Most people go to Grauman's to see the famous footprints in the forecourt, pointing, taking photos and sticking their appendages into the imprints to see how they measure up. Besides that, Grauman's is also a beautiful movie theater from the golden age and a fun place to see a first-run film.
Pros and Cons
You'd have to be rabidly anti-celebrity to resist the appeal of all those handprints, footprints, hair prints, paw prints and assorted other memos of stars current and past. There's no admission to go in and mill around, so most people will probably spend at least a few minutes checking it out.
On the negative side, the place gets annoyingly crowded at times and you'll be assailed by people hawking guided tours - and by the costumed characters on the sidewalk out front, all of them wanting you to take a photo with them (and give them a tip, of course).
More About Grauman's Chinese Theater
If you need more information, check the Complete Guide to Grauman's Chinese Theater. It will tell you about hours, how to get tickets, admission discounts, how to get there and the best time to go.
Take a photo tour of Grauman's Chinese Theater to see what it's like.
See where it is on a map. It's the yellow-colored balloon.