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The Peterson Building Retail Space
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7001 Hollywood Blvd, Los Angeles, CA 90028

Two-level commercial property with established retail occupants and a rooftop billboard structure on Hollywood Boulevard.

Property Size61,316 SF
Days on Market142

Property Features for 7001 Hollywood Blvd

General Information

Standard status Active
Size 61,316 SF
Property subtype Retail

Building Details

Tenancy Multi
Listing Agency: REZA Investment Group
Listed By: Aaron Bettencourt · License #CA 01194991
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 4:20PM

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 REZA Investment Group

Investment Insights

Based on property information with market context.

The Peterson Building contains approximately 61,316 square feet of retail space across its first and second levels. The property includes two established occupants: Marshalls, an investment-grade soft goods and apparel retailer, and La La Land Hollywood Souvenirs & Gifts. A double-sided rooftop billboard structure is owned and operated by Clear Channel Outdoor. La La Land’s owner/operator has 20 years of operating history in the Hollywood market, four area locations, and an e-commerce presence.

Located at 7001 Hollywood Blvd in Los Angeles, the property is positioned along the Hollywood Walk of Fame within the Hollywood Entertainment District. The surrounding Hollywood Boulevard corridor draws more than 10 million visitors annually, while approximately 310,000 residents are located within a three-mile radius. Estimated average household income within that radius is $100,512.

Key Highlights

  • Approximately 61,316 square feet of first- and second‑level retail space
  • Two established retail occupants: Marshalls and La La Land Hollywood Souvenirs & Gifts
  • Double‑sided rooftop billboard structure owned and operated by Clear Channel Outdoor

Property Analytics

Current Use

David Bowie's Star Resort La La Land (Bike/Boat/Book/etc) Store Hollywood Souvenir city (Bike/Boat/Book/etc) Store Mike Douglas' Star Resort Hollywood Blvd Peterson ... Shopping Center & Mall

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Mobile Phone Store Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

5,392
Businesses Nearby

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

5.7% 2019
6.1% 2020
6% 2021
5.7% 2022
5.6% 2023
6% 2024
6.2% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Two-level commercial property with established retail occupants and a rooftop billboard structure on Hollywood Boulevard.
Where is this retail space located?
The property is located at 7001 Hollywood Blvd Los Angeles, CA.
What are key features of this property?
This property features: Approximately 61,316 square feet of first- and second‑level retail space; Two established retail occupants: Marshalls and La La Land Hollywood Souvenirs & Gifts; Double‑sided rooftop billboard structure owned and operated by Clear Channel Outdoor
More about this property
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