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El Capitan up for sale

Movie palace carries $31 million price tag

The El Capitan Theatre, a classic Hollywood movie palace restored by Disney as a showcase for its kids movies, is for sale for $31 million.

Disney will remain a long-term tenant in the theater built for live drama in 1926 that has gone through several restorations, most recently in 1991.

The current owner is the CUNA Mutual Group, a Wisconsin-based financial services company that came into the building when the previous owner walked away after the 1994 Northridge Earthquake.

The $31 million also gets the buyer the six-story office building above the theater, where “Jimmy Kimmel Live” has its studio and offices.

The location across from Grauman’s Chinese Theatre is a designated national landmark and hosted the “Citizen Kane” world premiere in 1941.

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