1735 Vine StLos Angeles, CA 90028

  • Theaters & concert halls
  • 33,444 SF
For Sale
$21,500,000 View listing

Property Details for 1735 Vine St

Year built
1927
Construction
CONCRETE
Lot size
0.42 AC
Property size (Sq ft)
33,444 SF
Zone code
LAC4
Property type
Theaters & concert halls
APN
5546-004-403
APU
5546004403

Description

For sale is the legendary Avalon Theatre, a 33,444 square foot retail property located at 1735 Vine St, Los Angeles, CA 90028. Built in 1927 and extensively renovated in 2002, this Hollywood landmark boasts a rich history as a premier entertainment venue. From its beginnings as The Hollywood Playhouse to its evolution as a CBS radio studio, television venue, and nightclub, the Avalon has hosted countless iconic artists, including The Beatles, Prince, Madonna, The Rolling Stones, Nirvana, and Smashing Pumpkins. The property includes the main Avalon Theatre and the adjacent Bardot club, both equipped with state-of-the-art sound and lighting systems. This unique opportunity presents a chance to acquire a piece of Hollywood history, a fully operational entertainment complex with significant potential for continued success in the vibrant heart of Hollywood & Vine. The asking price for this exceptional property is $21,500,000. This is a rare chance to own a piece of entertainment history in one of the world's most famous locations. The property's prime location and extensive history make it a highly desirable investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,291,114
    Hospitality
    $10,342,600
    Educational
    $8,604,922
    Medical
    $8,900,858
    Retail
    $13,385,434

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.1027
Longitude
-118.327
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$48,087
$1,193,836
$1,465,831
$2,659,667
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