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Joint Venture Acquires 44K SF Mixed-Use Building In Los Angeles For $7M From Blatteis & Schnur

Property Image
SOLD
$7,000,000

California

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Mixed-use44,000 SF
Sold 08/15/2025
the dealdetailscomps
Property Image
SOLD

Joint Venture Acquires 44K SF Mixed-Use Building In Los Angeles For $7M From Blatteis & Schnur

6904 Hollywood Boulevard

See Similar Deals
Mixed-use44,000 SF
Sold 08/15/2025
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$159
Total Square Footage:44,000 SF
Transaction Type:Sale

A joint venture has acquired a mixed-use property located at 6904 Hollywood Boulevard in Los Angeles for $7,000,000. The building spans 44,000 square feet, resulting in a price per square foot of $159. This asset was previously listed at $35 million in May 2024, indicating an 80% decrease from its asking price. The property, known for its proximity to the Hollywood Walk of Fame, is currently 50% occupied and includes a lease with a Disney billboard.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $7,000,000
  • Square Footage: 44,000
  • Price Per Square Foot: $159
  • Address: 6904 Hollywood Boulevard
  • Market: Los Angeles
  • Seller: Dan Blatteis & Robert Schnur - Blatteis & Schnur
  • Broker: Hanley Investment Group

The transaction highlights the involvement of Dan Blatteis and Robert Schnur, representing Blatteis & Schnur as sellers. Hanley Investment Group acted as the broker facilitating the sale, emphasizing the brokerage's role in the transaction.

Players

Hanley Investment Group
Hanley Investment Group
BROKERAGE
BS
Blatteis & Schnur
SELLER

Details

SOLD
IMAGE: Robert Schnur DATE: 08/15/2025 ADDRESS: 6904 Hollywood Boulevard MARKET: Los Angeles ASSET TYPE: Mixed-use SELLER: Dan Blatteis & Robert Schnur - Blatteis & Schnur BROKER: Hanley Investment Group SALE PRICE: $7,000,000 SF: 44,000 ~ PPSF: $159 NOTE: A joint venture bought the 44K SF mixed-use building at 6904 Hollywood Blvd. for $7M, an 80% drop from its $35M May 2024 asking price, from seller Blatteis & Schnur.The Hollywood Walk of Fame property, 50% occupied and with a Disney billboard lease, sold for $159/SF amid California’s weak CRE market and high vacancy rates.

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