6531 Hollywood Blvd, Los Angeles, CA 90028
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6531 Hollywood Blvd Los Angeles, CA 90028

$26,000,000
  • 39 Beds
  • 57 Baths
  • 63,374 Sq.Ft.
For Sale
$26,000,000 Get Pre-Qualified

Map preview of 6531 Hollywood Blvd, Los Angeles, CA 90028

Property Overview: 6531 Hollywood Blvd Los Angeles, CA has 39 bedrooms, 57 bathrooms, 63,374 living square feet and 15,577 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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 | BRE #01815802 | CB Richard Ellis, Inc.
Last checked: 13 minutes ago | Last updated: August 31st, 2024 | Source CRMLS | DOM: 26

Home details

Lot Sq. Ft
15,577
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24431369
City
Los Angeles
County
Los Angeles
Time on Site
27 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 54
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 28
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,805
  • Total Rent: $606,465
  • Pro Forma/Market Rent: $655,200
Unit Breakdown 2
  • # of Units: 13
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,339
  • Total Rent: $364,908
  • Pro Forma/Market Rent: $413,400
Unit Breakdown 3
  • # of Units: 10
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,034
  • Total Rent: $364,087
  • Pro Forma/Market Rent: $360,000
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $126,000
  • Pro Forma/Market Rent: $135,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.41%
  • Gross Rent Multiplier: 14.49
  • Gross Scheduled Income: --
  • Net Operating Income: $1,147,637
  • Gross Operating Income: $1,978,639
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 6531 Hollywood Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Levels: Multi/Split, Three Or More
  • Security Features: 24 Hour Security, Automatic Gate, Card/Code Access, Fire Sprinkler System, Fire and Smoke Detection System
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 54
  • Parcel Number: 5547008001
  • Year Built Source: Assessor
  • Architectural Style: Mediterranean
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: On the Hollywood Walk of Fame. On the corner of N. Hudson Ave and Hollywood Blvd.
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Sale History for 6531 Hollywood Blvd

Last sold for $16,000,000 on January 29th, 2015
  • August, 2024

  • Aug 23, 2024

    Date

    Active

    CRMLS: 24431369

    $26,000,000

    Price

  • January, 2015

  • Jan 29, 2015

    Date

    Sold (Public Records)

    Public Records

    $16,000,000

    Price

  • July, 2010

  • Jul 9, 2010

    Date

    Sold (Public Records)

    Public Records

    $10,500,105

    Price

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Tax History for 6531 Hollywood Blvd

Assessed Value (2020): $17,727,476
Year Land Value Improved Value Assessed Value
2020 $5,055,120 $12,672,356 $17,727,476

Home Value Compared to the Market

This property vs the competition

6531 Hollywood Blvd is listed 2066.67% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $410.26 per/sqft which puts the price per square foot 46.58% lower than the median price per square foot for the city of Los Angeles.

About 6531 Hollywood Blvd

Detailed summary of property

6531 Hollywood Blvd is a multi family located in Los Angeles, CA 90028 and is currently for sale. This multi family property offers 39 bedrooms, 57 bathrooms, roughly 63,374 living square feet, and sits on an approximately 15,577 square foot lot. 6531 Hollywood Blvd was first listed on ArdentRealEstateGroup.com on August 23, 2024. The homeowner is currently asking $26,000,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 2066.67% higher than the median priced home. While the average home in Los Angeles, CA is selling in 106 days, 6531 Hollywood Blvd has a days on market of 26 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. For more information on this home for sale at 6531 Hollywood 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 6531 Hollywood Blvd

Public county record property details
Beds
--
Baths
--
Year built
1920
Sq. Ft.
63,374
Lot Size
15,587
Stories
4
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5547-008-001

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
51
Median Sale to List Price %
101.5%
Avg Days on Market
32
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Related Resources to 6531 Hollywood Blvd

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.