[4] It's the northernmost of the collection of historical movie palaces in the Broadway Theater District and stands directly across from the landmark Bradbury Building.

Sculptor Joseph Mora did the elaborate and surprising exterior Spanish Colonial Revival ornament, including bursts of lavish Churrigueresque decoration, statues, longhorn skulls, and other odd features.

Gonzalo L. Checa, president of the Spanish division of the Metropolitan Theater Corporation, was responsible for the upsurge of attendance at the Million Dollar in the 1970s and 1980s due to his great expertise and keen insight of the entertainment needs of the Hispanic community.

During this period, the long lines of people waiting to attend the Million Dollar would wrap around the block and cause the Los Angeles Police Department to close down Broadway to traffic.

Checa became a low-profile power broker and behind-the-scenes player, who helped launch the U.S. invasion of stars like Vicente Fernández, José José, Nelson Ned, Juan Gabriel, Julio Alemán, Evita Muñoz ("Chachita"), María Elena Velasco ("La India Maria"), Enrique Cuenca Marquez and Eduardo Manzano ("Los Polivoces"), Raúl Ramírez, Jorge Rivero, Rodolfo de Anda, Eulalio Gonzalez ("El Piporo"), Joan Sebastian, Antonio Aguilar and his wife Flor Silvestre, Gaspar Henaine ("Capulina"), and the famous silver masked wrestler Rodolfo Guzmán Huerta ("El Santo").

[11] After serving as the home of a Spanish-language church for some years, as of 2006, the Million Dollar Theatre was empty, although the office building had been recently renovated and converted to residential space.

[12] In 2017, the building was sold to Langdon Street Capital, and the theater and retail space were briefly leased to fashion startup CoBird.