in assembling a finance and inspection team to complete the time sensitive transaction. The seller was repped by CBRE.





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