For Sale

Cahuengaat Selma

1602–1608 N Cahuenga Blvd
Hollywood, California

CBRE

Nicole Mihalka  ·  Cristian Goodson  ·  Will Rose

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Aerial approach to Cahuenga at Selma with the Hollywood Hills beyond
01 · The offering Enter offering ↓ Scroll to explore

A corner building on the block Hollywood is rebuilding around.

18,606 RSF
Two stories
±190′ of frontage

Four spaces at grade.
Creative office above.

Two rooftop sign faces

5,665 RSF

Second-generation hospitality infrastructure

Full liquor · High ceilings · Two bars

Existing income.
Owner-user potential.
Leasing upside.

Occupy.
Re-tenant.
Reposition.

From morning coffee through last call.

For Sale

A Hollywood corner with multiple paths to value.

1602–1608 N Cahuenga BlvdOffered at $11,950,000

01The offering in detail

Income in place. A defining hospitality space available.

Built in 1926 and renovated in 2010, the property comprises 18,606 rentable square feet with ±190 feet of frontage at the northeast corner of Cahuenga and Selma. Four ground-floor spaces, a full creative-office floor, rooftop signage and alley access combine with existing tenancy and a 5,665 RSF second-generation restaurant and bar opportunity.

A buyer can occupy, re-tenant or reposition the available St. Felix and Powder Room premises while retaining the remaining income. Existing restaurant and bar equipment serving St. Felix and Tribute is included. Any future liquor-license benefit associated with Tribute would arise only after its current lease ends and remains subject to applicable transfer and licensing requirements.

Located within Hollywood's hotel and dining district, the property sits near Dream Hollywood, Blue Note, Bristol Farms and the future reopening of the Cinerama Dome. It is a century-old corner positioned for continued relevance as the surrounding district evolves.

18,606 RSF
Total BOMA area
±190′
Two-street frontage
5,665 RSF
Hospitality opportunity
$11,950,000
Offering price
02The asset

One hundred ninety feet of frontage on two Hollywood streets.

Aerial view north along Cahuenga Boulevard with the subject corner in the foreground and the Hollywood Sign beyond The corner hospitality storefront at 1602 N Cahuenga with its black blade sign and gold script window lettering
Ground-floor bar interior with mirrored gallery wall, leather banquettes and window seating over the boulevard Second-floor creative office interior with exposed brick, board-formed concrete beams and polished floors
18,606
Rentable square feet
±190
Frontage · 110′ Cahuenga, 80′ Selma
2
Stories · NEC corner
1926
Built · renovated 2010
4
Hospitality rooms at grade
1
Full creative-office floor
2
Rooftop sign faces
LAC4
Zoning · APN 5546-008-009

Corner location, visibility, rooftop signage, alley access and existing hospitality infrastructure are the strategic value of the asset—not extras around a single-use building.

The building occupies the northeast corner of Cahuenga and Selma, with about 110 feet of frontage on Cahuenga and 80 feet on Selma. That geometry produces continuous visibility at the intersection. Two sign faces already sit on the roof. Alley access at the rear supports servicing without sacrificing the street.

The ground floor is existing hospitality infrastructure: rooms already built for restaurant, bar, café and gathering, with a full creative-office floor above. The sale includes the restaurant and bar equipment now serving St. Felix and Tribute. The St. Felix and Powder Room premises are marketed for lease; remaining tenancy continues to support the asset. Neither use is the ceiling of the position.

At the end of the current Tribute lease, the Tribute liquor-license benefit is expected to come with the property, subject to applicable transfer and licensing requirements. That is not an immediate transfer, and no license value is stated on this page.

Assemblage

Controlling the corner inside the Vinyl District.

1602–1608 N Cahuenga is a defined starting point on the east side of Cahuenga, inside the Hollywood Vinyl District. The surrounding fabric is a run of smaller parcels. Owning this intersection means owning the piece that organizes frontage, visibility and access for anything assembled beside or behind it.

Expanded frontage, greater site control and future development scale would require separately negotiated acquisitions. Adjacent parcels are not included in this offering. Assemblage or redevelopment is a path to evaluate, not a plan on offer. Zoning, entitlements, lot ties and structural capacity remain for a buyer and its advisors to determine.

Prospective purchasers should independently evaluate adjacent ownership, availability, zoning, entitlements and any assemblage strategy with their legal and technical advisors. This page does not assume those outcomes.

03Income + Opportunity

Income in place + a defining space available.

Existing tenancy supports the asset today. The 5,665 RSF St. Felix and Powder Room premises create a direct path to occupy, re-tenant or reposition the corner's defining hospitality space.

The available premises total 5,665 RSF: 4,016 RSF on the St. Felix ground floor, a 1,123 RSF mezzanine above 1602, and the 526 RSF Powder Room. Existing kitchen and bar infrastructure is in place, with documented 40-seat outdoor dining and bar service on EaCa Alley. The space is currently marketed for lease.

$11,950,000
Asking price
$642
Price per RSF
5,665
RSF available hospitality premises
4,542
Combined ground-floor RSF · 4,016 + 526
1,123
RSF mezzanine
18,606
Total RSF

Confidential

Rent roll, leases and supporting diligence

Request materials
04Current tenancy

The operators behind the income.

Cahuenga at Selma has an active mix of hospitality, food-and-beverage, entertainment, and creative-office users, plus one significant restaurant and bar opportunity marketed for lease. Together they reflect the building's role in the Vinyl District's daily and nighttime economy.

Rentable area schedule

18,606 RSF total

Available hospitality offering

5,665 RSF

St. Felix ground floor · 4,016 RSF St. Felix mezzanine · 1,123 RSF The Powder Room · 526 RSF

Tribute Hollywood

3,276 RSF

Ground floor · 2,514 RSF Mezzanine · 762 RSF

Caffè Hub

1,246 RSF

Selma frontage café premises

American Cinematheque

8,419 SF including terrace

Interior ground + second floor · 7,747 RSF Separate roof terrace · 672 SF

The St. Felix storefront at 1602 N Cahuenga Boulevard

Available · Marketed for lease 1602–1606 N Cahuenga

St. Felix + The Powder Room

A currently operating, second-generation restaurant and bar marketed for lease: 5,665 RSF in all, with a 4,016 RSF St. Felix ground floor, a 1,123 RSF mezzanine above 1602, and the 526 RSF Powder Room. Existing kitchen and bar infrastructure is in place, with documented 40-seat outdoor dining and bar service on EaCa Alley.

Tribute exterior and entrance at 1608 N Cahuenga Boulevard

Neighborhood bar · Late-night 1608 N Cahuenga

Tribute Hollywood

A music-aware neighborhood bar and late-night gathering place built around cocktails, comfort food, and music-driven programming. At 1608 N Cahuenga, Tribute brings the building's cultural lineage into the present across 3,276 RSF.

Caffè Hub storefront at the Cahuenga and Selma corner

Café 6371 Selma Ave

Caffè Hub

A neighborhood café on the building's Selma frontage, built around premium coffee, fresh food and cold-pressed juices. It holds the corner's morning and daytime trade in a quieter register than the block around it. The premises total 1,246 RSF.

American Cinematheque marquee at the Aero Theatre

Creative office · Cultural institution 1604 N Cahuenga

American Cinematheque

A nonprofit cultural organization devoted to the moving image and its public presentation. American Cinematheque occupies 7,747 RSF of interior ground- and second-floor creative-office premises, plus a separate 672 SF roof terrace.

Tenant-level lease materials are available to qualified parties through the confidential diligence process.

05Ownership repositioning

Rooftop signage

Two rooftop sign faces already occupy the intersection. Ownership has engaged Orange Barrel Media to replace the existing static signage with digital display faces. The proposed program would strengthen the corner's visibility along Cahuenga. It is proposed only: not approved, not contracted, and not included in the in-place income.

Proposed condition: a digital display face above the Cahuenga and Selma corner
Existing condition: static signage above the same corner, northbound Cahuenga Boulevard
Existing Proposed

Drag to compare · N Cahuenga Blvd at Selma Ave, northbound · Renderings: Orange Barrel Media · Proposed, subject to permitting and approval

06The record

A hundred years of the same use.

Historic black-and-white street view of the Cahuenga and Selma building with early storefront and dance-studio signage
Cahuenga and Selma, historic view

1604 N Cahuenga was Wally Heider Recording Studio, where Fleetwood Mac cut part of Rumours alongside sessions by the Beach Boys, Linda Ronstadt and Jimi Hendrix. Next door at 1608, Shelly Manne ran the Manne-Hole from 1960 to 1972, and a sidewalk plaque still marks it. Before either, the Cansino family taught dance in the building.

Music, performance and hospitality have paid rent on this corner through every Hollywood cycle in living memory.

07The district

Capital is landing on these blocks.

The Vinyl District is the context that gives this corner its leverage: a compact circuit of hotels, dining, music and nightlife, with new capital landing on the same blocks. Control of Cahuenga and Selma is a position inside that district, not a bet on one operator.

Bathhouse spa interior with plunge pools under an amber-lit ceiling
55,000 SF
Bathhouse · Sunset & Cahuenga

A 25-year lease in the former Amoeba Records building, among the largest retail commitments in Hollywood in years.

Bristol Farms produce hall with fresh fruit displays under exposed-beam lighting
Open
Bristol Farms · Selma & Argyle

Premium grocer anchoring the weekday, the daypart hospitality corners work hardest for.

Blue Note Jazz Club listening room with candlelit tables facing the stage
Open
Blue Note · Sunset & Selma

A national jazz institution, four blocks from a corner whose own history is a recording studio and a jazz club.

Hollywood and Vine Metro station interior with film-reel ceiling and palm-tree columns
0.3 mi
Hollywood/Vine Metro · Walk Score 80

Rail at walking distance, with up to 31,668 vehicles a day past the corner.

Cinerama Dome · 2028

The Dome is coming back

Graphic announcing the planned 2028 return of the Cinerama Dome with Alamo Drafthouse Hollywood

Sony Pictures Entertainment and Alamo Drafthouse will restore and reopen the Cinerama Dome in early 2028, with the former ArcLight beside it reopening as a 14-screen Alamo Drafthouse. Three minutes on foot, and the largest returning generator of evening traffic in the district.

Pipeline

Under construction and entitled nearby

  • 01

    Artisan Hollywood

    23 to 25 stories, roughly 260 to 270 apartments and about 40,600 SF of commercial space on the adjacent block south. Gensler for Artisan Ventures.

    Renderings
    Aerial rendering looking north over Cahuenga Boulevard with the approved Artisan Hollywood tower one block south of the subject
    Aerial · Gensler for Artisan Ventures
    Street-level rendering of the approved Artisan Hollywood tower and commercial frontage at Selma and Ivar
    Street level · Gensler for Artisan Ventures
    Entitled
  • 02

    Found Residences

    14 to 15 stories, 45 co-living apartments on Selma. DLR Group for Hawkins Way Capital.

    Rendering
    Street-level rendering of the entitled Found Residences building on Selma Avenue with the brick frontage retained at ground level
    Street level · DLR Group for Hawkins Way Capital
    Entitled
  • 03

    Hollywood & Cahuenga · Onni Group

    14 stories, roughly 217,000 SF of office and retail, two blocks north.

    Building
  • 04

    Echelon at 1200 Cahuenga · BARDAS

    115,000 SF of creative office on the same street.

    Building
  • 05

    Hotel NUE · Unbound Collection by Hyatt

    64 keys one block south, feeding the Selma corridor.

    Building
  • 06

    Franklin & Cahuenga · CGI+

    20 stories, 223 units, north on Cahuenga.

    Proposed

Trade area

61,756
Residents · 1 mile
41,369
Daytime employees · 1 mile
105M
Annual visitors to Hollywood
$4.45B
District business sales
$138.9M
Food away from home · 1 mile
132
Nightlife demand index · US = 100
7,100+
Housing units entitled or building
0 SF
Competing retail under construction
08On foot

Everything that supports the corner is inside a ten-minute walk.

Loading the neighborhood map…

Why the walk matters

The district works before the destination.

Cahuenga at Selma sits at the center of a compact Hollywood circuit: destination hotels and rooftops, independent restaurants, music and nightlife, studios, the Metro, and the returning Dome—all within a short walk. It captures a customer base that is both local and global, from nearby residents and creative-office users to hotel guests and the year-round visitor economy.

A corner built for the full day. Morning coffee, daytime meetings, dinner, late-night traffic, and the cultural calendar all overlap here. With new hospitality, retail, residential, and entertainment investment landing nearby, the corner benefits from the district's existing rhythm while participating in its next chapter.

09Underwriting

Run your own numbers.

A transparent NOI bridge: verified in-place economics today, then a buyer-controlled year-one and stabilized scenario for the 5,139 RSF St. Felix ground floor and mezzanine. The separate 526 RSF Powder Room remains part of the 5,665 RSF offering but is excluded from modeled rent. Forward cases are illustrative only — not a representation, projection, or statement of current property performance beyond the in-place totals shown.

In-place Today

Aggregate occupied-tenant and existing signage income from the 2026 proforma, with the 5,665 RSF St. Felix and Powder Room premises at $0 current revenue, less the same proforma’s property operating expenses. Tenant-level rents are not shown.

$593,747
Aggregate in-place income
$0
Available premises · current revenue
$69,311
Property operating expenses

2026 pro forma estimate; subject to verification through buyer diligence.

$524,436
In-place NOI
4.39%
In-place cap · your price

Buyer-controlled forward assumptions

Purchase price · starts at asking

$
$524,436
In-place NOI
·
Year-one scenario NOI
·
Stabilized scenario NOI
·
Stabilized cap · your price
Modeled St. Felix premises5,139 RSF

4,016 RSF ground floor + 1,123 RSF mezzanine. The 526 RSF Powder Room remains in the 5,665 RSF offering but is excluded from modeled rent.

Market rent · $/SF/month$0.00

Your assumed rent on the modeled 5,139 RSF. Not an asking rent.

Occupancy of 5,139 RSF0%

Share of the modeled St. Felix premises you assume is leased at your rent.

Months until rent starts0 mo

0 months = immediate rent commencement at acquisition.

Other / ancillary income · $/year$0

Added on top of in-place NOI. Your assumption.

Incremental operating expenses · $/year$0

Extra opex you assume above the in-place $69,311. Your assumption.

Loan to value55%
Interest rate6.50%
Amortisation
Closing costs1.50%
Capital budget$0

Optional buyer-funded work. Your assumption.

Year-one scenario
In-place NOI$524,436
+ Modeled St. Felix rent in year one$0
+ Other / ancillary income$0
− Incremental operating expenses$0
= Year-one scenario NOI$524,436

In-place NOI + year-one modeled St. Felix rent + other income − incremental opex = year-one NOI. Year-one rent = stabilized annual rent × remaining months after rent starts ÷ 12.

Stabilized scenario
In-place NOI$524,436
+ Modeled St. Felix rent, fully annualized$0
+ Other / ancillary income$0
− Incremental operating expenses$0
= Stabilized scenario NOI$524,436

In-place NOI + annualized modeled St. Felix rent + other income − incremental opex = stabilized NOI.

Illustrative scenario only. In-place income, expenses, and NOI are transcribed from the 2026 proforma and restated with the available premises at $0 current revenue; they are not an appraisal. In-place, year-one, and stabilized caps are calculated from the purchase price you enter. Year-one and stabilized NOI and cash-on-cash are buyer-controlled assumptions, not a forecast or representation of actual performance. Verify every figure independently. Tenant-level rent roll, leases, and supporting diligence remain behind Request Materials.

10Diligence

Confidential materials.

Qualified parties may request access to the offering memorandum, current rent roll, leases and supporting diligence materials.

  1. Request review

  2. Confidentiality agreement

  3. War room access

Request received.

The team will follow up, usually within one business day, with a confidentiality agreement.

Nicole Mihalka

Senior Vice President | Lic. 01322414

nicole.mihalka@cbre.com
(323) 788-3969

Cristian Goodson

Senior Associate | Lic. 01982883

cristian.goodson@cbre.com
(310) 569-2914

Will Rose

Associate | Lic. 02351503

will.rose@cbre.com
(562) 522-4771