Two-Level Restaurant and
For Sale
$2,750,000
141 N La Brea Ave, Los Angeles, CA 90036
Built-out hospitality property with a commercial kitchen, separate upper-level lounge, and direct access from La Brea Avenue.
Property Size5,200 SF
Price / SF$528.85
Days on Market136
Property Features for 141 N La Brea Ave
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Urban-High Street
Amenities
Built-Out Hospitality on La Brea: 5,200 SF two-story restaurant, bar, and lounge with kitchen, granite bar, upstairs speakeasy, and vacant delivery.
Irreplaceable 1928 Character: Spanish/Moorish Revival façade with arched colonnades, domed cupola, ornate plasterwork, and roll-up frontage.
Major Corridor Catalysts: Steps from District La Brea, Television City, LACMA's Geffen Galleries, and Metro D Line investment reshaping the corridor.
Building Details
Building Size
5,200 SF
Year Built
1928
Listed By:
Iman Mossanen · License #License(s): CA: 01978006
(310) 909-5422
Source:
Marcusmillichap
Added: Jun 1
Changed: Oct 8
Last Checked: Oct 12 at 4:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Iman Mossanen
Investment Insights
Based on property information with market context.
This 5,200-square-foot restaurant property occupies two levels in a 1928 building with Spanish/Moorish Revival architectural details. The ground floor includes a dining room, custom U-shaped granite bar, commercial kitchen, and service areas. Three operable roll-up bays open toward La Brea Avenue, while the upper floor provides a separately programmable lounge and speakeasy with its own bar and independent alley access.
The property is located at 141 N La Brea Avenue, just south of Beverly Boulevard, along a corridor described as having destination retail, dining, galleries, and cultural institutions. It is offered with 133 N La Brea Avenue, a nearby separately addressed ±4,190-square-foot parking and land parcel. The building is zoned C2-1VL and combines existing hospitality improvements with dedicated parking and land.
The property is located at 141 N La Brea Avenue, just south of Beverly Boulevard, along a corridor described as having destination retail, dining, galleries, and cultural institutions. It is offered with 133 N La Brea Avenue, a nearby separately addressed ±4,190-square-foot parking and land parcel. The building is zoned C2-1VL and combines existing hospitality improvements with dedicated parking and land.
Key Highlights
- 5,200 SF restaurant building arranged across two levels
- 1928 construction with Spanish/Moorish Revival architectural details
- Ground‑floor dining area, U‑shaped granite bar, commercial kitchen, and service areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,829
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,816,580
$2.8M
Cap Rate 7%
$2,011,843
$2.0M
Cap Rate 9%
$1,564,767
$1.6M
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$192.2K $36.96/SF
− Vacancy
−$4.4K −$0.85/SF
EGI
$187.8K $36.11/SF
− OpEx
−$46.9K −$9.03/SF
NOI
$140.8K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,816,580
Cap Rate 7%
$2,011,843
Cap Rate 9%
$1,564,767
Alternative Uses
Best Use
Specialty Retail
$2.01M
$1.76M – $2.35M
NOI $140,829 @ 7.0% cap · market cap 5.12%
Second Best
Industrial
$922.8K
$807.5K – $1.08M
NOI $64,597 @ 7.0% cap · market cap 2.35%
Theoretical Best
Multifamily LT 5
$105.35M
$92.18M – $122.91M
NOI $7,374,421 @ 7.0% cap · market cap 268.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,343
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90036, CA
39,549
Population
21,890
Households
1.8
Avg Household Size
36
Median Age
68%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
15,820
Density / Sq Mi
$102,877
Median Household Income
$66,385
Median Earnings
$2,730
Median Rent
$1,958,600
Median Home Value
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Market
Vacancy Rate% for Retail in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Built-out hospitality property with a commercial kitchen, separate upper-level lounge, and direct access from La Brea Avenue.
Where is this conventional restaurant located?
The property is located at 141 N La Brea Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 5,200 SF restaurant building arranged across two levels; 1928 construction with Spanish/Moorish Revival architectural details; Ground‑floor dining area, U‑shaped granite bar, commercial kitchen, and service areas
