Two-Level Restaurant and
For Sale
Contact for pricing
141 N La Brea Avenue, 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 Market94
Property Features for 141 N La Brea Avenue
General Information
Standard status
Active
Size
5,200 SF
Class
B
Total Parking Spaces
12
Property subtype
Retail
Zoning
C2-1VL
Investment Type
Value Add
Building Details
Year Built
1928
Stories
2
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Iman Mossanen · License #CA 01978006
Source:
Crexi
Added: May 29
Changed: Aug 30
Last Checked: Aug 30 at 11:28AM
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 Marcus & Millichap - Los Angeles
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$140,829
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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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 Avenue 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
