BuySellBlogBrowse Listings

6533 Hollywood BoulevardLos Angeles, CA 90028

For Sale

$26,000,000

Smart Buyer Rebate $260,000

The Harlan Residences at 6533 Hollywood Blvd. in Los Angeles is a registered Hollywood landmark with an incredible legacy of old Hollywood and modern adaptability located on the world famous Hollywood Walk of Fame. Ownership has spared no expense in modernizing this historic asset while carefully retaining its irreplaceable aesthetic. Built circa 1917 by Hollywood mogul Jesse Lasky and financed, in part, by the pronounced "King of Hollywood" Douglas Fairbanks, the Harlan is composed of 54 apartment units over approximately 8600 square feet of retail. Apartments feature hardwood flooring, stainless steel appliances, storage built-ins and in-unit washers and dryers. Residential tenants enjoy a private rear outdoor patio and secure entry via a state-of-the-art facial recognition system powered by the Swiftlane software and mobile app. The Harlan's first floor nightclub, restaurant, bar and performance/event spaces hearken back to a time of prohibition, speakeasies and the golden age of Hollywood. Houston Hospitality (www.houstonhospitalityla.com), a premiere LA nightlife operator and visionary, leases the entirety of the Harlan's retail spaces on a triple net basis with 3% annual increases. Across these unique spaces, Houston currently operates Madame Siam, an exclusive lounge and event space; Dirty Laundry, a speakeasy bar in the style of the 1920swith private rooms used often by celebrity and industry players and; Black Magic Rose, a magic-themed nightclub including a theater and tavern. Atop the Harlan is a recently re-engineered double-sided billboard leased to a best-in-class media group on revenue-share terms highly favorable to ownership. Overall, the asset is essentially turn-key, with roof, plumbing, HVAC, electrical replaced in the mid-2000s and a complete cosmetic upgrade performed in 2021-2022. Parking is provided via a license agreement with a nearby operator. Hollywood, a vibrant and iconic neighborhood in Los Angeles, is known as home to the global entertainment industry. Its iconic landmarks, including the Hollywood Walk of Fame, Grauman's Chinese Theatre, and the Hollywood Sign, are globally recognized symbols of the area. The neighborhood's diverse population is a captivating blend of cultures and lifestyles, attracting individuals from all walks of life. Hollywood's nightlife is equally vibrant, offering an array of bars, clubs, and live music venues. The area also boasts a diverse culinary scene, ranging from upscale eateries like Mother Wolf to casual hotspots like Roscoe's Chicken and Waffle House. Its ideal location, walkability, and easy access to public transport make this a highly sought-after neighborhood for renters. Just 6 miles from Downtown Los Angeles and 2.5 from West Hollywood, Hollywood attracts young professionals, creatives and affluent renters looking for a fun and amenity-rich neighborhood.

Listed by Adam Peterson

·

License #01815802

·

CB Richard Ellis, Inc.

·

13105502592

Last updated December 04, 2024

·

Source: CRMLS #24431369

Listing Facts

  • TypeMulti-family
  • NeighborhoodHollywood
  • Days on Prevu382
  • Size63,374 sqft
  • Price per sqft$410

Amenities

  • Dishwasher
  • Washer/Dryer
  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

09/17/2024
Status changed to Active
$26,000,000
09/17/2024
Status changed to Removed from Feed
$26,000,000
08/23/2024
Listed by CB Richard Ellis, Inc.
$26,000,000

Property Details for 6533 Hollywood Boulevard

Exterior

Construction

  • Number Of Units Total: 54
  • Property Condition: Updated/Remodeled
  • Stories Total: 4
  • Year Built: 1920
  • Architectural Style: Mediterranean
  • Entry Location: Foyer

Features

  • Direction Faces: South
  • View: City Lights

Measurements

  • Building Area Total: 63,374
  • Lot Size Acres: 0.35
  • Lot Size Area: 15,577
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 15,577
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 4.41
  • Gross Income: $2,039,834.00

Taxes

  • Parcel Number: 5547008001

Interior

Features

  • Appliances: Dishwasher, Refrigerator, Dryer, Washer
  • Flooring: Wood

Measurements

  • Living Area: 63,374

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Central
  • Has Heating: Yes
  • Laundry Features: Stacked
  • Sewer: Other
  • Water Source: Public

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.