For Lease
$45/SF/YR

7321 Santa Monica BlvdWest Hollywood, CA 90046

Thriving West Hollywood nightspot, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional West Hollywood restaurant and bar presents a lucrative investment opportunity. Located at 7321 Santa Monica Blvd, in the vibrant West Hollywood submarket of Los Angeles County, California, this single-tenant property boasts 3,200 square feet, inclusive of a permitted al-fresco patio (patio area not included in the 3,200 sq ft). The building itself totals 7,522 square feet and was constructed in 1958. The property features a Type-47 liquor license, allowing for live entertainment and dancing, with permitted hours of operation until 2:00 AM, seven days a week. A new five-year lease is in place, with two additional five-year options available. The asking price for the business assets is $700,000, and the approximate modified gross lease rate is $12,000 per month. This one-story building presents a unique chance to acquire a well-established and profitable entertainment venue in a high-demand location. The property is situated in the 90046 zip code.

Highlights

  • Exceptional West Hollywood restaurant and bar investment opportunity at 7321 Santa Monica Blvd.
  • 3,200 sq ft building (plus permitted patio) on a 7,522 sq ft lot, built in 1958.
  • Features a Type-47 liquor license, allowing live entertainment until 2:00 AM daily.
  • New five-year lease with two five-year options; asking price: $700,000; approx. modified gross lease rate: $12,000/month.
  • Prime West Hollywood location with high foot traffic and strong demographics; surrounded by established businesses including Jones, Formosa Cafe, and Delilah.

Property Details for 7321 Santa Monica Blvd

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
7,522 SF
Year Built
1958
Stories
1

Unit(s) available at that property

Space
Size
3,200 SF
Rate per SF
$45

Location Insight

City
West Hollywood
County
Los Angeles
State
California
Latitude
34.090840726842
Longitude
-118.34949930498
7321 Santa Monica Blvd, West Hollywood, California

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7321 Santa Monica Blvd
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