Storefront Property with Historic
For Sale
$4,300,000
6662 Hollywood Boulevard, Los Angeles, CA 90028
Two separate retail units are offered vacant within a single-story building on Hollywood Boulevard.
Property Size9,260 SF
Lot Size0.25 Acres
Price / SF$464.36
Days on Market212
Property Features for 6662 Hollywood Boulevard
General Information
Standard status
Active
Size
9,260 SF
Lot size
0.25 Acres
Property subtype
General Commercial
Zoning
LAC4
Amenities
Carbon Monoxide Detector
3
Flat
LAC4
Rectangular
Rectangular.
Building Details
Year Built
1929
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Ingenious Asset Group, Inc.
(310) 331-8552
Listed By:
Vineendra Jain · License #01413466
Source:
Xome
Added: Jan 31
Changed: Aug 30
Last Checked: Aug 30 at 4:32PM
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 Ingenious Asset Group, Inc.
Investment Insights
Based on property information with market context.
This single-story storefront property at 6662-6666 Hollywood Boulevard contains two separate retail units, both vacant and scheduled for vacant delivery at closing. The main building measures approximately 9,260 SF on an approximately 9,325 SF lot, with an additional rear alley parcel of approximately 1,609 SF for a combined lot area of approximately 10,934 SF. A historic property sign remains in place, and the asset is zoned LAC4. Built in 1929, the property is being sold AS IS and WHERE IS, with all faults and without warranties.
The site is positioned on the Hollywood Walk of Fame beside Hollywood & Highland, with access to public transportation and nearby shopping, dining, schools, and entertainment. I-2 and I-101 are also referenced in the surrounding access profile. A Phase I Environmental assessment completed in March 2026 reported no issues requiring further assessment, and a detailed Property Condition Report is available for review.
The site is positioned on the Hollywood Walk of Fame beside Hollywood & Highland, with access to public transportation and nearby shopping, dining, schools, and entertainment. I-2 and I-101 are also referenced in the surrounding access profile. A Phase I Environmental assessment completed in March 2026 reported no issues requiring further assessment, and a detailed Property Condition Report is available for review.
Key Highlights
- Approximately 9,260 SF single‑story storefront building
- Two separate retail units, both vacant
- Approximately 10,934 SF combined lot area, including a 1,609 SF rear alley parcel
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
$214,899
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
5.00%
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%
$4,297,980
$4.3M
Cap Rate 7%
$3,069,986
$3.1M
Cap Rate 9%
$2,387,767
$2.4M
Market Conditions
NOI Build-Up for 9,260 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
$342.2K $36.96/SF
− Vacancy
−$35.3K −$3.81/SF
EGI
$307.0K $33.15/SF
− OpEx
−$92.1K −$9.95/SF
NOI
$214.9K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
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%
$4,297,980
Cap Rate 7%
$3,069,986
Cap Rate 9%
$2,387,767
Alternative Uses
Best Use
Retail
$3.07M
$2.69M – $3.58M
NOI $214,899 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$187.60M
$164.15M – $218.87M
NOI $13,132,143 @ 7.0% cap · market cap 305.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,349
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Office Supplies 50%
Dining 25%
Shops & Services 20%
Beauty & Spa 5%
Staples
Office Supplies
18,425 visits/mo
0.4 miles
Intelligentsia Coffee
Dining
9,319 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,405 visits/mo
0.3 miles
Floyd's 99 Barbershop
Beauty & Spa
1,972 visits/mo
0.4 miles
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 Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two separate retail units are offered vacant within a single-story building on Hollywood Boulevard.
Where is this storefront property located?
The property is located at 6662 Hollywood Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Approximately 9,260 SF single‑story storefront building; Two separate retail units, both vacant; Approximately 10,934 SF combined lot area, including a 1,609 SF rear alley parcel
