6616 Hollywood BLVD Active

Los Angeles,CA 90028

$ 6999000

- Bed

- Bath

8190 SqFt


Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 8,190 sqft

Price per Sqft $854

MLS Listing ID PW24064515

HOA Y/N No

Year Built 1994

Lot Size 8,398 Sqft

Acres 0.1928

Property Description

Unique storefront multi-tenant retail investment opportunity located in the heart of the iconic tourist mecca of Hollywood Blvd and the Hollywood Walk of Stars. The property has a long stable history of occupancy and consist of four retail units of approximately 2,000 square feet of leasable area each. Walk of fame stars immediately in front of the property include: Fats Domino, Eva Gabor and Al Jolsen.
Situated on the south side of Hollywood Blvd between Highland Ave. and Cahuenga Blvd. the location attracts significant foot and drive by traffic visibility and signage.Traffic counts on Hollywood Blvd. are in excess of 26,000 cars per year. It is unique that the property is supported by an underground parking structure with direct suite access and accommodating eight vehicles on site.Additional paid parking is also available on the street and the adjacent parking lot.
The site is also located nearly adjacent to the significant Hollywood Blvd redevelopment revitalization project with expected approval in May of 2024. This two-site project located at 1610-1638 Las Palmas Ave., 6626 W. Hollywood Blvd. 1623-1645 and 1638-1644 N Cherokee Ave. will add significant new retail, office, dinning space and over 600 residential units.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAC4

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Heating Forced Air

Fireplace No

Laundry None

Building

Lot Description Walkstreet

Story 1

Water Public

Others

Tax ID 5547015014

Acceptable Financing Cash,Cash to New Loan

Listing Terms Cash,Cash to New Loan

Special Listing Condition Standard

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