Venue is currently a fully-entitled, world-famous bar/club. The real estate and business are being sold together with rare, grandfathered provisional licenses to be included. Owner will facilitate transfer with appropriate governing agency and code maintenance; includes ABC full liquor license (type 48) among several police commission permit(s). With unparalleled potential for a nightlife, restaurant or private social club venture, the business has an active license option for dancehall permit (p529) and/or live entertainment (p519) as well as bona fide public eating place (type 47). This 3000 square foot bar/lounge/club leases for $15,000 per month on a 5 year triple net lease that offers a five year renewal. The lease and option has 3.0% annual increases. Second floor houses 6 separate office spaces and leases quarterly at $7,000 per month. All of the businesses furniture, fixtures, equipment, name and licenses to be included in the sale. Excellent location on major Boulevard with no competition in best part of Silverlake/Los Feliz area. Below market rents allow for limited overhead and upside in business operations. Potential to combine floors or expand. NDA and POF Required.
For Sale $8,500,000
  • 4 Baths
  • Parking for Guests, 14 Spaces
  • 5987 Sqft
  • 6750 Lot
Jeff Lunjas
Jeff Lunjas
Partner
jlunjas@deasypenner.com
Mobile (224) 532-3414
Office (310) 275-1000

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This listing is a commercial property located in Los Angeles, CA. This property sits on a 6750 sqft lot, is 5987 sqft, 4 baths.