INDUSTRY
INSIDER

VALUABLE INSIGHTS ON ALL THINGS REAL ESTATE DEVELOPMENT, MARKETING, AND SALES

Sort by Category

new development - Hana Cha

Article By:

HANA

Category

Share Article:

In the Press: HOLLYWOOD REPORTER

New Studio City Townhouses Draw Digital Creators Thanks to Hybrid Zoning

Digital content makers are buying at new development, with homes starting at $1 million, on the edge of Studio City.

The next evolution in creator houses is here — and legal: Thirty Four Fifty West is as collective of townhouses starting at $1.015 million where the light-filled, multifloor units all have rare-for-Los Angeles live/work zoning approval.

Located at the edge of Studio City, across from Universal Studios, Thirty Four Fifty West has hybrid zoning that permits people to have a full professional office or creative studio with industrial grade electrical and the like in spaces where they can also live in luxury. The technical zoning designation is C2-1-VL, which means the base zoning is general commercial with the 1-VL classification permitting a live-work use.

According to Hana Cha at The Agency Development Group, 12 units have sold in 12 weeks to buyers including TikTok and YouTube creators. (Three more are in escrow.)

“We’ve had a tremendous response from creatives, who are responding to the location and flexibility of the live-work setup,” says Guy Penini, principal at BLDG Partners, the company that developed and owns the building. “The residences are self-contained studios where buyers can shoot, edit and produce work without leaving their home base [and] with tons of privacy and great light.” Most buyers use the first and second stories as creative office areas, reserving the third floor as private residential.

Internet personality Andrew “King Bach” Bachelor is among the buyers at the new development project. “The convenient location … is what attracted me to the space,” he says. “I immediately fell in love with the functionalities of the unit. It is the perfect space to create, relax and get business done.”

A version of this story first appeared in the July 21 issue of The Hollywood Reporter magazine. Read Full Article Here

OTHER INSIGHTS

Press
May 09, 2024
HANA
Press
Apr 19, 2024
HANA
Press
Apr 09, 2024
HANA

JOIN OUR MONTHLY INDUSTRY INSIGHTS NEWSLETTER

First Name
Email
Last Name
What are you interested in?
Scroll to Top

Become a
    Partner

Join the Collective Marketplace
First Name
Email
Company Name
How long have you been in business?
Last Name
Phone
Industry
City

Enroll in
    the Assembly

Ready to become an expert? Let’s get started.
First Name
Email
Last Name
What are you interested in?

Join the     Newsletter

This is just the beginning. Subscribe to stay up-to-date.

First Name
Email
Last Name
What are you interested in?