6235 Santa Monica BlvdLos Angeles, CA 90038

Property Details for 6235 Santa Monica Blvd

Year built

1939

Construction

TILT-UP CONCRETE

Lot size

0.18 AC

Property size (Sq ft)

10,113 SF

Zone code

LAC2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5534-005-004

APU

5534005004

Description

This 10,113 square foot, three-story retail building at 6235 Santa Monica Blvd in Hollywood, CA 90038, offers a unique investment or owner-user opportunity. Built in 1939 and fully renovated in 2008, the property boasts an architecturally significant bow-truss design. Currently 100% vacant, it presents a blank canvas for immediate occupancy. The 6,300 square foot lot includes one parking space. The building features 600 AMPS of 3-phase power and is zoned C2-1D. Its prime location in the Hollywood Media District places it amongst numerous media companies (including Netflix, Nickelodeon, Sunset Studios, Buzzfeed, and Paramount Studios) and popular retail establishments (such as Rao's, Starbucks, and Hollywood Boulders). The Los Angeles County property (APN 5534-005-004) is ideal for a variety of business ventures, from owner-occupancy to conversion into a net-leased investment. This is a rare chance to acquire a landmark property in a thriving, high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,698,799

  6.5%

  $3,414,276

  7%

  $3,170,399

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,980,786

  Geo Method

  $2,980,786

• Alternative Use

  Use

  Valuation

  Residential

  $3,414,276

  Hospitality

  $3,127,458

  Educational

  $2,602,008

  Medical

  $2,691,496

  Retail

  $4,047,569

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.091

Longitude

-118.326

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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