Franklin in Hollywood

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 215 units in a 19-story building with 10,000 square feet of retail space. The project will also feature a rooftop terrace containing an outdoor pool and commercial restaurant/lounge, offering tenants and guests some of the most desirable views in all of Los Angeles. Additionally, the project will have a ground-level lobby, a courtyard and other common amenities.

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

Transaction Details

Property Address: 6400 Franklin Avenue, Los Angeles, CA 90028
Acquisition Date: 2020
Investment Type: Mixed-use Development
Asset Type: Luxury Multi-family and Retail

Size:

215 residential units, 10,000 SF rooftop restaurant/lounge