6201 Hollywood BlvdLos Angeles, CA 90028
- Residential income properties
- 556,235 SF
Property Details for 6201 Hollywood Blvd
- Year built
- 2013
- Construction
- WOOD
- Lot size
- 4.22 AC
- Property size (Sq ft)
- 556,235 SF
- Zone code
- LAC4
- Property type
- Residential income properties
- Property subtype
- High-rise multifamily apartments
- APN
- 5546-032-042
- APU
- 5546032042
Description
This exceptional restaurant opportunity is located on the famed Hollywood Walk of Fame at 6201 Hollywood Boulevard, Los Angeles, CA 90028. The 3,583 square foot space is part of a larger, Class A, mixed-use development built in 2014. The building comprises four buildings with six stories each and includes elevators. The property boasts a full type-47 liquor license (no live entertainment or dance license), a rare find in this location, making it uniquely positioned for immediate success. Previously occupied by Social Pies for less than a year, the space includes a fully equipped kitchen featuring a walk-in refrigerator, hood system, and grease trap, along with various restaurant equipment. An attractive feature is the inclusion of a rent-free enclosed patio with a bar and a private dining area, perfect for enhancing the dining experience. The property is zoned LAC2 and has an APN of 5546-032-038. The total building square footage is 669,114 across multiple tenancies. This is a turnkey opportunity within a vibrant and high-traffic area, offering significant potential for a new restaurant concept. The space is ready for immediate occupancy. This is the only space on the block with a full type-47 liquor license.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $203,441,248
- 6.5%
- $187,791,920
- 7%
- $174,378,208
-
Comparable approach
- Method
- Valuation
- Relative Method
- $163,949,152
- Geo Method
- $163,949,152
-
Alternative Use
- Use
- Valuation
- Residential
- $187,791,920
- Hospitality
- $172,016,384
- Educational
- $143,115,616
- Medical
- $148,037,584
- Retail
- $222,624,288
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.1023
- Longitude
- -118.324
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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