Restaurant Opportunity in Prime
For Sale
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8480 West 3rd Street, Los Angeles, CA 90048
Turnkey restaurant with entitlements in West Hollywood/Beverly Grove.
Property Size4,056 SF
Price / SF$983.73
Days on Market94
Property Features for 8480 West 3rd Street
General Information
Standard status
Active
Size
4,056 SF
Property subtype
Retail
Zoning
C2
Building Details
Year Built
1973
Listing Agency:
NAI Capital HQ
(818) 742-1632
Listed By:
Jared Swedelson · License #CA 02105146
Source:
Crexi
Added: May 12
Changed: Aug 8
Last Checked: Aug 12 at 3:30PM
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 NAI Capital HQ
Investment Insights
Based on property information with market context.
Located at the intersection of La Cienega and 3rd Street, 8480 W 3rd Street is surrounded by destinations such as the Beverly Center, Beverly Connection, Pali Hotel, Carla Café, and La La Land Kind Café. The property features restaurant entitlements, including a full liquor license with service until 2 a.m., outdoor dining approval, and reduced parking requirements. Formerly home to The Phoenix, a neighborhood restaurant with a customer base, the 4,056 square-foot space has a track record of success. The property is positioned for a dining concept in West Hollywood/Beverly Grove.
Key Highlights
- Prime location at the intersection of La Cienega and 3rd Street in West Hollywood/Beverly Grove, offering high visibility and traffic.
- Includes a full liquor license with service until 2 a.m.
- Approved for outdoor dining.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11,393
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90048, CA
22,604
Population
13,733
Households
1.6
Avg Household Size
39
Median Age
69%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
11,897
Density / Sq Mi
$104,227
Median Household Income
$83,951
Median Earnings
$2,359
Median Rent
$1,847,500
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 - Turnkey restaurant with entitlements in West Hollywood/Beverly Grove.
Where is this conventional restaurant located?
The property is located at 8480 West 3rd Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: Prime location at the intersection of La Cienega and 3rd Street in West Hollywood/Beverly Grove, offering high visibility and traffic.; Includes a full liquor license with service until 2 a.m.; Approved for outdoor dining.
