510-612-7111
8030 W 3rd St, Los Angeles, CA for Rent

$79.00 USD /SF/yr

Retail - For Rent
1/10
1,820 SF | 1 Space

8030 W 3rd St
Los Angeles, CA 90048
Hancock Park


HIGHLIGHTS

  • 39' of Glass Frontage
  • Fully Equipped - 2 Kitchens each with Type 1 Hood
  • On one of the hottest blocks of Iconic W. 3rd St.
  • Low Rent
  • Strong Dining Co-Tenancy

OVERVIEW

THIS IS AN ASSET SALE - KEY MONEY REQUIRED - DO NOT DISTURB EMPLOYEES - TOURS BY APPOINTMENT ONLY Imagine yourself running a thriving restaurant in one of LA's most coveted dining destinations. This established Beverly Grove gem is a "Brand Building" location that sits right in the heart of West 3rd Street, surrounded by iconic spots like Joan's on Third, Bacari, Oste, El Carmen, and Little Door - you'll be joining some of the city's most beloved culinary landmarks. What makes this opportunity special? You're getting a fully equipped 1,822 square foot space that's ready to go. Picture this: two complete kitchens with Type 1 hoods (15-foot main kitchen, 8-foot prep kitchen), a walk-in cooler, and seating for 65 guests inside plus a 222 square foot patio on W. 3rd St. The main kitchen was expertly remodeled just a couple years ago with new equipment, so you won't need to worry about major upgrades. You'll love the flexibility here. Whether you're dreaming of a fast-casual concept, cozy wine bar, or full-service restaurant, this layout can adapt to your vision. The dual kitchen setup means you can operate efficiently while keeping costs manageable. There's a Brochure attached with front and back of house pictures, video tour included. The location works in your favor every day. You're in a neighborhood packed with residents and business professionals who are always looking for great dining options. Hanging with the lunch crowd alone with Uncle Paulies, Sweetgreen, Takagi Coffee, Mood, Oste, Joans, Fiorelli Pizza, LaLa Land, Sticky Rice, Palms N Patties, and Robata Jinya provides steady revenue, and the evening scene is vibrant with nearby hotspots Bacari, Viva La Mamma, Little Door, Katsuya, Regalade Bistro, Oste, Melanie Wine Bar and Badabussa drawing dinner guests your way. Financially, you're getting a smart deal. The landlord is flexible - you can negotiate a new lease or take over the current modified gross lease with low expenses. Everything comes included: extensive equipment list, furniture, fixtures, and a Type 41 ABC license so you can serve beer and wine until 11pm. This isn't just a restaurant purchase - it's your chance to step into either an established business with loyal customers, prime real estate, and room to grow or expand your brand into a lucrative new trade area. The current concept has built a strong local following, but you have the freedom to make it your own. The Lease has 3 x 5 year Options, - 1st Option @ 95% FMV, - 2nd Option @ 90% FMV, - 3rd Op[tion @ 90% FMV, 3% annual increases after each of the initial adjustment years Ready to explore this opportunity? An NDA is required for detailed financials and additional information.

RENTAL DETAILS

SPACE AVAILABLE

1,820 SF

# OF SPACES

1

RENT/MONTH

$11,982 USD /mo

RENT RATE (MO)

$6.58 USD /SF/mo

RENT RATE (YR)

$79.00 USD /SF/yr

LEASE TYPE

Modified Gross

LEASE LENGTH

10 Years

AVAILABLE

-

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

1,820 SF

YEAR BUILT

1941

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2021 AC

LAND SF

8,803.476 SF

ZONING

LAC2

ASK ABOUT THIS PROPERTY

Linnard LaneHigh Touch GroupMore Info
510-612-7111

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Linnard LaneHigh Touch GroupMore Info
510-612-7111

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