Historic Mixed-Use
For Sale
$6,850,000
6601 Hollywood Boulevard, Los Angeles, CA 90028
Three-story mixed-use building with stabilized ground-floor retail and vacant upper-floor office space.
Property Size30,755 SF
Price / SF$222.73
Days on Market324
Property Features for 6601 Hollywood Boulevard
General Information
Standard status
Active
Size
30,755 SF
Property subtype
General Commercial
Amenities
3
92x115
Building Details
Year Built
1927
Listing Agency:
CB Richard Ellis, Inc.
(310) 927-4462
Listed By:
Kadie Presley · License #01476551
Source:
Xome
Added: Sep 19, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:31AM
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 CB Richard Ellis, Inc.
Investment Insights
Based on property information with market context.
6601 W. Hollywood Boulevard is a three-story mixed-use property totaling approximately 28,261 square feet, with stabilized ground-floor retail producing about $198,000 in annual NOI. The offering also includes approximately 19,409 square feet of vacant upper-floor office space, presented as a strong adaptive-reuse opportunity. Interior features include original hardwood floors, generous ceiling heights, abundant natural light, and large operable windows.
The building is located on the signalized corner of Hollywood Boulevard and Whitley Avenue. It was designed in 1926 by Henry L. Gogerty and Carl Jules Weyl and is noted for Spanish Colonial Revival architecture, recognized as one of Hollywood Boulevard’s most prominent historic structures.
The existing configuration and interior character are intended to support a variety of future uses, including residential, hospitality, office, and entertainment.
The building is located on the signalized corner of Hollywood Boulevard and Whitley Avenue. It was designed in 1926 by Henry L. Gogerty and Carl Jules Weyl and is noted for Spanish Colonial Revival architecture, recognized as one of Hollywood Boulevard’s most prominent historic structures.
The existing configuration and interior character are intended to support a variety of future uses, including residential, hospitality, office, and entertainment.
Key Highlights
- Three‑story mixed‑use property with +/-28,261 SF on the signalized corner of Hollywood Boulevard and Whitley Avenue
- +/-$198,000 annual NOI from stabilized ground‑floor retail
- +/-19,409 SF of vacant upper‑floor office space suited for adaptive reuse
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$622,789
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,455,780
$12.5M
Cap Rate 7%
$8,896,986
$8.9M
Cap Rate 9%
$6,919,878
$6.9M
Market Conditions
NOI Build-Up for 30,755 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.11M $36.00/SF
− Vacancy
−$110.7K −$3.60/SF
EGI
$996.5K $32.40/SF
− OpEx
−$373.7K −$12.15/SF
NOI
$622.8K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,455,780
Cap Rate 7%
$8,896,986
Cap Rate 9%
$6,919,878
Alternative Uses
Best Use
Office B
$10.43M
$9.13M – $12.17M
NOI $730,008 @ 7.0% cap · market cap 10.66%
Second Best
Retail
$10.20M
$8.92M – $11.90M
NOI $713,737 @ 7.0% cap · market cap 10.42%
Theoretical Best
Multifamily LT 5
$623.08M
$545.19M – $726.92M
NOI $43,615,448 @ 7.0% cap · market cap 636.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,178
Businesses Nearby
Explore this area
Business Placement
Demographics for 90028, CA
32,330
Population
22,344
Households
1.4
Avg Household Size
36
Median Age
49%
College-Educated
90%
High-School Grad
1.5 sq mi
ZIP Area
21,553
Density / Sq Mi
$59,393
Median Household Income
$45,325
Median Earnings
$1,839
Median Rent
$970,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story mixed-use building with stabilized ground-floor retail and vacant upper-floor office space.
Where is this mixed-use property located?
The property is located at 6601 Hollywood Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $6,850,000.
What are key features of this property?
This property features: Three‑story mixed‑use property with +/-28,261 SF on the signalized corner of Hollywood Boulevard and Whitley Avenue; +/-$198,000 annual NOI from stabilized ground‑floor retail; +/-19,409 SF of vacant upper‑floor office space suited for adaptive reuse
