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Hollywood Plaza 6751-6757 Hollywood Blvd 68,971 SF 100% Leased Office Building Los Angeles, CA 90028 $17,650,000 ($255.90/SF)
Investment Highlights
- ADAPTIVE REUSE OPPORTUNITY
- UPPER-FLOOR VIEWS
- STRONG RETAIL INCOME
- ICONIC WALK OF FAME ADDRESS
Executive Summary
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 100million visitors per year to Hollywood and its location just east of one of the busiest intersections in the
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 100million visitors per year to Hollywood and its location just east of one of the busiest intersections in the
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
68,971 SF
Building Class
B
Year Built/Renovated
1922/2003
Price
$17,650,000
Price Per SF
$255.90
Percent Leased
100%
Tenancy
Multiple
Building Height
9 Stories
Typical Floor Size
7,663 SF
Building FAR
5.86
Lot Size
0.27 AC
Opportunity Zone
Yes
Zoning
LAC4 - Commercial
Amenities
- Metro/Subway
- Signage
- High Ceilings
Very walkable
80/100
Very drivable
80/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5547-011-015 | Improvements Assessment | $41,517 |
| Land Assessment | $207,645 | Total Assessment | $249,162 |
Property Taxes
Parcel Number
5547-011-015
Land Assessment
$207,645
Improvements Assessment
$41,517
Total Assessment
$249,162
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Videos
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Hollywood Plaza | 6751-6757 Hollywood Blvd
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