Second-Generation Restaurant
8950 Laurel Canyon, Los Angeles, CA 91352
For Sale
$4,900,000
Restaurant, bar, and event venue with indoor and outdoor seating plus an entertainment license.
Property Size8,515 SF
Lot Size0.86 Acres
Price / SF$575.46
Days on Market48
Property Features for 8950 Laurel Canyon
General Information
Standard status
Size
Lot size
Site & Location
Neighborhood
Pylon Signage
Traffic Count
Highway Access
Road Access
Restaurant
Patio
Liquor License
Additional Details
Land Use
Amenities
outdoor seating
pylon sign
Building Details
Year Built
Buildings
Listing Agency:
Acreage Real Estate
Listed By:
GURJEET BHATIA · License #01895064
(909) 210-1570
Source:
Myfabuloushome
Added: Sep 22
Changed: Oct 25
Last Checked: Oct 7 at 4:41PM
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
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Investment Insights
Based on property information with market context.
The property includes an approximately 8,515-square-foot second-generation restaurant configured for restaurant, bar, entertainment, and event-venue operations. Indoor and outdoor seating are provided, and an entertainment license is included; the liquor license is excluded from the sale. An adjoining lot is part of the offering, bringing the combined land area to approximately 37,282 square feet.
Located at 8950 Laurel Canyon in Los Angeles, the property occupies the signalized intersection of Laurel Canyon Boulevard and Sheldon Street. The site receives exposure to more than 41,000 vehicles per day and includes a pylon sign. Access to the I-5 Freeway connects the property with major transportation routes serving the greater Los Angeles region. Surrounding residential and commercial development adds to the established setting.
Located at 8950 Laurel Canyon in Los Angeles, the property occupies the signalized intersection of Laurel Canyon Boulevard and Sheldon Street. The site receives exposure to more than 41,000 vehicles per day and includes a pylon sign. Access to the I-5 Freeway connects the property with major transportation routes serving the greater Los Angeles region. Surrounding residential and commercial development adds to the established setting.
Key Highlights
- Approximately 8,515‑square‑foot second‑generation restaurant
- Combined land area of approximately 37,282 square feet across two adjoining lots
- Restaurant, bar, entertainment, and event‑venue configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$230,607
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$700,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Los Angeles, CA
Properties on Market for Conventional restaurants in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant, bar, and event venue with indoor and outdoor seating plus 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‑square‑foot second‑generation restaurant; Combined land area of approximately 37,282 square feet across two adjoining lots; Restaurant, bar, entertainment, and event‑venue configuration
