Commercial Property — 6751 W Hollywood Boulevard, Los Angeles, CA
$17,650,000
6751 W Hollywood Boulevard, Los Angeles, CA
About this property
6751 Hollywood Boulevard is a seven-story, +/-68,971 SF mixed-use building at the northwest corner of Hollywood Boulevard and McCadden Place. The property sits on incredible frontage along the iconic Hollywood Walk of Fame. Built in 1922 and prime for adaptive reuse, the property offers stabilized ground-floor retail income and six vacant upper floors with sweeping views of the Hollywood Hills and the City. Like the adjacent buildings in the Hollywood Boulevard Portfolio (also for sale), this historic, multi-story, commercial building blends architectural heritage, a prime location, and significant upside potential, establishing it as a cornerstone asset in one of California's most visited destinations. The site is directly across the street from Netflix' stunning renovation of the Eqyptian Theatre, and a block away from Disney's El Capitan Theatre, TCL Chinese Theatre, Madame Tussaud's, Ovation Hollywood and the Dolby Theatre (site of the Academy Awards). The ground floor generates +/-$480,976 NOI annually, which provides a strong income base while the upper floors present a compelling repositioning opportunity. The retail income is bolstered by over 100 million visitors per year to Hollywood and its location just east of one of the busiest intersections in the county, Hollywood and Highland.
Property details
Location
6751 W Hollywood Boulevard • Los Angeles, CA 90028
Listed by
Kadie Presley · CB Richard Ellis, Inc.