For Lease
$72/SF/YR

2958 Beverly Glen Cir Los Angeles, CA 90077

Profitable Chinese Restaurant, Bel Air

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional opportunity presents the chance to acquire a thriving Chinese restaurant nestled in the prestigious Bel Air neighborhood of Los Angeles County. The 1,200 square foot restaurant boasts a charming outdoor patio seating up to 20 guests, in addition to 10 interior seats, and benefits from a strong tenant mix within a bustling shopping center. This location is the only retail center in a high-end residential area, ensuring a steady stream of affluent customers. Average monthly gross sales are approximately $60,000, with low operating costs including approximately $7,200 in monthly rent and $1,800 in monthly NNN expenses. The restaurant features modern facilities including a 20-foot hood and two restrooms. A beer and wine license is in place. The sale includes fixtures, furniture, and equipment (as-is condition), but excludes the business name. This turnkey operation is situated in a high-income area with average and median household incomes exceeding $210,000 within a one-mile radius. Ample parking is available on-site and nearby. The asking price has been reduced to $95,000, representing a significant value proposition. A new, long-term lease is available for a qualified buyer. This is a rare opportunity to own a successful restaurant in one of Los Angeles' most desirable locations. Serious inquiries only.

Highlights

  • 1,200 SF Chinese restaurant in a Bel Air shopping center.
  • $7,200/month rent, $1,800/month NNN.
  • High-income demographics ($210,000+ average/median household income within 1 mile).
  • $60,000 average monthly gross sales.
  • NNN expenses approximately $8,000 every 3 months.
  • Strong tenant mix including Starbucks, supermarket, and other restaurants.

Property Details for 2958 Beverly Glen Cir

Property type
Restaurants
RSF (Rentable sq. ft)
1,200 SF

Unit(s) available at that property

Space
Available Space 1
Size
1,200 SF
Rate per SF
$72

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.1279952
Longitude
-118.4441461

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FAQs

What type of property is this?
Restaurant - Profitable Chinese Restaurant, Bel Air
Where is the restaurant located?
The property is located at 2958 Beverly Glen Cir Los Angeles, CA.
What is the lease rate?
The lease rate is $72/SF/YR.
What are key features of this property?
This property features: 1,200 SF Chinese restaurant in a Bel Air shopping center.; $7,200/month rent, $1,800/month NNN.; High-income demographics ($210,000+ average/median household income within 1 mile).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Ken Manabe
Visit Broker Website

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Useful Information

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Beverly Glen Cir
Los Angeles, CA 90077

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Beverly Glen Cir
Los Angeles, CA 90077

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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2958 Beverly Glen Cir
  • Ken Manabe
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