Figure 8 represented the Buyer, an awarded and highly respected boutique post production company in the purchase of this coveted asset. Amidst multiple competing offers, Figure 8 was able to secure the property and negotiate a $445,000 price reduction. The existing building boasts an open floor plan with exposed beams, providing great bones for the planned creative office buildout. The large, commercially zoned, corner lot provides the added value of future expansion or redevelopment as the company grows. Located just north of Melrose Avenue in the heart of Hollywood’s booming Media District, the property is in close proximity to the expanding Paramount Studios, Milk Studios, Hollywood Center Studios and numerous post production facilities as well as restaurants including Osteria Mozza, Grub, Rao’s & Cafe Gratitude.