That does seem pretty dang cheap, especially considering that it appears that price includes the entire functioning business - the built-out facility, the Neve VR, a ton of mics, about a zillion dollars / hours worth of custom wiring, LED lighting, a separate parking lot down the block, etc.
I followed the build thread from the very start on Gearslutz - check it out, it's absolutely nuts. Here it is:
https://www.gearslutz.com/board/pho...cts/341598-bridge-recording-studio-build.html
I remember when that thread first started, I bookmarked it because I was looking at a house with a pair of gigantic concrete garages that I could build out into a 26x42 foot composing room and a 32x42 foot live room. I got a look at the initial photos on that build thread and thought, "I need a space that big".
(cue the Arrested Development narrator: "he doesn't")
As the thread progressed I kept watching because I became enthralled at the sheer insanity of the build - they used up all the Green Glue on the west coast, had pallets of lead sheeting, custom mahogany diffusers, an ridiculous wire list, etc. Then, when it came time for the actual gear, they got the conductor's podium from some famous scoring stage that had closed down, the music stands with attached headphone boxes from another, the decca tree and Starbird stands from another, the Neve console from yet another, etc. etc. etc. It was the most amazing series of priceless, once-in-a-lifetime gear acquisitions - absolute technology-archaeology. That thread details the trials and tribulations in excruciating detail - it's one of the best studio build threads on the internet. And the room has been a success by all accounts - they score tons of tv, film, and game scores there and it appears they're booked solid - and everybody seems to agree it sounds great.
So now it's almost exactly ten years since that thread started - and why is it for sale? Who knows. Maybe building such a facility is more fun than actually running it? Maybe if it sells for that price the owner will realize a bit of profit? Maybe he wants to build another? Maybe he wants to grow avocados?
But it does seem cheap for a fully-built and functioning studio of that magnitude. I've seen raw industrial spaces in that price range - stripped to the bare walls. Of course, those were in Santa Monica and this place is in Glendale, so that's something... but still.
I hope somebody buys it and keeps it running as a scoring stage. Paging RcTec! Get out yer checkbook and re-brand it as Remote Control East!