Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hollywood Boulevard Creative Office Space Title is generated by Realmo AI

    6253 Hollywood Boulevard Unit 205, Hollywood, CA 90028

    View on Map
    Claim this Listing
    For Sale
    $639,000

    Creative office space in iconic Hollywood location for sale.

    Type:Office
    Property size:
    1,140 SF
    Price / SF:
    $560/SF
    Added:
    Nov 11, 2024
    Days on Market:
    563
    Last Refresh:
    May 13 at 8:07 pm

    Property Features for 6253 Hollywood Boulevard Unit 205

    General Information

    Standard status
    Active
    Size
    1,140 SF
    Property subtype
    Office

    Building Details

    Year Built
    1929

    We can help!

    Listing Contact
    Alexander Yerekhman

    Listing agent Alexander Yerekhman

    Listing office

    Listing date Nov 11, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Alexander Yerekhman

    HighLights

    • Iconic Hollywood Boulevard location, next to the Pantages Theater and across from the Capitol Records Building.
    • Creative office space with Art Deco flair, exposed ceilings, and abundant natural light.
    • Open plan with three separate offices, a large common area, a private conference room, and a kitchenette.
    • Five‑minute walk from Hollywood & Vine Metro Station.
    • Abundant parking available at Vine Street.
    • Impeccably maintained building built in 1929.

    Overview

    This creative office space is located on Hollywood Boulevard, a five-minute walk from the Hollywood & Vine Metro Station. The property is situated next door to the Pantages Theater and across from the Capitol Records Building and the W Hotel. The unit, totaling 1140 square feet, features an open plan, three separate offices, a large common area, and a private conference room. Additional features include a kitchenette, exposed ceilings, abundant natural light, creative finishes, and an Art Deco flair. The property is impeccably maintained. Parking is available on Vine Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    San Joaquin
    State
    California
    Longitude
    -118.327
    Latitude
    34.0998

    Nearby Similar for Sale

    • $639,000
      1,140 SF

      Hollywood Creative Office For Sale

      Creative office space in iconic Hollywood location near Pantages.
      6253 Hollywood Boulevard, Hollywood, CA 90028
      View Details
    • $2,100,000
      5,000 SF

      North Hollywood Industrial/Warehouse Opportunity

      5,000 SF industrial/warehouse building in a strategic North Hollywood location.
      5447 Satsuma Ave, North Hollywood, CA 91601
      View Details
    • $2,800,000
      3,848 SF

      Medical Office in Los Angeles

      Medical office space available for sale in Los Angeles.
      10730 Riverside Dr, North Hollywood, CA 91602
      View Details
    • $1,850,000
      4,368 SF

      North Hollywood Multifamily Redevelopment Opportunity

      Multifamily property in North Hollywood with redevelopment potential.
      6260 Colfax Ave., North Hollywood, CA 91606
      View Details
    • $835,000
      1,760 SF

      Spacious Condo Near NoHo Border

      Multi-level condo with 4 bedrooms, modern amenities, and convenient location.
      11253 Peach Grove Street #106, North Hollywood, CA 91601
      View Details

    FAQs

    What type of property is this?
    Creative space - Creative office space in iconic Hollywood location for sale.
    Where is this creative space located?
    The property is located at 6253 Hollywood Boulevard Unit 205 Hollywood, CA.
    What is the asking price?
    The asking price for this property is $639,000.
    What are key features of this property?
    This property features: Iconic Hollywood Boulevard location, next to the Pantages Theater and across from the Capitol Records Building.; Creative office space with Art Deco flair, exposed ceilings, and abundant natural light.; Open plan with three separate offices, a large common area, a private conference room, and a kitchenette.
    (818) 342-3425
    We can help!
    Listing Contact
    Alexander Yerekhman
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6253 Hollywood Boulevard Unit 205, Hollywood, CA 90028
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!