Restaurant and Event
For Sale
$4,900,000
8950 Laurel Canyon, Los Angeles, CA 91352
Commercial Sale, Los Angeles, CA
Property Size8,515 SF
Lot Size0.86 Acres
Price / SF$575.46
Days on Market82
Property Features for 8950 Laurel Canyon
General Information
Property type
Commercial Sale
Property subtype
Retail
Directions
Located at the corner of Laurel Canyon Boulevard and Sheldon Street
Subdivision
WLA - West Los Angeles
Standard status
Active
APN
2629019016
Lot size
0.86 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Building Details
Year built
1979
Listing Agency:
Acreage Real Estate
(909) 606-1505
Listed By:
GURJEET BHATIA · License #01895064
(909) 210-1570
Added: Aug 13
Changed: Nov 2
Last Checked: Nov 2 at 6:06PM
MLS# IV26182772
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 8,515-square-foot restaurant was built in 1979 and is configured for dining, bar service, entertainment, and events. Indoor and outdoor seating are available, and an entertainment license is part of the sale; the liquor license is excluded. An adjoining lot is included, bringing the combined land area to approximately 37,282 square feet.
The property sits at Laurel Canyon Boulevard and Sheldon Street, at a signalized intersection with a pylon sign. The intersection carries more than 41,000 vehicles per day, and the site is near the I-5 Freeway.
The property sits at Laurel Canyon Boulevard and Sheldon Street, at a signalized intersection with a pylon sign. The intersection carries more than 41,000 vehicles per day, and the site is near the I-5 Freeway.
Key Highlights
- 8,515‑square‑foot restaurant building constructed in 1979
- Restaurant, bar, entertainment, and event use with indoor and outdoor seating
- Entertainment license included; liquor license excluded
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
Turnkey business
Opportunity
Yes
Highway 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
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Indoor and outdoor seating support restaurant, bar, entertainment, and event operations.
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: 8,515‑square‑foot restaurant building constructed in 1979; Restaurant, bar, entertainment, and event use with indoor and outdoor seating; Entertainment license included; liquor license excluded
