Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Nwc Hollywood Blvd & Western Ave Los Angeles, CA 90028
    Back to Search
    Property profile & analytics

    Nwc Hollywood Blvd & Western Ave, Los Angeles, CA 90028

    View on Map
    • Retail properties & Spaces
    • 14,800 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Nwc Hollywood Blvd & Western Ave

    Property type
    Retail properties & Spaces

    Description

    This exceptional 14,800-square-foot retail space is ideally situated at the Northwest corner of Hollywood Boulevard and Western Avenue in Los Angeles, California, zip code 90028. The property is a single-tenant building offering complete flexibility for a wide range of commercial uses. Located in Los Angeles County, this high-visibility location benefits from significant foot traffic and vehicular access, making it an attractive proposition for businesses seeking maximum exposure. The entire building is currently vacant, presenting a unique opportunity for a tenant to customize the space to their specific needs. With its prominent corner location at a major intersection, this property offers unparalleled branding and marketing potential. The substantial square footage allows for a large-scale retail operation or the potential to subdivide the space for multiple smaller tenants. This is a rare chance to secure a prime retail location in a vibrant and high-demand area of Los Angeles. The property's address is specifically the Northwest corner of Hollywood Boulevard and Western Avenue. Further details regarding lease terms and conditions are available upon request. This property is classified as Commercial Retail and is a single-tenant occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.309
    Latitude
    34.1017

    Comparable in this City

    • Value Estimation by Request
      12,058 SF

      6605-6607 Sunset Blvd

      Office Spaces
      6605-6607 Sunset Blvd, Los Angeles, CA 90028
      View Details
    • Value Estimation by Request
      2,022 SF

      5633 Hollywood Blvd

      Restaurants
      5633 Hollywood Blvd, Los Angeles, CA 90028
      View Details
    • Value Estimation by Request
      39,063 SF

      6230 Sunset Blvd

      Specialty properties
      6230 Sunset Blvd, Los Angeles, CA 90028
      View Details
    • Value Estimation by Request
      39,063 SF

      6230 Sunset Blvd

      Retail properties & Spaces
      6230 Sunset Blvd, Los Angeles, CA 90028
      View Details
    • Value Estimation by Request
      4,000 SF

      1712 Hudson Ave

      Distribution properties
      1712 Hudson Ave, Los Angeles, CA 90028
      View Details
    • Value Estimation by Request
      4,100 SF

      1401 La Brea Ave

      Individual retail properties
      1401 La Brea Ave, Los Angeles, CA 90028
      View Details

    Similar Nearby for Sale

    • $4,200,000

      Hollywood Retail and Warehouse Space

      Mixed-use property with retail, office, and warehouse components.
      Los, Los Angeles, CA 90028
      View Details
    • Contact for pricing

      Turnkey Pizza Business in Hollywood

      Fully equipped pizza restaurant in prime Hollywood location for sale.
      1809 Cahuenga Blvd, Los Angeles, CA 90028
      View Details
    • $9,500,000
      33,520 SF

      Hollywood Sunset Blvd. Redevelopment Lot

      Prime 0.77-acre Hollywood location, redevelopment opportunity.
      7038 Sunset Blvd, Los Angeles, CA 90028
      View Details
    • Contact for pricing
      9,260 SF

      Hollywood Walk of Fame Retail

      Prime retail property on Hollywood Walk of Fame.
      6666 Hollywood Blvd, Los Angeles, CA 90028
      View Details
    • $15,995,000
      27,022 SF

      Hollywood Landmark Building For Sale

      Historic Hollywood building with retail and development potential.
      6646 Hollywood Blvd, Los Angeles, CA 90028
      View Details
    • Contact for pricing
      20,000 SF

      Hollywood Creative Compound Opportunity

      Gated creative compound in the heart of Hollywood.
      1415 N Cahuenga Blvd, Los Angeles, CA 90028
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Space with Patio Available

      Restaurant space with patio in high-traffic Hollywood location.
      6290 Sunset Blvd, Los Angeles, CA 90028
      View Details
    • Contact for pricing
      7,897 SF

      Hollywood Cafe Space For Rent

      Second generation cafe space with storage in Hollywood, CA.
      6101-6125 W Sunset Blvd, Hollywood, CA 90028
      View Details
    • Contact for pricing

      Class A Building in Hollywood

      Seven-story Class A building with panoramic views and lifestyle amenities.
      1800 N Highland Ave, Los Angeles, CA 90028
      View Details
    • Contact for pricing

      Hollywood Retail Space For Rent

      Retail space in the heart of Hollywood near iconic landmarks.
      6818 Hollywood Blvd, Los Angeles, CA 90028
      View Details
    • $3 SF/Yr
      2,000 SF

      Prime Retail Space on Sunset

      Retail space for lease on world-famous Sunset Boulevard.
      6547 W Sunset Blvd, Los Angeles, CA 90028
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Nwc Hollywood Blvd & Western Ave
    Los Angeles, CA 90028
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Nwc Hollywood Blvd & Western Ave, Los Angeles, CA, 90028
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!