Cahuenga Investors buys iconic Hollywood recording studio for $6.1M

The likes of Stevie Wonder, David Bowie and Bonnie Raitt have recorded music at the famous Hollywood studio Grandmaster Recorders.

But the building at 1518 N. Cahuenga Boulevard will soon be singing a different tune now that an entity dubbed Cahuenga Investors snatched it up for $6.1 million, with plans to redevelop it into a restaurant and/or lounge.

The seller of the two-story structure was the family of the late musician Alan Dickson, who purchased it in the 1970s and turned the former Bijou Theater into a recording studio, the Los Angeles Times reported. Dickson died last year.

Kathleen Silver of Silver Commercial Inc. brokered the deal.

Rick Moses of Cahuenga Investors said the building would no longer be used for recording, but hopes to incorporate some of the “funky appeal” of the 9,200-square-foot property into restaurants or a lounge.

Moses, formerly chief development officer at Caruso, told the L.A .Times he expects to open the redeveloped property next year. [LAT] — Subrina Hudson