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Investment Highlights

  • Landmark Hollywood location along the Walk of Fame.
  • Grandfathered Type-47 liquor license included.
  • Surrounded by leading entertainment and dining venues.
  • Prominent corner visibility in a high-traffic corridor.
  • Grandfathered signage rights enhance brand exposure.
  • Existing retail tenancy provides supplemental occupancy.

Executive Summary

CityStreet Commercial is proud to present 1646 N. Las Palmas Ave. to the Los Angeles market, home to the iconic Miceli’s Restaurant. This second-generation restaurant space with grandfathered signage rights offers exceptional visibility and brand presence in the heart of the Hollywood Entertainment District. Located just steps from renowned destinations such as the TCL Chinese Theatre, Ovation, and Musso & Frank Grill, the property benefits from consistent foot traffic from both tourists and locals. With prime street frontage on a high-profile corner and close proximity to hotspots like Mother Wolf, Grandmaster Recorders, and Dream Hollywood, this site is ideal for a full-service dining concept, a cocktail lounge, or an immersive hospitality experience.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,584 SF
Building Class
C
Year Built
1929
Price
$3,900,000
Price Per SF
$514.24
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.53
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
LAC4 - Heavy Commercial
Frontage
60’ on Hollywood Boulevard

Amenities

  • Corner Lot
  • Signalized Intersection

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Restaurant
  • 6,084 SF
  • Restaurant
  • -
  • Now

This second-generation restaurant space occupies a highly visible Hollywood Boulevard location and includes a grandfathered Type-47 liquor license with existing restaurant infrastructure. Positioned within one of Los Angeles' most active entertainment districts, the space offers an opportunity for dining, nightlife, or hospitality concepts seeking a presence among established restaurants, hotels, and entertainment venues.

  • Retail
  • 1,500 SF
  • Retail
  • -
  • Now

Positioned at the signalized corner of Hollywood Boulevard and North Las Palmas Avenue, this highly visible retail opportunity occupies a landmark location in the heart of the Hollywood Entertainment District. The space benefits from extensive storefront exposure, prominent signage rights, and continuous pedestrian activity generated by the Hollywood Walk of Fame and surrounding entertainment venues. The corner positioning provides exceptional brand visibility, while proximity to the TCL Chinese Theatre, Ovation Hollywood, Musso & Frank Grill, Mother Wolf, Grandmaster Recorders, and Dream Hollywood supports consistent customer traffic from both tourists and local residents.

Space Size Space Use Position Available
Restaurant 6,084 SF Restaurant - Now
Retail 1,500 SF Retail - Now

Restaurant

Size
6,084 SF
Space Use
Restaurant
Position
-
Available
Now

Retail

Size
1,500 SF
Space Use
Retail
Position
-
Available
Now

Restaurant

Size 6,084 SF
Space Use Restaurant
Position -
Available Now

This second-generation restaurant space occupies a highly visible Hollywood Boulevard location and includes a grandfathered Type-47 liquor license with existing restaurant infrastructure. Positioned within one of Los Angeles' most active entertainment districts, the space offers an opportunity for dining, nightlife, or hospitality concepts seeking a presence among established restaurants, hotels, and entertainment venues.

Retail

Size 1,500 SF
Space Use Retail
Position -
Available Now

Positioned at the signalized corner of Hollywood Boulevard and North Las Palmas Avenue, this highly visible retail opportunity occupies a landmark location in the heart of the Hollywood Entertainment District. The space benefits from extensive storefront exposure, prominent signage rights, and continuous pedestrian activity generated by the Hollywood Walk of Fame and surrounding entertainment venues. The corner positioning provides exceptional brand visibility, while proximity to the TCL Chinese Theatre, Ovation Hollywood, Musso & Frank Grill, Mother Wolf, Grandmaster Recorders, and Dream Hollywood supports consistent customer traffic from both tourists and local residents.

Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Somewhat bikeable
30/100

Nearby Major Retailers

Mayweather Boxing + Fitness
The Coffee Bean & Tea Leaf
U.S. Bank
wahlburgers
Johnny Rockets
Hard Rock International
Oakberry
Buffalo Wild Wings
CorePower Yoga
LA Fitness

Property Taxes

Property Taxes

Parcel Number
5547-014-015
Land Assessment
$156,882
Improvements Assessment
$250,048
Total Assessment
$406,930
  • Listing ID: 39421105

  • Date on Market: 2/12/2026

  • Last Updated:

  • Address: 1646 N Las Palmas Ave, Los Angeles, CA 90028

Contact the Sale Advisor

1646 N Las Palmas Ave

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