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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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