turn key restaurant/bar opportunity in hollywood · hollywood blvd annually •across the street...
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Turn Key Restaurant/Bar Opportunity in Hollywood
Description
Address: 1624 N Cahuenga BlvdLos Angeles, CA 90028
Size of Premises: Approx. 2,900 SF + patio
Asking Price: $425,000
*Current occupant is in the process of renewing theexisting Conditional Use Permit for on siteconsumption of full line of alcoholic beverages.
Interior reminiscent of an old westernsaloon with a modern twist. Details suchas wood and brick walls coupled withthe fireplace present a cozy and invitingfeel to the space
Sale includes ABC Type 47 LiquorLicense until 2am, 7 days a week
Fully equipped kitchen
Available upon close of escrow
Current rent: approx. $10,100/monthplus NNN
Lease expires December 2021 plusone (1) five (5) year option
Investment Highlights
Property Overview
Property Photos
•Located on one of Hollywood’smain thoroughfares
•Over 10 million tourists visitHollywood Blvd annually
•Across the street from the newDream Hotel that includes highpowered nightlife establishmentsincluding Tao Los Angeles, Beauty& Essex and Avenue Nightclub
•Total number of hotel rooms by2020: 4,940 up from 3,825 in2015
•Notable nearby establishmentsinclude Katsuya, Cleo, Delphine,The Roosevelt Hotel, The W Hotel,and The Redbury Hotel
•Total population within:1mi. 3mi. 5mi. 59,594 314,513 933,828
Location & Demographics
Floor Plans
The informa,on contained herein was obtained from third par,es, and the real estate brokers have not independently verified it. Tenants should choose an expert of their choice to inspect the property and verify all informa,on. Real estate brokers are not qualified to act as or select experts with respect to
legal, tax, environment, building construc,on, soils‐ drainage or other such ma@ers.
Contact Information
Elan Kermani | Vice President659 N Robertson BlvdWest Hollywood, CA 90069
Phone: 310.749.0140Email: [email protected]#: 01441510
Kyle Jones | Associate659 N Robertson BlvdWest Hollywood, CA 90069
Phone: 323.510.7334Email: [email protected]#: 01993148