7321 Santa Monica Blvd West Hollywood, CA 90046-6615
- Retail space
- 7,522 SF
- 0.25 lot acres
Current Use by Public Records
- Retail space
Property Details for 7321 Santa Monica Blvd
- Year built
- 1958
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.25 lot acres
- Property size
- 7,522 SF
- Zone code
- WDC2A*
- Property type
- Retail space
- APN
- 5531-004-049
- APU
- 5531004049
Description
This exceptional West Hollywood restaurant and bar presents a lucrative investment opportunity. Located at 7321 Santa Monica Blvd, in the vibrant West Hollywood submarket of Los Angeles County, California, this single-tenant property boasts 3,200 square feet, inclusive of a permitted al-fresco patio (patio area not included in the 3,200 sq ft). The building itself totals 7,522 square feet and was constructed in 1958. The property features a Type-47 liquor license, allowing for live entertainment and dancing, with permitted hours of operation until 2:00 AM, seven days a week. A new five-year lease is in place, with two additional five-year options available. The asking price for the business assets is $700,000, and the approximate modified gross lease rate is $12,000 per month. This one-story building presents a unique chance to acquire a well-established and profitable entertainment venue in a high-demand location. The property is situated in the 90046 zip code.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Hollywood
- County
- Los Angeles
- State
- California
- Longitude
- -118.35
- Latitude
- 34.091
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
