Property Description
Property TypeCommercial Sale
Property Sub TypeMixed Use
SqFt
27,022
Year Built1927
CountyLos Angeles
Price/SqFt$666.12
StatusActive
Hollywood's Premier Landmark Building
The Cherokee Building has been a Hollywood landmark since its original construction in 1927 and is famous for being one of Hollywood’s first major retail buildings with an interior motor court. Located in the heart of Hollywood, 3 blocks east of Hollywood Blvd. and Highland Ave. and 4 blocks west of Vine St. The Cherokee Building offers an investor a rare and unique opportunity to acquire a trophy property with an unparalleled 121 feet of frontage along Hollywood Blvd.
The Cherokee Building presents an opportunity for a qualified investor to purchase a rare asset with both significant upside rental, appreciation, and extraordinary future development. J.C. Amber clothier provided decades of custom designs, tailoring, outfitting and clothing to Hollywood’s most famous entertainers, movies stars and musicians. The Cherokee Building is also home to Hollywood’s oldest and most famous Bar. Rich in Hollywood legacy spanning decades and decades of lore, legend and history.
Located in the heart of Hollywood 3 blocks east of Highland Ave. and four blocks west of Vine St. On a signaled corned in the core of Hollywood Boulevard’s booming tourist market, surrounded by office buildings, high end restaurants, retail, night clubs, and new residential and commercial developments. One of Hollywood’s most highly traveled thoroughfares averaging almost 14,000 cars per hour! The Cherokee Building not only benefits from the incredible exposure and visibility Hollywood Blvd offers, but also the fantastic walking traffic generated by the millions of tourists who visit Hollywood every year. Near Gene Autry’s and James Caan’s stars along the famous Hollywood Boulevard Walk of Fame. Stop number 34 on Hollywood’s walking tour.
This structure is another fine example of the Spanish Colonial Revival Style building on Hollywood Boulevard. Norman W. Alpaugh was a Canadian Architect who moved to Los Angeles; he also designed buildings in New York. The delicacy of the grillwork and Moorish detail give this building a warmth and attractiveness that is unsurpassed. The enclosed interior courtyard with tiled fountain captures the romantic feeling of Spain, and is unusual for commercial buildings in Hollywood. Designed around a parking lot, with an elaborate rear entrance, this structure is one of the earliest structures in Hollywood (possibly Los Angeles) to be oriented around the automobile, predating Bullock’s Wilshire similar treatment”
Listing IDPV21194569
Price$18,000,000
Primary Features
County
Los Angeles
Price/SqFt
666.12
Property Sub Type
Mixed Use
Property Type
Commercial Sale
Year Built
1927
Interior
Building Area Units
Square Feet
Building Features
Elevators
Condo Area Units
Square Feet
Cooling Type
Central Air, Evaporative Cooling
Cooling
yes
Heating
yes
Heating Type
Forced Air
Inclusions
Mezzanine
Laundry Features
None
External
Construction Materials
Concrete, Steel
Electric
Electricity - On Property, Standard
Lot Size Source
Assessor
Minimum Total Area Units
Square Feet
Roof
Flat, Rolled/Hot Mop
Signage
Sign on Building
Water Source
Public
Location
Country
US
MLS Area Major
C20 - Hollywood
Additional
Additional Parcels
no
Building Status
Existing
Days On Market
354
Exclusions
All private property of tenants and owners
List Agent State License
01126091
List Office State License
01948605
Max Total Area Units
Square Feet
Parcel Number
5547015031
Security Features
Closed Circuit Camera(s)
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Financial
Electric Expense
29290
Expense Year
159452
Gross Scheduled Income
680000
Insurance Expense
22000
Legal Accounting Expense
6000
Maintenance Expense
15860
Net Operating Income
520548
Operating Expense
159452
Professional Management Expense
37000
Real Estate Tax Expense
29422
Special Listing Conditions
Standard
Tax Annual Amount
29422
Tax Year
2021
Total Expenses
159452
Trash Expense
2882
Zoning Info
Home Valuation
Request More Information - Listing ID PV21194569
© 2023. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Laguna Gallery Real Estate or one of their associates. Last updated Saturday, February 4th, 2023.
Based on information from CARETS as of Saturday, February 4th, 2023 04:02:13 AM. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CARETS as of Saturday, February 4th, 2023 04:02:13 AM. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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