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Property profile & analytics
FOR LEASE
Turn key restaurants

8016 W 3Rd St Los Angeles, CA 90048

2,701 SF 0.1 ac lot Built 1946
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-7304976
Property summary
AI-generated overview

This exceptional retail or restaurant space, located at 8016 West Third Street in Los Angeles, California, presents a unique investment opportunity. The property, built in 1946 and extensively renovated in 2018, offers a total of 4,325 square feet across two suites. Currently, 2,400 square feet are available for lease, divisible into spaces ranging from 475 to 1,925 contiguous square feet, making it ideal for a variety of businesses. The property boasts a highly desirable location on West 3rd Street, between La Cienega and Fairfax, placing it within a vibrant and bustling commercial district. The building offers shared parking with four spaces located in the rear. This is a chance to establish a presence in one of Los Angeles' most sought-after retail corridors. The property's recent renovation ensures modern amenities and a move-in ready condition. The flexible space allows for customization to suit individual business needs. With its prime location and adaptable layout, this property is perfectly positioned for success. The zip code is 90048, and the property is situated in Los Angeles County.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1946
Construction WOOD
Total area 2,701 SF
Lot 0.1 ac (4,402 SF)
Zoning code LAC2
APN 5511-028-027
UPID US09-7304976
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • All Day Kitchens Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
8016 West Third LLC · 9 yrs held
8016 West Third LLC
since 2016
6 recorded transactions
2018
Price N/A
2016
Price N/A
2016
$2.8M
2015
Price N/A
2011
Price N/A
1969
Price N/A
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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