5640 Hollywood Blvd Los Angeles, CA 90028

The property at 5640 Hollywood Boulevard features five leasable units, including three retail units in the front building totaling approximately 2,500 square feet. The rear of the property contains an office and warehouse combination, encompassing approximately 8,520 square feet. The warehouse has bow truss ceilings, and the middle office space includes three music rehearsal studios and a lounge area. The property is currently master leased until May 2nd, 2025, generating approximately $4,415 per month ($52,980 annually) with 3% increases. The master tenant is responsible for any property tax increases due to the sale, according to the triple net lease. This property is suitable for an investor willing to hold until the master lease expires on April 2nd, 2025, at which point market rents could potentially yield a 7% or higher cap rate. Located between the 101 Freeway and Western Ave, the property is near ongoing developments, including a six-story mixed-use property with approximately 12,600 square feet of ground floor retail being developed by Wood Partners near the 101 Freeway.