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8480-8482 W 3rd St
Los Angeles, CA 90048
Retail Property For Sale
Investment Highlights
- Type 47 Liquor License from 11 AM - 2 AM, daily
- Turnkey restaurant with full kitchen, walk in fridge and large bar
- Fully approved outdoor patio dining with alcohol service
- Permitted for Live Entertainment
Executive Summary
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 trueturnkey 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.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
4,056 SF
Building Class
C
Year Built/Renovated
1973/1978
Price
$3,990,000
Price Per SF
$983.73
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.92
Lot Size
0.10 AC
Zoning
C2 - Commercial
Parking
2 Spaces (0.49 Spaces per 1,000 SF Leased)
Frontage
45’ on W 3rd St
Property Taxes
| Parcel Number | 5511-032-029 | Improvements Assessment | $600,920 |
| Land Assessment | $3,365,178 | Total Assessment | $3,966,098 |
Property Taxes
Parcel Number
5511-032-029
Land Assessment
$3,365,178
Improvements Assessment
$600,920
Total Assessment
$3,966,098
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