Live/Work Lofts

Investors Continuing to Want In On The Hollywood Real Estate Action

Photo courtesy of Ken Lubas / Los Angeles Times

There was an article yesterday in the LA Times about another purchase of prime real estate in Hollywood, where the developer is planning a large mixed-use project. According to the times article, "Champion Real Estate Co. bought the paved 1.1-acre site behind the Hollywood Boulevard restaurant (Musso & Frank Grill) and between Cherokee and Las Palmas avenues from Common Fund. The price was not disclosed, but Hollywood real estate experts familiar with the property valued it at nearly $10 million." They are planning on creating a $50 Million dollar complex that would include residential, retail, and possibly a hotel. This is in addition to their purchase last year of a nearby Hollywood site that's over 2 acres. Among other ongoing development projects, there is currently a new mixed-use project being created on Sunset Blvd and Bronson by the mighty CIM Group, who has been at the forefront of the development in Hollywood with their groundbreaking Hollywood & Highland shopping complex.

The president of the Champion company sums up the development in the area nicely by stating, “We really love Hollywood,” President Robert Champion said “The city has designated Hollywood to be an urban location and we think, long term, a mixed-use project there will be a home run.”

For those of you that don't have the ability to buy or develop an entire building, but would like to invest in the growth in Hollywood, which is surely going to continue to boom; I have a loft at Hollywood & Vine for sale. Get in on the action and grab a piece of the growth!

If you would like to visit this uber chic loft in person, please feel free to contact us anytime @ 310.600.9172 or email

Cool Hollywood Live/Work Loft

I am not sure the pictures really do this one justice, but this is a large open space with soaring ceilings and would be an ideal live/work situation. In addition to the pics below, not shown is a super sized garage that can be used as an office space, photographer/artist studio, etc. The 10 unit building was built in 2002, so is newer, and features hardwood flooring, open beamed ceilings, and a ton of natural light from the multitude of windows. A large balcony up top showcases views looking back at Hollywood and of the Hollywood sign in the distance. The floor plan and space allow for several different options and configurations depending on one's needs.

6920 Pacific View Dr, Hollywood Hills

$739,000 2 Bed 1 Bath 2,000 Sq. Ft/Other

Listing & Photos courtesy of Lynne Langdon - Hilton & Hyland

Please note, I believe that the 2,000 sq. ft listed on the listing does include the above mentioned garage space. If you would like to visit this property in person, please feel free to contact us anytime @ 310.600.9172 or email

Interesting Dichotomy In Downtown LA This Past Weekend

With the Sky Lofts building in the background, and amongst many other slick new luxury lofts for sale or lease signs, these protestors were out in support of the fight over Labor issues in Wisconsin. They were out trying to protect the "American Dream" and "Workers Rights," while I was out showing high end lofts to new client's. I was trying to get to a showing, but traffic wasn't moving at all, so I parked in a lot and walked to the building. I had my camera on me, so was able to get some shots of the protest, as I passed straight through it. It was an interesting dichotomy and experience to say the least...

Photos by Eric Smilay for Smilay Properties

Hollywood & Vine Expansion Pictures

Just a few of the pictures I took today of the Sunset/Hollywood & Vine area of booming Hollywood to visually represent previous posts about the area's rise. This is obviously just a snapshot of a small area, and I will have more of new shopping on Cahuenga, new loft buildings, hotels, and more soon. I live in and around this area, so shooting in Hollywood is easy. [flickr size="small" float="left"][/flickr]

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