141-143 N La Brea Ave - Restaurant FOR SALE


Los Angeles, CA 90036- Beverly Grove
$2,750,000 USD
424-369-7731
141-143 N La Brea Ave, Los Angeles, CA for Sale
$2,750,000 USD
Restaurant - FOR SALE
1/31
null | Request Cap Rate

141-143 N La Brea Ave
Los Angeles, CA 90036
Beverly Grove


HIGHLIGHTS

  • Turnkey Hospitality Asset: ±5,200 SF built-out restaurant, bar, lounge, kitchen, and back-of-house.
  • Dual Revenue Potential: Ground-floor dining plus upstairs lounge/speakeasy with separate bar and alley access.
  • Irreplaceable 1928 Character: Spanish/Moorish Revival façade with cupola, arches, plasterwork, and roll-up doors.
  • Rare Parking Support: Offered with nearby ±4,190 SF companion parking/land parcel at 133 N La Brea.
  • Prime La Brea Location: Walk Score 92 corridor near LACMA, The Grove, Sycamore District, and Metro D Line.

OVERVIEW

141 N La Brea Avenue is a ±5,200 SF, two-story restaurant, bar, and lounge property located on the west side of La Brea Avenue, between Beverly Boulevard and 3rd Street. Built in 1928 in the Spanish/Moorish Revival style, the building features one of the corridor’s most recognizable façades, with a domed cupola, arched upper colonnade, oculus window, ornate plasterwork, and three street-level bays with operable roll-up doors. Delivered vacant at close, the property is fully improved as a hospitality asset. The ground floor includes a custom U-shaped granite bar with seating for over twenty, a full commercial kitchen, banquette dining, and rear-of-house support. The upper level is configured as a separately programmable lounge and speakeasy with a dedicated second bar, accessible by interior stairwell or separate rear alley entrance, allowing a future operator to activate multiple concepts within one building. The property is positioned along one of Central Los Angeles’ most active dining, design, retail, and cultural corridors, near Hancock Park, Fairfax, Miracle Mile, LACMA, The Grove, the Sycamore Creative District, and the Metro D Line extension at Wilshire/La Brea. Zoned C2-1VL with a Walk Score of 92, the asset is well suited for an owner-user, hospitality operator, or investor seeking a distinctive character building in a high-visibility location. 141 N La Brea Avenue is offered in conjunction with 133 N La Brea Avenue, a separately addressed ±4,190 SF parking and land parcel located two parcels south. While the parcels are not contiguous, they are being marketed together as a portfolio, creating a rare offering that pairs a built-out hospitality building with nearby dedicated parking and land support on a corridor where parking is limited.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$529 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C2-1VL

APN/PARCEL ID

5513-002-009

ASK ABOUT THIS PROPERTY

Iman MossanenMarcus & MillichapMore Info
424-369-7731

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Iman MossanenMarcus & MillichapMore Info
424-369-7731

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.