Current Use by Public Records
- Wokshop by Xi'an / Restaurant
- 770 Fire & Smoke Damage Restoration Bel Air / General Contractor / Renovation Specialist
Property Details for 2958 Beverly Glen Cir
- Property type
- Restaurants
Description
This exceptional opportunity presents the chance to acquire a thriving Chinese restaurant nestled in the prestigious Bel Air neighborhood of Los Angeles County. The 1,200 square foot restaurant boasts a charming outdoor patio seating up to 20 guests, in addition to 10 interior seats, and benefits from a strong tenant mix within a bustling shopping center. This location is the only retail center in a high-end residential area, ensuring a steady stream of affluent customers. Average monthly gross sales are approximately $60,000, with low operating costs including approximately $7,200 in monthly rent and $1,800 in monthly NNN expenses. The restaurant features modern facilities including a 20-foot hood and two restrooms. A beer and wine license is in place. The sale includes fixtures, furniture, and equipment (as-is condition), but excludes the business name. This turnkey operation is situated in a high-income area with average and median household incomes exceeding $210,000 within a one-mile radius. Ample parking is available on-site and nearby. The asking price has been reduced to $95,000, representing a significant value proposition. A new, long-term lease is available for a qualified buyer. This is a rare opportunity to own a successful restaurant in one of Los Angeles' most desirable locations. Serious inquiries only.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.444
- Latitude
- 34.128
