8480-8482 W 3rd St - Storefront FOR SALE


Los Angeles, CA 90048- Hancock Park
$4,650,000 USD
818-742-1632
8480-8482 W 3rd St, Los Angeles, CA for Sale
$4,650,000 USD
Storefront - FOR SALE
1/9
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8480-8482 W 3rd St
Los Angeles, CA 90048
Hancock Park


HIGHLIGHTS

  • Type 47 Liquor License from 11 AM - 2 AM, daily
  • Fully approved outdoor patio dining with alcohol service
  • Turnkey restaurant with full kitchen, walk in fridge and large bar
  • Permitted for Live Entertainment

OVERVIEW

8480 W 3rd Street sits at the highly trafficked intersection of La Cienega and 3rd Street, surrounded by notable destinations including the Beverly Center, Beverly Connection, Pali Hotel, Carla Café, and La La Land Kind Café. The property features valuable restaurant entitlements—a full liquor license with service until 2 a.m., outdoor dining approval, and reduced parking requirements—making it a true turnkey opportunity for operators. Formerly home to The Phoenix, a celebrated neighborhood restaurant with a strong day-and-night customer base, the space carries a proven track record of success. With unbeatable visibility and connectivity in the heart of West Hollywood/Beverly Grove, the property is perfectly positioned for the next great dining concept.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$1,146 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C2

APN/PARCEL ID

5511-032-029

ASK ABOUT THIS PROPERTY

Jared SwedelsonNAI CapitalMore Info
818-742-1632

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Jared SwedelsonNAI CapitalMore Info
818-742-1632

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