3361 W 8th St - Restaurant FOR SALE


Los Angeles, CA 90005- Koreatown
$5,400,000 USD
818-956-7001
3361 W 8th St, Los Angeles, CA for Sale
$5,400,000 USD
Restaurant - FOR SALE
1/12
null | Request Cap Rate

3361 W 8th St
Los Angeles, CA 90005
Koreatown


HIGHLIGHTS

  • Existing restaurant improvements
  • Commercial kitchen and bar infrastructure
  • Functional dining layout
  • Street frontage and visibility
  • Access to surrounding residential and commercial demand drivers
  • Redevelopment / Repositioning Potential

OVERVIEW

3361 W. 8th Street presents a unique opportunity to acquire a prime Los Angeles commercial property currently operated as an established restaurant. Also, available with the fee simple purchase of the real estate is the opportunity to acquire Taylor's Steakhouse, an established restaurant business with decades of successful operating history and strong brand recognition. The property's C2-1 and R4-2 zoning provides exceptional flexibility for a variety of investment strategies, including continued commercial use, future residential or mixed-use development, or a combination of both, subject to applicable approvals. Investors may acquire and operate the existing restaurant, use the existing facility's infrastructure to operate a new restaurant concept, lease the improvements to another operator, or capitalize on the property's long-term development potential. The combination of valuable underlying real estate, flexible zoning, and an established operating business creates a unique investment opportunity offering immediate cash flow, long-term appreciation potential, and multiple avenues for future value creation. The FF&E inventory and detailed financial information are available to qualified buyers upon execution of a signed Non-Disclosure Agreement (NDA).

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$1,163 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,844 SF

ZONING

LA R4

APN/PARCEL ID

5093-025-025

ASK ABOUT THIS PROPERTY

Kris HonsStevenson Real Estate ServicesMore Info
818-956-7001

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Kris HonsStevenson Real Estate ServicesMore Info
818-956-7001

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