11831 Wilshire BlvdLos Angeles, CA 90025
- Retail properties
- 6,854 SF
Property Details for 11831 Wilshire Blvd
- Year built
- 1937
- Construction
- WOOD
- Lot size
- 0.34 AC
- Property size (Sq ft)
- 6,854 SF
- Zone code
- LAC4
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 4265-013-038
- APU
- 4265013038
Description
This exceptional restaurant opportunity is located at 11831 Wilshire Blvd, Los Angeles, CA 90025. The property is a retail space encompassing 1 square foot and boasts a highly desirable ABC 47 liquor license with extended hours until 2:00 AM. Its prime location on a busy street in West Los Angeles ensures high visibility and consistent foot traffic. The business benefits from a strong weekday clientele drawn from nearby office towers and a vibrant evening crowd from the surrounding residential area. This presents a unique chance to acquire an established business with a proven track record in a lucrative market. The property's strategic positioning capitalizes on both daytime and nighttime traffic, offering a consistent revenue stream. The included liquor license is a significant asset, enhancing the profitability and appeal of this exceptional investment. This is an ideal opportunity for an experienced restaurateur looking to establish or expand their presence in a high-demand location. The property's size, while compact, is perfectly suited to its current use and the existing clientele. The location's proximity to office buildings and residential areas ensures a diverse and consistent customer base. This turnkey operation is ready for a new owner to continue its success.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,621,660
- 6.5%
- $2,419,994
- 7%
- $2,247,137
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,273,632
- Geo Method
- $3,284,459
-
Alternative Use
- Use
- Valuation
- Residential
- $2,041,355
- Hospitality
- $1,869,870
- Educational
- $1,555,710
- Medical
- $1,609,213
- Retail
- $2,419,994
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0478
- Longitude
- -118.464
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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