6616 Hollywood Boulevard, Los Angeles CA, 90028
(Active)
$6,999,000
|
8,190 sqft
|
MLS# PW24064515
Last Updated: 5/9/2024 6:35 AM
Description for
6616 Hollywood Boulevard
Los Angeles, CA 90028
Unique storefront multi-tenant retail investment opportunity located in the heart of the iconic tourist mecca of Hollywood Blvd and the Hollywood Walk of Stars. The property has a long stable history of occupancy and consist of four retail units of approximately 2,000 square feet of leasable area each. Walk of fame stars immediately in front of the property include: Fats Domino, Eva Gabor and Al Jolsen.Situated on the south side of Hollywood Blvd between Highland Ave. and Cahuenga Blvd. the location attracts significant foot and drive by traffic visibility and signage.Traffic counts on Hollywood Blvd. are in excess of 26,000 cars per year. It is unique that the property is supported by an underground parking structure with direct suite access and accommodating eight vehicles on site.Additional paid parking is also available on the street and the adjacent parking lot.The site is also located nearly adjacent to the significant Hollywood Blvd redevelopment revitalization project with expected approval in May of 2024. This two-site project located at 1610-1638 Las Palmas Ave., 6626 W. Hollywood Blvd. 1623-1645 and 1638-1644 N Cherokee Ave. will add significant new retail, office, dinning space and over 600 residential units.
Price
$6,999,000
Los Angeles
8,190 (approx)
PW24064515
Active
Description
Unique storefront multi-tenant retail investment opportunity located in the heart of the iconic tourist mecca of Hollywood Blvd and the Hollywood Walk of Stars. The property has a long stable history of occupancy and consist of four retail units of approximately 2,000 square feet of leasable area each. Walk of fame stars immediately in front of the property include: Fats Domino, Eva Gabor and Al Jolsen.Situated on the south side of Hollywood Blvd between Highland Ave. and Cahuenga Blvd. the location attracts significant foot and drive by traffic visibility and signage.Traffic counts on Hollywood Blvd. are in excess of 26,000 cars per year. It is unique that the property is supported by an underground parking structure with direct suite access and accommodating eight vehicles on site.Additional paid parking is also available on the street and the adjacent parking lot.The site is also located nearly adjacent to the significant Hollywood Blvd redevelopment revitalization project with expected approval in May of 2024. This two-site project located at 1610-1638 Las Palmas Ave., 6626 W. Hollywood Blvd. 1623-1645 and 1638-1644 N Cherokee Ave. will add significant new retail, office, dinning space and over 600 residential units.
Listing Information
| Property Type: Retail, Business Opportunities, 1 Story | ||
| 0.19 Acres | Estimated | 8,190 (approx) |
| 1994 | 1 | |
Public
1 Total
Neighborhood
Room Information
None
Interior Features
Other,
Forced Air
Exterior / Lot Features
0 Covered Parking Spaces,
LAC4
Walkstreet
Driving Directions
Highland Ave & Hollywood Blvd
Financial Considerations
| 5547015014 |
Cash,Cash to New Loan
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90028 has a population of 3,956,168.
The median household income in Los Angeles, California 90028 is $55,915. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90028 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/2/2024 | Active | $6,999,000 USD |
|