6533 Hollywood Boulevard

Los Angeles, CA 90028

$26,000,000
Price
5
Beds
5
Baths
63,374 Sq. Ft.
$410 / Sq. Ft.
63,374
Sq. Ft.
$410
per Sq. Ft.

Description

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...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.
  1. Listed by Adam Peterson • DRE #01815802 • Brokerage DRE #00868409 • CB Richard Ellis, Inc.

Property Details for 6533 Hollywood Boulevard

Water Front
None
Zoning
LAC4
Style
Mediterranean
Parcel Number
5547008001
Total Units
54.0
Living Area
63374
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
LISTING UPDATED: 08/31/2024 12:01 AM

Property Details for 6533 Hollywood Boulevard

StatusActive
MLS #24-431369
Days on Market86
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.36 AC / 15,577 SF
CountyLos Angeles County

Building Information for 6533 Hollywood Boulevard

Stories4Residences-Year Built1920Building Size-Lot Size0.36 AC / 15,577 SF

Property Information for 6533 Hollywood Boulevard

Community / Development
Community / Development
  • Number Of Units: 54
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 4
  • Number Of Buildings: 1
  • Type Of Units: Apts, Retail
  • View: Yes
  • View Description: City, City Lights
  • View: City Lights
  • Security Features: 24 Hour, Automatic Gate, Card/Code Access, Fire Sprinklers, Fire and Smoke Detection System, Exterior Security Lights
  • Direction Faces: South
  • Property Condition: Updated/Remodeled
  • Water: District
  • Sewer: In Street
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan
  • Disclosures: Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $1,978,639
  • Net Operating Income: $1,147,637.00
  • Gross Income: $2,039,834
  • Cap Rate: 4.41%
  • Gross Rent Multiplier: $14.49
  • Total Annual Expense: 831003
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.3577
  • Lot Size Square Feet: 15577
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 0
Interior Features
Interior Features
  • Levels: Multi/Split, Three Or More
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Wood, Wood Laminate
  • Equipment: Dishwasher, Refrigerator, Elevator, Dryer, Washer, Stackable W/D Hookup, Range/Oven, Freezer
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Entry Location: Foyer
  • New Construction: No
  • Construction MVO: Frame and Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-23-2024
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity, Water, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,805.00
  • Unit Actual Rent: $606,465.00
  • Unit Projected Rent: $655,200.00
  • Like Units: 28
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,339.00
  • Unit Actual Rent: $364,908.00
  • Unit Projected Rent: $413,400.00
  • Like Units: 13
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,034.00
  • Unit Actual Rent: $364,087.00
  • Unit Projected Rent: $360,000.00
  • Like Units: 10
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $126,000.00
  • Unit Projected Rent: $135,000.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $10,822,200.00
  • Assessed Improvement Percent: 55.26
  • Assessed Land Value: $8,761,800.00
  • Assessed Land Percent: 44.74
  • Assessed Total Value: $19,584,000.00

Property History for 6533 Hollywood Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 6533 Hollywood Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Gardner Street Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

Selma Avenue Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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6533 Hollywood Boulevard is a multi-family home for sale in Los Angeles, CA 90028. This property was listed for sale on August 23, 2024 by CB Richard Ellis, Inc., it's currently listed at $26,000,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Gardner Street Elementary School, Hubert Howe Bancroft Middle School and Hollywood Senior High School. 6533 Hollywood Boulevard is a 5-bed, 5-bath, 63,374 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB Richard Ellis, Inc., Adam Peterson, DRE #01815802

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.