Franklin & Cahuenga

Investment Overview

In February 2021, CGI+ entered into a Joint Venture Agreement with the owner of 1830 North Cahuenga and 6420 West Franklin to develop a new mixed-use building. The site is located on the southeast corner of Franklin & Cahuenga in the desirable neighborhood of Hollywood.

The mixed-use project is being entitled for approximately 214 units in a 19-story building with 18,500 SF of retail space. The project will feature a rooftop terrace with an outdoor pool and commercial restaurant/lounge, offering tenants and guests some of the most desirable views in all of Los Angeles. The project will have a ground-level lobby, courtyard and other common area amenities.

Located on Cahuenga Boulevard in Hollywood CA, the project offers immediate access to Sunset Boulevard in the heart of Hollywood and the desirable Hollywood Hills. Subject to the successful completion of entitlements, the project is scheduled to break ground in the beginning of 2023 with completion scheduled for mid-2025.

Transaction Details

Property Address: 6420 West Franklin Ave, Los Angeles, CA 90028
Acquisition Date: 2020
Investment Type: Mixed-use Development
Asset Type: Luxury Multi-family and Retail
Size: 214 residential units, 18,500 SF rooftop restaurant/lounge