Multi-Tenant Restaurant Retail
For Sale
$8,250,000
6741 W Hollywood Boulevard Los Angeles, Los Angeles, CA 90028
Anchored by Starbucks and Taco Bell Cantina on Hollywood Boulevard frontage.
Property Size18,051 SF
Price / SF$457.04
Days on Market48
Property Features for 6741 W Hollywood Boulevard Los Angeles
General Information
Standard status
Active
Size
18,051 SF
Zoning
C2-2D-SN-CPIO
Additional Details
Business Included
Yes
Amenities
2
9242
0.2122
Assessor
18051
Building Details
Building Size
18,051 SF
Year Built
1917
Buildings
2
Listing Agency:
CB Richard Ellis, Inc.
(909) 328-1567
Listed By:
Farrin Harris · License #01476551
(909) 328-1567
Source:
Rmarealty
Added: Jul 13
Changed: Aug 28
Last Checked: Aug 29 at 7:09AM
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.
6741 is a striking architectural landmark on a heavily trafficked pedestrian corridor, positioned with substantial Hollywood Boulevard frontage. The property is anchored by a high-volume Starbucks and includes the first Taco Bell Cantina in Los Angeles County, supporting a stable, credit-backed income profile as described in the offering remarks.
The site sits directly east of the Hollywood and Highland intersections and is located across the street from Netflix’s renovation of the Egyptian Theatre. Additional nearby entertainment venues mentioned in the remarks include Disney’s El Capitan Theatre, TCL Chinese Theatre, Madame Tussauds, Ovation Hollywood, and the Dolby Theatre.
Together, the mix of national anchor tenancy and restaurant-focused programming aligns with the destination traffic described for the Hollywood Walk of Fame area.
The site sits directly east of the Hollywood and Highland intersections and is located across the street from Netflix’s renovation of the Egyptian Theatre. Additional nearby entertainment venues mentioned in the remarks include Disney’s El Capitan Theatre, TCL Chinese Theatre, Madame Tussauds, Ovation Hollywood, and the Dolby Theatre.
Together, the mix of national anchor tenancy and restaurant-focused programming aligns with the destination traffic described for the Hollywood Walk of Fame area.
Key Highlights
- 2‑story property built in 1917 with 2 buildings and 18,051 total building area SF.
- Lot size is 0.2122 acres (9,242 SF), per Assessor.
- Hollywood Blvd frontage with an on‑site Starbucks noted as high‑volume.
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
$488,865
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
5.93%
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%
$9,777,300
$9.8M
Cap Rate 7%
$6,983,786
$7.0M
Cap Rate 9%
$5,431,833
$5.4M
Market Conditions
NOI Build-Up for 18,051 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
$667.2K $36.96/SF
− Vacancy
−$15.3K −$0.85/SF
EGI
$651.8K $36.11/SF
− OpEx
−$163.0K −$9.03/SF
NOI
$488.9K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
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%
$9,777,300
Cap Rate 7%
$6,983,786
Cap Rate 9%
$5,431,833
Alternative Uses
Best Use
Specialty Retail
$6.98M
$6.11M – $8.15M
NOI $488,865 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$365.70M
$319.99M – $426.65M
NOI $25,599,170 @ 7.0% cap · market cap 310.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
7,349
Businesses Nearby
37k
Monthly Visits Nearby
Well-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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Similar Off Market Nearby
- Blackwood Coffee Bar — 7253 B, Santa Monica Blvd, West Hollywood, CA 90046
- Trejo’s Coffee & Donuts — 6785 Santa Monica Blvd, Los Angeles, CA 90038
- Trejos Coffee and Donuts — 6785 santa monica blvd, los angeles, california 90038
- Stereoscope Coffee — 6677 Santa Monica Blvd #104, Los Angeles, CA 90038
- Liberation Coffee House — 6725 Santa Monica Blvd, Los Angeles, CA 90038
Frequently Asked Questions
What type of property is this?
Coffee shop - Anchored by Starbucks and Taco Bell Cantina on Hollywood Boulevard frontage.
Where is this coffee shop located?
The property is located at 6741 W Hollywood Boulevard Los Angeles Los Angeles, CA.
What is the asking price?
The asking price for this property is $8,250,000.
What are key features of this property?
This property features: 2‑story property built in 1917 with 2 buildings and 18,051 total building area SF.; Lot size is 0.2122 acres (9,242 SF), per Assessor.; Hollywood Blvd frontage with an on‑site Starbucks noted as high‑volume.
