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 is approximately 27,000 square foot (not including mezzanines) which rents to businesses such as: retail, office, and the world-famous Boardner’s Restaurant and Nightclub. Situated on over 17,000 square feet of land on the south east corner of Hollywood Blvd and Cherokee Ave. There are over $5.3 Billion in current and near-term development projects within 3 miles of The Cherokee Building.
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 “Watering Hole” Boardner’s Bar & Restaurant, Hollywood legacy spanning decades and decades of lore, legend and history. “If the walls could talk!”
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 (and possibly Los Angeles) to be oriented around the automobile, predating Bullock’s Wilshire similar treatment” (Hollywood Revitalization, 1978).
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 (and possibly Los Angeles) to be oriented around the automobile, predating Bullock’s Wilshire similar treatment” (Hollywood Revitalization, 1978).
Hollywood is rapidly ascending into the defining urban core of Los Angeles. As a result of a huge, decade-long, public investment in infrastructure (including a dominant presence on the Metro rail), Hollywood is undergoing a profound renaissance that promises to fulfill its extraordinary potential. Real estate stories rarely read like this one.
The brand name of Hollywood is an unparalleled location in the very center of Los Angeles. The anchor of the entertainment industry, Hollywood is also a regional leader in healthcare, a huge tourism business, and has emerged as Los Angeles’s most important nightlife destination. There are literally dozens of new, hip and trendy, cafés, bars, restaurants, and nightclubs. These values help to drive an urban environment, which features historically compelling architecture, and plenty of underdeveloped parcels zoned for high-rise, high-density projects.
Hollywood benefits from almost across-the-board governmental consensus and support for redevelopment. The area enjoys broad-based grassroots community support for redevelopment. Hollywood has a strong Chamber of Commerce and four highly successful property owner-based Business Improvement Districts (BID).
Hollywood is on its way to bolstering its reputation as one of the most recognized brands in the world. In New York style, Hollywood benefits from a true urban grid, supporting a pedestrian-friendly walking community. There are many high-density mixed-use projects promoted by the planning department and Mayor’s office, especially near Metro rail portals.
