The Hollywood Collection
2 Retail Properties in Los Angeles, CA
INVESTMENT HIGHLIGHTS
- Rare opportunity to acquire a Target, CVS Pharmacy, Marshalls, & LA Fitness anchored center on the world famous Hollywood Blvd.’s Walk of Fame.
- Peterson Building: Value-Creation Opportunity - Marshalls occupies 31,916 SF paying a below-market rent with a January 2026 lease expiration date.
- Outstanding & Highly Visible Location - Approx. 400 feet of direct frontage along Hollywood Blvd., which receives approx. 10M visitors annually.
- 7021 Hollywood: Value-Creation Opportunity - Ability to implement a lease-up strategy, with approximately 25,366 SF of vacant space.
- Collateral Includes Subterranean Parking Structure - 7021 Hollywood features a multi-level parking structure.
EXECUTIVE SUMMARY
A generational investment opportunity, The Hollywood Collection is an iconic value-add urban retail asset that features best-in-class anchor tenants Target, Marshalls, CVS Pharmacy, and LA Fitness. Located in the heart of one of Southern California’s premier tourist destinations within the Hollywood Entertainment District and along the renowned Hollywood Walk of Fame, the property comprises approximately 180,797 square feet, and (7021 Hollywood) also features a multi-level subterranean parking structure.
The Hollywood Collection is comprised of two components: 7021 Hollywood (Target, CVS, LA Fitness anchored) and The Peterson Building (Marshalls, LaLa Land). The two properties can be acquired separately or as a portfolio transaction.
7021 Hollywood
PRICE: Submit Offer
AS-IS NOI: $2,622,770.
PRO-FORMA NOI: $3,852,788
BUILDING AREA: 119,481 SF
OCCUPANCY: 79%
The Peterson Building
PRICE: Submit Offer
AS-IS NOI: $2,287,228
STABILIZED NOI: $3,120,647
BUILDING AREA: 61, 316 SF
OCCUPANCY: 100%
The Hollywood Collection is comprised of two components: 7021 Hollywood (Target, CVS, LA Fitness anchored) and The Peterson Building (Marshalls, LaLa Land). The two properties can be acquired separately or as a portfolio transaction.
7021 Hollywood
PRICE: Submit Offer
AS-IS NOI: $2,622,770.
PRO-FORMA NOI: $3,852,788
BUILDING AREA: 119,481 SF
OCCUPANCY: 79%
The Peterson Building
PRICE: Submit Offer
AS-IS NOI: $2,287,228
STABILIZED NOI: $3,120,647
BUILDING AREA: 61, 316 SF
OCCUPANCY: 100%
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$99,999
|
PROPERTY FACTS
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 180,797 SF |
| Total Land Area | 2.78 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Peterson Building
7001 Hollywood Blvd, Los Angeles, CA 90028 |
Retail | 61,316 SF | 1991 | - |
|
Hollywood Galaxy
7021 Hollywood Blvd, Los Angeles, CA 90028 |
Retail | 119,481 SF | 1991 | - |
