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.