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Investment Highlights
- Turnkey Hospitality Asset: 141 N La Brea Avenue offers a ±5,200 SF built-out restaurant, bar, lounge, kitchen, and back-of-house.
- Irreplaceable 1928 Character: Be enchanted by Spanish/Moorish Revival façade with cupola, arches, plasterwork, and roll-up doors.
- Prime La Brea Location: A Walk Score of 92 and a heavy commercial corridor near LACMA, The Grove, Sycamore District, and Metro D Line.
- Dual Revenue Potential: Expansive ground-floor dining plus upstairs lounge and speakeasy with separate bar and discrete alley access.
- Rare Parking Support: On-site parking is offered with nearby ±4,190 SF companion parking at the land parcel located at 133 N La Brea Avenue.
Executive Summary
141 N La Brea Avenue is a 5,200-square-foot, two-story restaurant, bar, and lounge property located on the west side of La Brea Avenue, between Beverly Boulevard and 3rd Street. Built in 1928 in the Spanish/Moorish Revival style, the building features one of the corridor’s most recognizable façades, with a domed cupola, arched upper colonnade, oculus window, ornate plasterwork, and three street-level bays with operable roll-up doors.
Delivered vacant at close, the property is fully improved as a hospitality asset. The ground floor includes a custom U-shaped granite bar with seating for over twenty, a full commercial kitchen, banquette dining, and rear-of-house support. The upper level is configured as a separately programmable lounge and speakeasy with a dedicated second bar, accessible via an interior stairwell or a separate rear alley entrance, allowing a future operator to activate multiple concepts within one building.
The property is positioned along one of Central Los Angeles’ most active dining, design, retail, and cultural corridors, near Hancock Park, Fairfax, Miracle Mile, LACMA, The Grove, the Sycamore Creative District, and the Metro D Line extension at Wilshire/La Brea. Zoned C2-1VL with a Walk Score of 92, the asset is well-suited for an owner/user, hospitality operator, or investor seeking a distinctive character building in a high-visibility location.
141 N La Brea Avenue is offered in conjunction with 133 N La Brea Avenue, a separately addressed 4,190-square-foot parking and land parcel located two parcels south. While the parcels are not contiguous, they are being marketed together as a portfolio, creating a rare offering that pairs a built-out hospitality building with nearby dedicated parking and land support on a corridor where parking is limited.
Delivered vacant at close, the property is fully improved as a hospitality asset. The ground floor includes a custom U-shaped granite bar with seating for over twenty, a full commercial kitchen, banquette dining, and rear-of-house support. The upper level is configured as a separately programmable lounge and speakeasy with a dedicated second bar, accessible via an interior stairwell or a separate rear alley entrance, allowing a future operator to activate multiple concepts within one building.
The property is positioned along one of Central Los Angeles’ most active dining, design, retail, and cultural corridors, near Hancock Park, Fairfax, Miracle Mile, LACMA, The Grove, the Sycamore Creative District, and the Metro D Line extension at Wilshire/La Brea. Zoned C2-1VL with a Walk Score of 92, the asset is well-suited for an owner/user, hospitality operator, or investor seeking a distinctive character building in a high-visibility location.
141 N La Brea Avenue is offered in conjunction with 133 N La Brea Avenue, a separately addressed 4,190-square-foot parking and land parcel located two parcels south. While the parcels are not contiguous, they are being marketed together as a portfolio, creating a rare offering that pairs a built-out hospitality building with nearby dedicated parking and land support on a corridor where parking is limited.
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
5,200 SF
Building Class
C
Year Built
1928
Price
$2,750,000
Price Per SF
$528.85
Tenancy
Single
Building Height
2 Stories
Building FAR
1.19
Lot Size
0.10 AC
Zoning
C2-1VL - C2-1VL
Parking
12 Spaces (2.31 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Skylights
- Air Conditioning
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
15 min drive
2025 Population
39,948
477,893
1,014,891
1,608,309
2030 Population
39,648
479,370
1,015,964
1,609,702
2025-2030 Projected Population Growth
-0.8%
0.3%
0.1%
0.1%
Median Age
38.2
40.0
39.5
38.9
College Degree + Higher
64%
44%
40%
28%
Daytime Employees
24,940
286,755
569,984
1,038,108
Total Businesses
3,218
39,740
79,388
147,078
Average Household Income
$142,356
$109,649
$108,795
$110,184
Median Household Income
$109,364
$76,124
$74,365
$76,993
Total Consumer Spending
$651.4M
$6.4B
$12.7B
$19.6B
2025 Households
19,714
224,022
438,233
664,186
Average Home Value
$1,085,921
$997,121
$995,664
$964,163
Nearby Major Retailers
Property Taxes
| Parcel Number | 5513-002-009 | Improvements Assessment | $530,151 |
| Land Assessment | $467,177 | Total Assessment | $997,328 |
Property Taxes
Parcel Number
5513-002-009
Land Assessment
$467,177
Improvements Assessment
$530,151
Total Assessment
$997,328
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141-143 N La Brea Ave
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