Skip to main content

Movie Theater

Highland Theatre

5600 N Figueroa St, Los Angeles, CA 90042

Listing Price: Request For Offer

Tenant Name
n/a
Years Remaining On Lease
0.5
Gross SF
21,611
Guarantor
Personal Guarantee
Rentable SF
21,611
Lease Type
Absolute Net

Investment Overview

Marcus and Millichap is pleased to present for sale the iconic Highland Theatre, a generational opportunity to acquire an iconic piece of history in the ever improving and transforming market of Highland Park (Los Angeles), California. Highland Theatre, now approximately 97 years old was adopted as a historic monument of Los Angeles in 1991. The theatre was built in 1924 and designed by famed architect Lewis A. Smith who also did the Rialto (South Pasadena), the Beverly (Beverly Hills) and the Vista Theatre among many others throughout the West coast. Originally a 1,432 seat single screen theatre the property has undergone several transformations internally from a single stage play theatre to a single screen movie theatre and now a currently operating movie theatre with three screens on the ground floor level which were added in 1983 by the current movie theatre operator. Included with the movie theatre tenant the property features four retail units on the ground floor facing Figueroa Street as well as four apartment units on the second floor. There is one vacancy out of the four retail units and the apartment units have been un-used for decades. On the 3rd floor there remains the historic theatre style seating and remnants of the original play stage from the 1920’s which has been unused since 1983 when the single movie theatre screen was triplexed to what it is today. Highland Theatre presents select investors the once in a lifetime opportunity to acquire a unique and iconic asset that could be curated and re-imagined to once again serve Angelinos in an award-winning fashion. Currently there is an absolute NNN master lease on the entire premises with no options to extend which expires February 2023. Public title shows the properties building at 21,611 square feet of building situated upon 15,100 square feet of land. Buyer’s to verify square footage via Buyer’s due diligence. Contact listings agents for details on Buyer qualification process, property touring and submittal deadline on call for offers.

Investment Highlights

  • Iconic & Historic Highland Theatre – Generational Investment Opportunity, First Time on the Market For Sale in Over 97 Years
  • Located in the Highly Coveted Highland Park Neighborhood Known for Diverse Culture, Arts Scene, and Wide Range of Attractions from Nightlife to Museums, Parkland, and More
  • Extremely Dense Demographics with Over 750,000 people in a Five-Mile Radius with an Average Household Income of$103,128
  • Potential for Transformation into an Array of Different Uses (Retail, Office, Sound Stage, Studio, Residential and More)
  • Highland Theatre is Located on North Figueroa Avenue Which Receives Over 21,000 Cars Per Day Leading Right Into DTLA
  • Adaptive Re-Use Opportunity, Value-Add Potential with Extensive Upside

Exclusively Listed By

Financing By

Movie Theater

Highland Theatre

Listing Price: Request For Offer

Tenant Name
n/a
Years Remaining On Lease
0.5
Gross SF
21,611
Guarantor
Personal Guarantee
Rentable SF
21,611
Lease Type
Absolute Net

Investment Highlights

  • Iconic & Historic Highland Theatre – Generational Investment Opportunity, First Time on the Market For Sale in Over 97 Years
  • Located in the Highly Coveted Highland Park Neighborhood Known for Diverse Culture, Arts Scene, and Wide Range of Attractions from Nightlife to Museums, Parkland, and More
  • Extremely Dense Demographics with Over 750,000 people in a Five-Mile Radius with an Average Household Income of$103,128
  • Potential for Transformation into an Array of Different Uses (Retail, Office, Sound Stage, Studio, Residential and More)
  • Highland Theatre is Located on North Figueroa Avenue Which Receives Over 21,000 Cars Per Day Leading Right Into DTLA
  • Adaptive Re-Use Opportunity, Value-Add Potential with Extensive Upside

Investment Overview

Marcus and Millichap is pleased to present for sale the iconic Highland Theatre, a generational opportunity to acquire an iconic piece of history in the ever improving and transforming market of Highland Park (Los Angeles), California. Highland Theatre, now approximately 97 years old was adopted as a historic monument of Los Angeles in 1991. The theatre was built in 1924 and designed by famed architect Lewis A. Smith who also did the Rialto (South Pasadena), the Beverly (Beverly Hills) and the Vista Theatre among many others throughout the West coast. Originally a 1,432 seat single screen theatre the property has undergone several transformations internally from a single stage play theatre to a single screen movie theatre and now a currently operating movie theatre with three screens on the ground floor level which were added in 1983 by the current movie theatre operator. Included with the movie theatre tenant the property features four retail units on the ground floor facing Figueroa Street as well as four apartment units on the second floor. There is one vacancy out of the four retail units and the apartment units have been un-used for decades. On the 3rd floor there remains the historic theatre style seating and remnants of the original play stage from the 1920’s which has been unused since 1983 when the single movie theatre screen was triplexed to what it is today. Highland Theatre presents select investors the once in a lifetime opportunity to acquire a unique and iconic asset that could be curated and re-imagined to once again serve Angelinos in an award-winning fashion. Currently there is an absolute NNN master lease on the entire premises with no options to extend which expires February 2023. Public title shows the properties building at 21,611 square feet of building situated upon 15,100 square feet of land. Buyer’s to verify square footage via Buyer’s due diligence. Contact listings agents for details on Buyer qualification process, property touring and submittal deadline on call for offers.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower