1617 N Cahuenga Blvd Los Angeles, CA 90028

$5,850,000 Sold Price as of 11/01/2019

-- Beds
-- Baths
15,000 Sq.Ft.

Off Market

$5,850,000 Sold Price as of 11/01/2019 Refinance Your Mortgage

Map preview of 1617 N Cahuenga Blvd, Los Angeles, CA 90028

Property Overview: 1617 N Cahuenga Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 15,000 living square feet and 8,250 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1617 N Cahuenga Blvd is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1617 N Cahuenga Blvd

Last sold for $5,850,000 on November 1st, 2019

October, 2021
Oct 12, 2021

Date

Active

CRMLS: 21794722

$7,950,000

Price
Listing provided courtesy of CRMLS

Located next to one of the most famous streets in Los Angeles, Hollywood Boulevard & the walk of fame, this unique property nestled among multi-million dollar projects in an area with the Dream Hotel, Beauty & Essex and Tao just to name a few. This property is an amazing development opportunity waiting for the right buyer with a vision. This building is zoned C4-D2-SN and in one of the most desirable blocks in Hollywood. The property is home to one of the most influential indie music venues in Hollywood, the Hotel Cafe. The Hotel Cafe was featured on the Grammys in 2021 as one of the most important music venues in LA. Next door is the Burgundy room, locally known as one of the oldest bars in Hollywood. The Hotel Cafe and The Burgundy room are on the ground floor totaling 8250 sq ft (includes outdoor patio), the Hotel Cafe has exclusive use of patio space in the back alley way. The upstairs is currently leased to 1 tenant who operates the West Inn Hotel with a total of 21 rooms, 10 of which have en suite bathrooms and 2 bathrooms located in the hallway are shared by the remaining 11 rooms. The property will be delivered with all tenants. This property is located close to Hollywood/Vine Metro Station, Pantages Theater, Sunset & Gower Studios, Capitol Records, Hollywood Palladium and Hollywood Bowl.

Continue Reading
November, 2019
Nov 1, 2019

Date

Sold (Public Records)

Public Records

$5,850,000

Price

Tax History for 1617 N Cahuenga Blvd

Assessed Value (2020): $5,829,000

Year	Land Value	Improved Value	Assessed Value
2020	$4,950,000	$879,000	$5,829,000

About 1617 N Cahuenga Blvd

Detailed summary of property

1617 N Cahuenga Blvd is categorized with a use code of Hotel in Los Angeles, CA 90028 and last sold on November 1, 2019 for $5,850,000. This property has -- bedrooms, -- bathrooms, roughly 15,000 living square feet, and sits on an approximately 8,250 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 422.32% higher than the current median priced home. 1617 N Cahuenga Blvd was last sold on November 1, 2019 for $5,850,000. Local nearby listings include 6250 Hollywood Blvd #7N, 6250 Hollywood Blvd #14D and 6250 Hollywood Blvd #11F. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 1617 N Cahuenga Blvd Los Angeles, CA 90028 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1617 N Cahuenga Blvd

Public county record property details

Beds: --
Baths: --
Year built: 1922
Sq. Ft.: 15,000
Lot Size: 8,250
Stories: --

Type: Hotel
Pool: No
Spa: No
County: Los Angeles
Lot#: 2-4
APN: 5546-007-035

The source for these homes facts are from public records.

90028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,099,000

Median List Price/Sq.Ft.

$695

Median Sold Price

$1,015,000

Median Sold Price/Sq.Ft.

$728

Total Inventory

Median Sale to List Price %

101.5%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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(714) 706-1823

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