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Investment Highlights

  • Irreplaceable 1927 Hollywood landmark with 122 feet of Hollywood Boulevard frontage at the signalized corner of Cherokee Avenue.
  • Rare combination of existing multi-tenant retail, office and nightlife income with meaningful mark-to-market, repositioning and owner-user upside.
  • Opportunity Zone, transit proximity and Adaptive Reuse eligibility support multiple long-term investment and reuse strategies, subject to approvals
  • Positioned 3 blocks east of Hollywood & Highland in the heart of the Walk of Fame corridor, with appr. 35,781 vehicles/day on Hollywood Blvd
  • Home to Boardner’s and other enduring Hollywood institutions, giving the asset nearly a century of cultural identity that cannot be replicated

Executive Summary

The Cherokee Building presents a rare opportunity to acquire an irreplaceable Hollywood landmark at the signalized southeast corner of Hollywood Boulevard and Cherokee Avenue. Built in 1927 and designed by Norman W. Alpaugh in the Spanish Colonial Revival style, the property combines authentic architectural character, prominent Walk of Fame frontage, existing multi-tenant income and substantial long-term repositioning potential. The approximately ±31,740 SF building (27,022 SF GLA per CoStar) sits on approximately 0.40 acres with 122 feet of frontage along Hollywood Boulevard and approximately 139 feet along Cherokee Avenue. Historic architectural features include arched storefronts, wrought-iron detailing, an interior motor court, Spanish courtyard and Moorish-influenced elements surrounding its original tiled fountain. The property is a contributing building within the Hollywood Boulevard Commercial and Entertainment District and is home to long-standing Hollywood institutions including Boardner’s Bar & Restaurant, operating at the property since 1942, and Larry Edmunds Bookshop.
For investors, The Cherokee Building offers in-place retail, restaurant, entertainment and office income with meaningful mark-to-market, signage and longer-term repositioning potential in one of Los Angeles’ most internationally recognized commercial corridors. For owner-users, the property provides an unusually flexible platform for a flagship headquarters, creative or entertainment campus, experiential retail, hospitality/private club, restaurant/nightlife, production, showroom or mixed-use concept, subject to existing leases and applicable approvals. Its combination of prominent storefronts, second-floor space, courtyard environment and highly visible corner positioning allows an owner to establish multiple complementary uses within a property that already possesses a distinctive identity and established destination value.
Located directly across from Musso & Frank Grill and approximately four minutes from the Hollywood/Highland Metro station, the property benefits from exceptional visibility, pedestrian activity and transit accessibility. Planning designations include the Hollywood CPIO, Hollywood Signage Supplemental Use District, Opportunity Zone, TOC Tier 3 and Citywide Adaptive Reuse Program area, creating additional strategic optionality for buyers evaluating future repositioning or adaptive reuse, subject to independent verification, historic review, entitlements and governmental approvals. Few Los Angeles properties combine this level of architectural authenticity, Hollywood history, income, visibility and future-use flexibility—an asset that can be enhanced, repositioned and reimagined, but cannot be recreated.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
27,022 SF
Building Class
C
Year Built
1927
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.55
Lot Size
0.40 AC
Opportunity Zone
Yes
Zoning
C4 - C2-2D-SN-CPIO supports retail, office, restaurant, hotel and residential uses; adaptive reuse possible subject to historic/CPIO review.
Frontage
122’ on Hollywood Blvd

Amenities

  • Corner Lot
  • Courtyard
  • Restaurant
  • Signage
  • Skylights
  • Storage Space
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Bar Sinister
  • Accommodation and Food Services
  • -
  • -
  • -
  • Accommodation and Food Services
  • -
  • -
  • -

A Local hang for the Who's Who & Who Cares. This Unpretentious lil' club has a low lit Social Room with two HDTVs & CoZy Booths, New Orleans style Patio for lounging on a sunny afternoon or live entertainment in the evenings, The B52 Club is complimented with twenty-two foot high ceilings, archways, art deco antique bar, arched windows with morrish iron scroll work, vip loft with cozy seating over looking the entire venue & patio, a large dance floor & great sound system to make any event simply awesome in this truly Hollywood atmosphere.

  • Discount Luggage
  • -
  • -
  • -
  • -
  • Hollywood Threading Station
  • -
  • -
  • -
  • -
  • L.A. Fame
  • Arts, Entertainment, and Recreation
  • -
  • -
  • -
  • La Epic Club Crawls
  • Accommodation and Food Services
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • -

Larry Edmunds Bookshop has been in business for over 70 years. With an inventory of 500,000+ movie photographs, 6,000+ original movie posters and 20,000+ motion picture and theater books All prices listed on this Web site are subject to change.

  • Rabin Rodgers Inc
  • Services
  • -
  • -
  • -
  • Sportscenter
  • Arts, Entertainment, and Recreation
  • -
  • -
  • -
  • Arts, Entertainment, and Recreation
  • -
  • -
  • -

Virtual Room was born in 2016 with a clear vision : offering original and mind-blowing team-based VR adventures to everyone. Already envisioning the potential of this new technology in the near future, the first experience is eventually crafted by our game studio in February 2017 after almost a year of development. Since then, the team has gotten bigger in terms of numbers and, most of all, talents. Main goal: offering a large catalogue of adventures and making the experience as immersive as possible

Tenant Industry SF Occupied Rent/SF Lease End
Bar Sinister Accommodation and Food Services - - -
Accommodation and Food Services - - -
Discount Luggage - - - -
Hollywood Threading Station - - - -
L.A. Fame Arts, Entertainment, and Recreation - - -
La Epic Club Crawls Accommodation and Food Services - - -
Retailer - - -
Rabin Rodgers Inc Services - - -
Sportscenter Arts, Entertainment, and Recreation - - -
Arts, Entertainment, and Recreation - - -
Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
40/100

Nearby Major Retailers

Barry's
Mayweather Boxing + Fitness
The Coffee Bean & Tea Leaf
Intelligentsia Coffee
Trader Joe's
City National Bank
Wells Fargo
U.S. Bank
wahlburgers
Johnny Rockets

Property Taxes

Property Taxes

Parcel Number
5547-015-031
Land Assessment
$645,187
Improvements Assessment
$370,089
Total Assessment
$1,015,276
  • Listing ID: 42092813

  • Date on Market: 9/8/2026

  • Last Updated:

  • Address: 6646 Hollywood Blvd, Hollywood, CA 90028

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