1601 VINE
Class-A office in Los Angeles, California — sponsored by Kingsbarn Realty Capital
98% SKIMS Body Inc new 15-yr lease, 2% City National Bank; built 2016, LEED Gold; acq 4/1/25
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These links support the public record as a whole; individual details may come from different sources.
- Kingsbarn Realty Capital — KB Hollywood, DST property details ↗
- CommercialSearch ↗
- CoStar ↗
- U.S. Securities and Exchange Commission — Form D, KB Hollywood, DST ↗
- U.S. Securities and Exchange Commission — EDGAR submissions ↗
- Kingsbarn Realty Capital — Current DST Offerings ↗
- kingsbarn.com ↗
- kingsbarn.com ↗
- docs.kingsbarn.com ↗
What is this, in one paragraph?
KB Hollywood, DST is a Delaware statutory trust — a structure that lets 1031 exchangers hold fractional interests treated as real property for tax purposes — sponsored by Kingsbarn Realty Capital. It owns 1601 Vine, an eight-story Class-A office building on Hollywood's Walk of Fame, nearly all of it leased to SKIMS Body Inc.1 The Trust is raising now from accredited investors, those meeting SEC income or net-worth tests.
Minimum investment
$1.3M
Offering size
$126.5M
How much has sold
1.0%
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Kingsbarn's materials describe 1601 Vine as an eight-story Class-A office building at the corner of Vine Street and Selma Avenue in Hollywood, built in 2016 and LEED Gold certified.1 SKIMS completed $26 million of tenant improvements at the building, according to the same sponsor materials.1 CommercialSearch reported that Kingsbarn bought it for $105 million; Top1031's record dates the closing to April 1, 2025.2
- Property address
- 1601 Vine Street, Los Angeles, CA 90028, California
- Property size
- +/-115,589 SF
Who is the tenant, and what's the lease?
Sponsor materials report the building 98% leased to apparel brand SKIMS Body Inc. under a new 15-year lease, with City National Bank in the remaining 2%.1 Substantially all of the rent therefore rides on one private company. Commencement and expiration dates were not established in the records reviewed.
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
1.0% reported sold
- Amount sold
- $1,164,110
- Reported unsold
- $125,335,890
- Investors reported
- 2
- Total offering
- $126,500,000
Not enough filings yet to show a trend.
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How is it financed, and what does it pay?
The Trust holds the property subject to mortgage debt, which is serviced before anything reaches investors. No debt amount, lender, or loan terms were established in the public records reviewed; CoStar's April 2, 2025 sale coverage references financing without stating terms.3
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Who's behind it?
Kingsbarn buys buildings itself and then syndicates them to 1031 exchange investors through a multi-offering DST platform. It announced this offering on August 21, 2025. The Form D names KB Hollywood ST, LLC as the sponsor with Kingsbarn Realty Capital, LLC as its manager, KB Hollywood Holdings, LLC as manager of the trust and signatory trustee, and KB Hollywood MT, LLC as the master tenant — the affiliate that leases the building from the Trust so the Trust itself stays passive.4
- Sponsor
- Kingsbarn Realty Capital
- May convert to a REIT
- No
- Offerings from this sponsor
- 10 active / 31 total offerings from Kingsbarn Realty Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
A Form D is the brief notice a sponsor files with the SEC after its first sale of interests; this one carries an August 14, 2025 offering date, earlier than its EDGAR index date.4 Because the offering may be advertised publicly, the sponsor must verify that each subscriber is in fact accredited.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- KB Hollywood, DST
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
Is 1601 VINE still raising money?
Availability unconfirmed. Active means a filing within the past 15 months; it does not by itself establish current subscription availability.
Where does Top1031 get the data for 1601 VINE?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Who is the tenant, and how concentrated is the risk?
Kingsbarn's offering materials state that SKIMS Body Inc., the apparel brand, occupies 98% of 1601 Vine under a new 15-year lease, with City National Bank in the remaining 2%. Substantially all of the building's rent depends on one private company. The sponsor materials reviewed do not give the lease commencement or expiration dates, so no term window is stated here. Tenant credit, renewal and termination provisions, and default remedies are disclosed in the PPM — the private placement memorandum — which you obtain from the sponsor or a participating broker-dealer.
What did Kingsbarn pay for the building, and when?
CommercialSearch reported on April 3, 2025 that Kingsbarn Realty Capital acquired 1601 Vine for $105 million; the Los Angeles Business Journal and CoStar covered the same sale that month. Top1031's record dates the closing to April 1, 2025. The price comes from transaction reporting rather than a filed public record. The building was then placed into KB Hollywood, DST, and Kingsbarn announced the DST offering on August 21, 2025.
What debt is on the property?
The Trust is leveraged, meaning the property is held subject to mortgage debt that is paid before investors. As of the records reviewed on September 6, 2026, no loan amount, lender, interest rate, maturity, or loan-to-value ratio was established in sponsor materials or the SEC filing; the Form D does not disclose property-level debt terms. Ask the sponsor or your broker-dealer for the loan summary in the PPM, including when the debt matures relative to the expected hold.
What do the sponsor and the selling brokers get paid?
The Form D states that the sponsor or its affiliate will receive a $10,500,000 financing and acquisition fee plus reimbursement of $815,000 in offering expenses, and that brokers may receive commissions of up to 4% of the cash portion of the interests. Those are the items named in the filing; the full fee table, including any ongoing asset management and disposition fees, appears in the PPM.
Can this Trust convert into a REIT through a 721 exchange?
No 721/UPREIT exit — a contribution of the property to a REIT's operating partnership in exchange for partnership units — is indicated for this Trust in the records on file. If that exit path matters to you, any such option would appear in the PPM's disposition and exit-strategy sections, and it is worth asking the sponsor directly before you identify the Trust.
Is the offering still open?
Based on the records reviewed as of September 6, 2026, yes. The Form D filed September 25, 2025 is the only submission located for the Trust, with no later filing or amendment, and Kingsbarn's current-offerings page lists KB Hollywood, DST as an available 1031-exchange-eligible DST for the Hollywood office property. Because filings lag and sponsor pages are often undated, confirm availability with the sponsor or your broker-dealer before naming the Trust in a 45-day identification.
Chapter 9Kingsbarn Announces DST Offering of Trophy Office Property on Hollywood's Walk of FameSponsor press release announcing the formal launch of the KB Hollywood, DST Delaware Statutory Trust offering of 1601 Vine Street, leased to SKIMS Body, Inc., available to investors for 1031 exchange. How Kingsbarn revived $105M Skims Hollywood HQ dealThe Real Deal article (syndicated via Yahoo Finance) recounting how Kingsbarn ultimately closed the $105M acquisition of 1601 Vine Street (SKIMS HQ) in Hollywood after SVB/Signature Bank financing turmoil in 2023. Skims Office Sells for $105 MillionLA Business Journal local-news coverage of the $105M sale of the Skims-occupied office building at 1601 Vine Street in Hollywood to Kingsbarn Realty Capital. Investor snaps up Skims headquarters in one of LA's priciest office sales in yearsCoStar trade-press article covering Kingsbarn Realty Capital's acquisition of 1601 Vine Street (Skims HQ) on the Hollywood Walk of Fame. Kingsbarn Acquires 8-Story Trophy Office Property Along Hollywood's Walk of FameSponsor press release announcing Kingsbarn's April 2025 acquisition of 1601 Vine Street in Hollywood — the Class-A office tower backing KB Hollywood, DST, ~98% leased to SKIMS Body Inc.