Hollywood Storefront
For Sale
$2,699,000
6670 Hollywood Boulevard, Los Angeles, CA 90028
Partially occupied commercial building with basement levels and owner-user or NNN leasing potential.
Property Size6,885 SF
Price / SF$392.01
Days on Market11
Property Features for 6670 Hollywood Boulevard
General Information
Standard status
Active
Size
6,885 SF
Property subtype
General Commercial
Occupancy
50%
Additional Details
Highway Access
Yes
Amenities
42x120
Gated Community.
Building Details
Year Built
1907
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices California Properties
(310) 207-7080
Listed By:
Dennis Adelpour
Source:
Xome
Added: Jul 30
Changed: Aug 9
Last Checked: Aug 9 at 5:22AM
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 Berkshire Hathaway HomeServices California Properties
Investment Insights
Based on property information with market context.
This storefront property at 6670 Hollywood Boulevard comprises approximately 6,885 square feet, including basement levels, and was built in 1907. The building is approximately 50% occupied, with the occupied portion leased to a long-term tattoo shop under modified gross terms. The balance is available for owner occupancy or tenant placement under an NNN structure.
The property fronts the Hollywood Walk of Fame in Los Angeles’ entertainment corridor. Nearby destinations include the Dolby Theatre, TCL Chinese Theatre, El Capitan Theatre, and Pantages Theatre. Public transportation, nearby parking options, and major freeway connections are also identified in the surrounding area.
The property fronts the Hollywood Walk of Fame in Los Angeles’ entertainment corridor. Nearby destinations include the Dolby Theatre, TCL Chinese Theatre, El Capitan Theatre, and Pantages Theatre. Public transportation, nearby parking options, and major freeway connections are also identified in the surrounding area.
Key Highlights
- Approximately 6,885 square feet, including basement levels
- Approximately 50% occupied
- Long‑term tattoo shop lease under modified gross terms
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
$159,781
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
5.92%
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%
$3,195,620
$3.2M
Cap Rate 7%
$2,282,586
$2.3M
Cap Rate 9%
$1,775,344
$1.8M
Market Conditions
NOI Build-Up for 6,885 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
$254.5K $36.96/SF
− Vacancy
−$26.2K −$3.81/SF
EGI
$228.3K $33.15/SF
− OpEx
−$68.5K −$9.95/SF
NOI
$159.8K $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%
$3,195,620
Cap Rate 7%
$2,282,586
Cap Rate 9%
$1,775,344
Alternative Uses
Best Use
Retail
$2.28M
$2.00M – $2.66M
NOI $159,781 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$139.49M
$122.05M – $162.73M
NOI $9,764,018 @ 7.0% cap · market cap 361.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
50%
Occupancy
Yes
Highway access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flower Delivery Hollywood CA — 6775 Santa Monica Blvd #9, Los Angeles, CA 90038
- The Flower Cottage — 7155 Hawthorn Ave #1, Los Angeles, CA 90046
- Benny star flowers — 1600 Vine St, Los Angeles, CA 90028
- Parisian Florist — 7133 W Sunset Blvd, Los Angeles, CA 90046
- Flower Delivery Hollywood — 6775 santa monica blvd, los angeles, ca 90038
Frequently Asked Questions
What type of property is this?
Storefront property - Partially occupied commercial building with basement levels and owner-user or NNN leasing potential.
Where is this storefront property located?
The property is located at 6670 Hollywood Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: Approximately 6,885 square feet, including basement levels; Approximately 50% occupied; Long‑term tattoo shop lease under modified gross terms
