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3361 W 8th St 4,643 SF 100% Leased Retail Building Los Angeles, CA 90005 $5,400,000 ($1,163.04/SF)
Investment Highlights
- Existing restaurant improvements
- Functional dining layout
- Access to surrounding residential and commercial demand drivers
- Commercial kitchen and bar infrastructure
- Street frontage and visibility
- Redevelopment / Repositioning Potential
Executive Summary
3361 W. 8th Street presents a unique opportunity to acquire a prime Los Angeles commercial property currently operated as an established restaurant. Also, available with the fee simple purchase of the real estate is the opportunity to acquire Taylor's Steakhouse, an established restaurant business with decades of successful operating history and strong brand recognition.
The property's C2-1 and R4-2 zoning provides exceptional flexibility for a variety of investment strategies, including continued commercial use, future residential or mixed-use development, or a combination of both, subject to applicable approvals. Investors may acquire and operate the existing restaurant, use the existing facility's infrastructure to operate a new restaurant concept, lease the improvements to another operator, or capitalize on the property's long-term development potential. The combination of valuable underlying real estate, flexible zoning, and an established operating business creates a unique investment opportunity offering immediate cash flow, long-term appreciation potential, and multiple avenues for future value creation.
The FF&E inventory and detailed financial information are available to qualified buyers upon execution of a signed Non-Disclosure Agreement (NDA).
The property's C2-1 and R4-2 zoning provides exceptional flexibility for a variety of investment strategies, including continued commercial use, future residential or mixed-use development, or a combination of both, subject to applicable approvals. Investors may acquire and operate the existing restaurant, use the existing facility's infrastructure to operate a new restaurant concept, lease the improvements to another operator, or capitalize on the property's long-term development potential. The combination of valuable underlying real estate, flexible zoning, and an established operating business creates a unique investment opportunity offering immediate cash flow, long-term appreciation potential, and multiple avenues for future value creation.
The FF&E inventory and detailed financial information are available to qualified buyers upon execution of a signed Non-Disclosure Agreement (NDA).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,643 SF
Building Class
C
Year Built
1947
Price
$5,400,000
Price Per SF
$1,163.04
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
LA R4
Parking
21 Spaces (4.52 Spaces per 1,000 SF Leased)
Frontage
149’ on W 8th St
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5093-025-025 | Improvements Assessment | $109,805 |
| Land Assessment | $226,747 | Total Assessment | $336,552 |
Property Taxes
Parcel Number
5093-025-025
Land Assessment
$226,747
Improvements Assessment
$109,805
Total Assessment
$336,552
(818) 956-7001
x127
Contacts
-
Kris Hons -
David 'Randy' Stevenson -
David Ziegenfuss -
Stevenson Real Estate Services
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3361 W 8th St
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