Restaurant and Event
For Sale
$4,900,000
8950 Laurel Canyon, Los Angeles, CA 91352
Existing restaurant improvements offer indoor and outdoor seating with an entertainment license.
Property Size8,515 SF
Lot Size0.86 Acres
Price / SF$575.46
Days on Market21
Property Features for 8950 Laurel Canyon
General Information
Standard status
Active
Size
8,515 SF
Lot size
0.86 Acres
Property subtype
Retail
Site & Location
Pylon Signage
Yes
Traffic Count
41,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Restaurant
Patio
Yes
Liquor License
No
Additional Details
Land Use
restaurant, bar, entertainment venue, event venue
Amenities
entertainment license
Corner Lot.
Paved. Corner, Paved Road.
Building Details
Year Built
1979
Buildings
1
Listing Agency:
(909) 606-1505
Listed By:
Acreage Real Estate
Source:
Xome
Added: Aug 10
Changed: Aug 29
Last Checked: Aug 29 at 10:34PM
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 Acreage Real Estate
Investment Insights
Based on property information with market context.
The property includes an approximately 8,515-square-foot restaurant building constructed in 1979, configured for restaurant, bar, entertainment, and event uses. Indoor and outdoor seating are provided, and an entertainment license is included; the liquor license is excluded from the sale.
An adjoining lot is included, bringing the combined land area to approximately 37,282 square feet. The site occupies the signalized corner of Laurel Canyon Blvd. and Sheldon St. in Los Angeles, with a pylon sign and reported traffic of more than 41,000 vehicles per day. I-5 provides access to major transportation routes serving the greater Los Angeles region, with established residential and commercial development surrounding the property.
An adjoining lot is included, bringing the combined land area to approximately 37,282 square feet. The site occupies the signalized corner of Laurel Canyon Blvd. and Sheldon St. in Los Angeles, with a pylon sign and reported traffic of more than 41,000 vehicles per day. I-5 provides access to major transportation routes serving the greater Los Angeles region, with established residential and commercial development surrounding the property.
Key Highlights
- Approximately 8,515 SF restaurant building constructed in 1979
- Restaurant, bar, entertainment, and event venue configuration
- Indoor and outdoor seating with entertainment license included
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
$230,607
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
4.71%
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%
$4,612,140
$4.6M
Cap Rate 7%
$3,294,386
$3.3M
Cap Rate 9%
$2,562,300
$2.6M
Market Conditions
NOI Build-Up for 8,515 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
$314.7K $36.96/SF
− Vacancy
−$7.2K −$0.85/SF
EGI
$307.5K $36.11/SF
− OpEx
−$76.9K −$9.03/SF
NOI
$230.6K $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%
$4,612,140
Cap Rate 7%
$3,294,386
Cap Rate 9%
$2,562,300
Alternative Uses
Best Use
Specialty Retail
$3.29M
$2.88M – $3.84M
NOI $230,607 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$172.51M
$150.95M – $201.26M
NOI $12,075,615 @ 7.0% cap · market cap 246.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
41,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91352, CA
47,274
Population
13,119
Households
3.6
Avg Household Size
37
Median Age
18%
College-Educated
67%
High-School Grad
11.6 sq mi
ZIP Area
4,075
Density / Sq Mi
$74,621
Median Household Income
$35,570
Median Earnings
$1,761
Median Rent
$700,100
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 - Existing restaurant improvements offer indoor and outdoor seating with an entertainment license.
Where is this conventional restaurant located?
The property is located at 8950 Laurel Canyon Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Approximately 8,515 SF restaurant building constructed in 1979; Restaurant, bar, entertainment, and event venue configuration; Indoor and outdoor seating with entertainment license included
