The Hirth Group of KW Commercial is pleased to present 4600 Hollywood Boulevard, Los Angeles, CA 90027! Strategically located in the heart of Hollywood, the subject property is situated north of Sunset Blvd, west of Hillhurst Ave, and east of N Vermont Ave. The asset is surrounded by Kaiser Permanente, Hollywood Presbyterian Medical Center, Children’s Hospital Los Angeles, Wendy’s, Church of Scientology, Enterprise Rent-A-Car, Rite Aid, Wells Fargo Bank, Chase Bank, Starbucks, and Bank of America to name a few. Hollywood has seen a dramatic transformation, as there has been over $5 billion invested since 2000.
4600 Hollywood Boulevard is a two-story mixed-use property, comprising of roughly 2,950 SF retail on the ground floor and approx. 2,950 SF office space on the second floor, totaling 5,897 SF of building on a 6,750 SF lot. The offices can be rented individually (6 units, SF varying from 200 SF to 750 SF). There are 2 separate bathrooms and showers on the second floor as well. There are 12-14 parking spaces in the rear of the property. The business and licenses are being sold with the property - $1,000,000 for the business and grand fathered in licenses and a purchase price of $4,500,000 for the real estate; includes roughly 12 licenses from hard liquor, gentlemen’s club, restaurant, café, entertainment and others (all grandfathered in). This is a unique opportunity for an investor to place a tenant and for an owner user to operate their business. With the office space already being renovated, turn key ready for a tenant and once leased out, total cost for an owner user while taking advantage of SBA financing with as little as 10% down will roughly be $15,464 per month total out of pocket (including property tax and mortgage) which is less than $5.25 / SF!
Being synonymous with the American entertainment industry, Hollywood is recognized worldwide for its fame and cultural identity as the historical center of stars. This unprecedented industry concentration is complemented by extensive retail and entertainment amenities such as the world-famous Hollywood & Highland complex with the Dolby Theater home to the Academy Awards.
CA DRE 01515796
CA DRE 02005428