133 & 141 N La Brea Avenue Portfolio FOR SALE


Los Angeles, CA - Beverly Grove
$4,000,000 USD
424-317-9149
, Los Angeles, CA for Sale
$4,000,000 USD
FOR SALE
1/12
null | Request Cap Rate

133 & 141 N La Brea Avenue Portfolio
Los Angeles, CA
Beverly Grove


HIGHLIGHTS

  • Complete La Brea Offering: ±5,200 SF restaurant/bar/lounge with nearby 4,190 SF parking parcel.
  • Turnkey Hospitality Asset: 1928 Spanish/Moorish Revival building with kitchen, bars, lounge, and alley access.
  • Rare Parking Control: approximately 12 stalls in one of LA’s most parking-constrained corridors.
  • Income + Optionality: billboard income, operating parking lot, C2 zoning, and build-ready land.
  • Premier Corridor Location: Walk Score 92 near LACMA, Fairfax, Miracle Mile, and the Metro D Line.

OVERVIEW

The La Brea Corridor Collection is a rare two-asset portfolio on the west side of La Brea Avenue, between Beverly Boulevard and 3rd Street, pairing a turnkey hospitality building with a dedicated parking-and-land parcel on one of central Los Angeles’s most active dining, design, and cultural corridors. The properties are separately addressed and separately listed, but marketed together as a portfolio, giving a buyer the uncommon ability to control both a destination restaurant/bar asset and its nearby parking solution in a corridor where parking is one of the scarcest commodities. 141 N La Brea Avenue is a ±5,200 SF, two-story restaurant, bar, and lounge built in 1928 in the Spanish/Moorish Revival vernacular. The building features a domed cupola, arched upper colonnade, oculus window, ornate plasterwork, and three street-level roll-up bays that open directly onto La Brea Avenue. Inside, the property is fully improved with a custom U-shaped granite bar, full commercial kitchen, dining area, and rear-of-house infrastructure on the ground floor, with a separately programmable upstairs lounge/speakeasy, dedicated second bar, and independent alley access. Delivered vacant at close, the asset is well positioned for an owner-operator, hospitality group, or investor seeking a highly visible, character-rich food and beverage opportunity. 133 N La Brea Avenue, located two parcels south, is a level, rectangular ±4,190 SF land parcel currently improved as an approximately 12-stall surface parking lot with an existing Clear Channel billboard. Zoned C2-1VL with no structures to demolish, the parcel offers immediate utility and long-term optionality: operate it for parking and billboard income, dedicate it as patron parking for 141 N La Brea, or redevelop in the future. Together, the portfolio creates a rare La Brea offering: hospitality infrastructure, parking control, in-place income, and land optionality in one of Los Angeles’s most supply-constrained commercial corridors. The location is further strengthened by a wave of major nearby investment, including CIM’s District La Brea acquisition, the $1.25 billion Television City redevelopment, LACMA’s David Geffen Galleries, and the Metro D Line station at Wilshire/La Brea. With a Walk Score of 92 and immediate proximity to Hancock Park, Fairfax, the Sycamore Creative District, Miracle Mile, The Grove, and the Original Farmers Market, the portfolio sits at the center of one of Los Angeles’s most dynamic lifestyle and cultural nodes.

ASK ABOUT THIS PROPERTY

Iman MossanenMarcus & MillichapMore Info
424-317-9149

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

Iman MossanenMarcus & MillichapMore Info
424-317-9149

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