6662 Hollywood BlvdLos Angeles, CA 90028

Property Details for 6662 Hollywood Blvd

Year built

1929

Construction

TILT-UP CONCRETE

Lot size

0.21 AC

Property size (Sq ft)

9,260 SF

Zone code

LAC4

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $4,015,016

  6.5%

  $3,706,169

  7%

  $3,441,443

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,437,422

  Geo Method

  $4,437,422

• Alternative Use

  Use

  Valuation

  Residential

  $3,126,292

  Hospitality

  $2,863,667

  Educational

  $2,382,537

  Medical

  $2,464,476

  Retail

  $3,706,169

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.1013

Longitude

-118.336

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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