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6523-6529 Hollywood Blvd

16,000 SF 100% Leased Retail Building Los Angeles, CA 90028 $8,900,000 ($556/SF) 6.81% Cap Rate

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Executive Summary

The property is located on the iconic Hollywood Boulevard, right in the heart of Hollywood’s bustling entertainment district. It neighbors top-notch establishments like the new Whisky Hotel, the Dream Hotel, Thompson Hotel, Tao, Beauty & Essex, and Mama’s Shelter. This vibrant area is a magnet for both locals and tourists, offering myriad options for dining and entertainment, epitomizing the quintessential Hollywood lifestyle. Hollywood is rapidly becoming one of Southern California’s top development hotspots, leading Los Angeles County in new office construction. The entertainment industry is returning to its roots here, and an influx of new residential developments is attracting a young, tech-savvy demographic.

Hollywood Hudson Building V5

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront

Building Size

16,000 SF

Building Class

Year Built

1920

Price

$8,900,000

Price Per SF

$556

Cap Rate

6.81%

NOI

$606,040

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Slab To Slab

11’

Building FAR

0.99

Lot Size

0.37 AC

Opportunity Zone

Yes

Zoning

LAC4

Parking

30 Spaces (1.88 Spaces per 1,000 SF Leased)

Frontage

116 FT on Hollywood Blvd

Accommodation and Food Services
99,999 SF
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AfricanAmerican entrepreneurs Harold and Hilda Pierce founded Harold’s Chicken Shack in 1950 with their first small restaurant on 39th Street in Chicago. With 66 years of success, Harold’s Chicken has expanded throughout the Chicago area, amassing dozens of locations in Illinois and beyond. Harold’s Chicken locations have been opened in Northwest Indiana, Detroit, Iowa, Milwaukee, Las Vegas, Madison (WI) and Dallas. In June 2012, Harold’s expanded it’s brand to the vibrant city of Atlanta, Georgia, as “Harold’s Chicken & Ice Bar”. Harold’s Chicken & Ice Bar was the first Harold’s franchise to transition from the traditional, informal “Harold’s Chicken Shack” which served primarily takeout orders, to a more traditional sit-down, sports bar atmosphere with a full bar.