Historic Multi-Story Retail
For Sale
$17,650,000
6751 Hollywood Boulevard, Los Angeles, CA 90028
Seven-story mixed-use building with ground-floor retail income and six vacant upper floors built in 1922.
Property Size68,971 SF
Price / SF$255.90
Days on Market323
Property Features for 6751 Hollywood Boulevard
General Information
Standard status
Active
Size
68,971 SF
Property subtype
General Commercial
Amenities
3
Building Details
Year Built
1922
Listing Agency:
CB Richard Ellis, Inc.
(310) 927-4462
Listed By:
Kadie Presley · License #01476551
Source:
Xome
Added: Sep 20, 2025
Changed: Aug 8
Last Checked: Aug 8 at 3:52AM
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.
6751 W Hollywood Boulevard is a seven-story mixed-use building built in 1922, offering stabilized ground-floor retail income and six vacant upper floors. The property totals approximately 68,971 square feet and sits on prominent frontage along the Hollywood Walk of Fame.
Located at the northwest corner of Hollywood Boulevard and McCadden Place, the asset is directly across the street from Netflix’ renovation of the Egyptian Theatre and within a short distance of several Hollywood entertainment venues, including Disney’s El Capitan Theatre, TCL Chinese Theatre, Madame Tussaud’s, Ovation Hollywood, and the Dolby Theatre.
With retail income at the ground level supporting the building, the upper floors provide space for repositioning opportunities within a historic commercial structure in a heavily visited destination.
Located at the northwest corner of Hollywood Boulevard and McCadden Place, the asset is directly across the street from Netflix’ renovation of the Egyptian Theatre and within a short distance of several Hollywood entertainment venues, including Disney’s El Capitan Theatre, TCL Chinese Theatre, Madame Tussaud’s, Ovation Hollywood, and the Dolby Theatre.
With retail income at the ground level supporting the building, the upper floors provide space for repositioning opportunities within a historic commercial structure in a heavily visited destination.
Key Highlights
- Seven‑story mixed‑use building (+/-68,971 SF) at the northwest corner of Hollywood Boulevard and McCadden Place
- Built in 1922 with ground‑floor retail income and six vacant upper floors
- Ground‑floor retail generates approximately $480,976 NOI annually
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
$1,600,623
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
9.07%
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%
$32,012,460
$32.0M
Cap Rate 7%
$22,866,043
$22.9M
Cap Rate 9%
$17,784,700
$17.8M
Market Conditions
NOI Build-Up for 68,971 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
$2.55M $36.96/SF
− Vacancy
−$262.6K −$3.81/SF
EGI
$2.29M $33.15/SF
− OpEx
−$686.0K −$9.95/SF
NOI
$1.60M $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%
$32,012,460
Cap Rate 7%
$22,866,043
Cap Rate 9%
$17,784,700
Alternative Uses
Best Use
Retail
$22.87M
$20.01M – $26.68M
NOI $1,600,623 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1,397.31M
$1,222.65M – $1,630.20M
NOI $97,811,773 @ 7.0% cap · market cap 554.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,485
Businesses Nearby
107k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 28%
Office Supplies 17%
Beauty & Spa 2%
McDonald's
Dining
36,826 visits/mo
0.4 miles
Staples
Office Supplies
18,425 visits/mo
0.3 miles
Chase Bank
Shops & Services
13,591 visits/mo
0.3 miles
Bank of America
Shops & Services
9,377 visits/mo
0.3 miles
Intelligentsia Coffee
Dining
9,319 visits/mo
0.1 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?
Retail space - Seven-story mixed-use building with ground-floor retail income and six vacant upper floors built in 1922.
Where is this retail space located?
The property is located at 6751 Hollywood Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $17,650,000.
What are key features of this property?
This property features: Seven‑story mixed‑use building (+/-68,971 SF) at the northwest corner of Hollywood Boulevard and McCadden Place; Built in 1922 with ground‑floor retail income and six vacant upper floors; Ground‑floor retail generates approximately $480,976 NOI annually
