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6816 - 6820 W Sunset Boulevard, Los Angeles, CA

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6816 - 6820 W Sunset Boulevard

Los Angeles, CA 90028 - Hollywood/Silver Lake Submarket

(909.0 KB)

Property Type:Office Sub Type:- Status:Existing , Renov 2015 Year Built:1912
Stories:2 Typical Floor:2,221 SF Building Size:4,442 SF
For Sale Price:$7,000,000 Price/SF:$1,575.87
Cap Rate:2.84 %
Parking:Free Surface spaces are available; Ratio of 2.7/1,000 SF Amenities:Bus Line

Sale Notes:
PLEASE NOTE: Price includes 48ft Billboard, which skews the price per square foot higher.

BRC Advisors, as the exclusive listing agent, is pleased to present a rare opportunity to acquire a 7 unit media office building with a 48ft billboard in one of the most desirable locations in Hollywood. The billboard is visible from both Sunset Blvd. and Highland Ave. The building recently underwent extensive renovation which was completed in November 2015. The property features new asphalt on the parking lot, hardwood flooring throughout the interior of the building, upgraded electric and plumbing, remodeled bathrooms, and music-industry specific flooring in the ground floor units. The building consists of seven (7) units and twelve (12) parking spaces. Their existing master lease and the units are currently being used as a music studio and production facilities.

Located at the intersection of Sunset Blvd and Highland Ave, this location provides an unparalleled signage opportunity with high visibility on one of the busiest intersections in Los Angeles. 6820 Sunset is also located less than half a mile from the famous Hollywood and Highland complex and metro rail station, and numerous tourist attractions including the Hollywood Walk of Fame, the Egyptian, Chinese, and El Capitan theaters, the historic Musso & Frank Grill, and more. The building is across from Hollywood High School and around the corner from the trendy yoga studio, Wanderlust Hollywood.
6820 Sunset offers a fantastic opportunity for steady income with tremendous upside in a rapidly gentrifying and historic area. The location makes the billboard particularly desirable, as it is visible from both Sunset Blvd. and Highland Ave. The daytime population within 1 mile exceeds 400,000 due to the tourist attractions only a short walk away, and the Sunset and Highland intersection averages over 100,000 cars per day. These two figures represent the potential for growth and signage income that make this property so unique.

Net Lease Investment with 4 years left on lease

BRC Advisors Manhattan Beach
Ryan Cinelli
(310) 895-7170

Elizabeth Humphreys
(213) 226-8716

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