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It's one of the old school big "A" rooms in LA - labels book it out for months at a time to make big budget records. It's currently owned by a guy named Rob Strickland, who was a studio keyboardist back in the day (thus the amazing keyboard room). He bought it from Dave Jerden, who has produced a ton of heavy records. Dave built it out to be his personal production space, but got tired of the hassle of maintaining it.
I assume Rob went and put together a business plan, got a monster bank loan, and bought the place, moved in some better gear, and runs it like any other business now.
Studios in LA are generally not a hobby.
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