"I'm scared to leave, my goals and my dreams are in this building," said Revolution 9 Recording Studios owner Daniel Balistocky, who was among those who stayed overnight to monitor the 1041 Production Studios building.
The fire began around 7 p.m. Monday. Fire crews had flames out in 18 minutes, saving 85 percent of the building, which houses about six recording studios. Part of the second floor ceiling did cave in, and some recording equipment saw water damage.
A handful of people were inside the building when the fire broke out, but all were OK. Balistocky said he was thankful more was not lost.
"This location is irreplaceable to me," he said. "It's not just the fact that there are four walls and my studio happens to reside in it. I love being here, I love the location, I love Hollywood, I love the history, I love my neighbors...I love everyone. So it's pretty scary to have all of that threatened, even for a second."
A cat named Sable was also rescued from the building. The pet was found unconscious from smoke inhalation inside the building. Fire fighters did revive the animal with oxygen. The cat belongs to a studio owner's son.
An investigation is underway into what caused the fire. 1041 Production Studios was built in 1923 and has seen the likes of Elvis Presley, the Beach Boys and Nat King Cole.