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$2,500,000

Beds
Unknown
sq ft
3,312

3341 Cahuenga Blvd W, Los Angeles, CA 90068

3341 Cahuenga Blvd W

Los Angeles, CA 90068

  • 235 days on market
    • Price drop $250,000↓
3341 Cahuenga Boulevard presents an excellent opportunity for either an owner user or investor seeking to acquire a recently renovated multi-use property in the vicinity of Universal City. This two-story building, spanning 3,312 square feet, currently serves as asocial entertainment club. The property features a rooftop deck and a back patio, adding an extra 2,000 square feet of usable space. The permitted rooftop deck is particularly valuable in today's market, given the high demand for outdoor areas. Recent extensive renovations include updates to infrastructure systems, such as new plumbing, electrical, roof, and HVAC on both floors. Designed as a social entertainment club, the ground floor boasts raised floors, high ceilings, spacious rooms, excellent HVAC, fiber connectivity, and robust power capabilities. The building's flexible layout, ample outdoor spaces, and numerous corridors make it well-suited for various purposes, including entertainment venues, lounges, retail spaces, or creative office use. Additionally, there are 45 parking spaces available across the street for lease by anew owner or tenant. Situated just one block east of Universal Studios Boulevard, the property offers easy access to the San Fernando Valley, Hollywood, andGreater Los Angeles. Its strategic location provides close proximity to the Universal City/Studio City Metro Rail and convenient access to major commuter routes, including the 101 freeway.

Details

Property type

Est. home value

$2,826,568

Lot size

3,595 sq ft

Price per sq ft

$755

Year built

1952

HOA

No

Price History

06/26/2024
CLAW

CLAW #24352645

Price change
$2,500,000
-9.09%
02/29/2024
CLAW

CLAW #24352645

Price change
$2,750,000
-3.51%
01/29/2024
CLAW

CLAW #24352645

Listed
$2,850,000

Schools & Community

Neighborhood: 

Hollywood Hills

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Commercial Bank & Trust Of Pa

Loan start date

June 2018

Original loan amount

$1,827,000

Est. remaining balance

Not provided

Interest rate

3.77%

Loan type

Commercial

Seller

Armen Hagopjanian

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/21/2024 at 5:40 AM

Listing updated: 08/13/2024 at 12:44 PM

Listed by: Gil Corber, Propnation, Inc. Phone #: (310) 367-7611

MLS: CLAW #24352645

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