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- LoopNet Team
6325-6327 Hollywood Blvd
Los Angeles, CA 90028
Retail Property For Sale
PROPERTY FACTS
- Restaurant
- General Retail Freestanding
- General Retail Storefront
About 6325-6327 Hollywood Blvd , Los Angeles, CA 90028
As the exclusive broker, WESTMAC Commercial Brokerage Company is pleased to present 6325-27 Hollywood Blvd. This 9,702 square foot retail property consists of two built-out restaurant spaces (7,000 SF and 2,700 SF) and is located in the heart of world famous Hollywood on the highly coveted Hollywood Walk of Fame which is visited by over 15 million tourists annually. Those familiar with everything happening in Hollywood will understand the tremendous upside on this property. Hollywood is only going up from here…literally. TOC and Opportunity Zone overlays are making it more advantageous to build upwards these days. Please note that preliminary investigations show that one can comfortably build 53 units above two retail spaces on the ground floor. Also, both restaurant spaces will be delivered vacant at the close of escrow Over the past several years, Hollywood has experienced a tremendous renaissance, with over $7.4 billion of development in the form of new hotels, multifamily, mixed-use, and office space. Many believe that this will cause Hollywood Boulevard and it’s retailers to transfer from being tourist-oriented into a district that caters to it’s increasing residential population as well as it’s ever increasing daytime population. It’s only logical to project that all of this development will not only translate into increased foot traffic but also a greater demand for fine / casual dining establishments, who can pay higher rents. 6325-27 Hollywood Blvd also benefits from being located in the following: Tier 4 Transit Oriented Community Zone, Opportunity Zone, State Enterprise Zone, and the Hollywood Entertainment District.
PROPERTY TAXES
Parcel Number | 5546-004-012 | Improvements Assessment | $1,071,772 |
Land Assessment | $6,365,020 | Total Assessment | $7,436,792 |
PROPERTY TAXES
Learn More About Investing in Retail Properties
Listing ID: 14023088
Date on Market: 10/9/2018
Last Updated:
Address: 6325-6327 Hollywood Blvd, Los Angeles, CA 90028
The Retail Property at 6325-6327 Hollywood Blvd, Los Angeles, CA 90028 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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