6662 Hollywood Blvd Los Angeles, CA 90028
- Retail space
- 9,260 SF
- 0.21 lot acres
Current Use by Public Records
- Retail space
Property Details for 6662 Hollywood Blvd
- Year built
- 1929
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.21 lot acres
- Property size
- 9,260 SF
- Zone code
- LAC4
- Property type
- Retail space
- APN
- 5547-014-012
- APU
- 5547014012
Description
This exceptional retail property, located at 6662-6668 Hollywood Boulevard in Los Angeles, California, presents a unique investment opportunity. The 9,260 square foot building, constructed in 1929 and renovated in 1942, sits on an 11,036 square foot lot and boasts over 70 feet of frontage on the iconic Hollywood Walk of Fame. Currently operating at 100% occupancy with two units, the property offers flexibility for owner-users or investors. One unit is currently occupied, while the other is vacant, allowing for diverse usage options. The property features high ceilings and the potential for rooftop signage. Its prime location places it directly across from the historic Musso & Frank Grill and within close proximity to numerous attractions, including the El Capitan Theatre, TCL Chinese Theatre, Dolby Theatre, and several renowned museums. The property is zoned LAC4 and has a total of two units. The asking price is $5,150,000, translating to $556.16 per square foot. This is a rare chance to acquire a significant retail presence on the Hollywood Walk of Fame. The property's APN is 5547-014-012, 5547-014-016, and the zip code is 90028. This one-story building offers a compelling combination of history, location, and potential for future growth.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $255,000
- 7%
- $265,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $240,000
- Geo Method
- $300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $285,000
- Retail
- $315,000
- Mixed-Use
- $330,000
- Hospitality
- $280,000
- Educational
- $240,000
- Residential Income
- $255,000
- Energy
- $325,000
- Income-Based Land
- $305,000
- Food Service
- $295,000
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.336
- Latitude
- 34.1013
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA