11831 Wilshire BlvdLos Angeles, CA 90025

Property Details for 11831 Wilshire Blvd

Year built

1937

Construction

WOOD

Lot size

0.34 AC

Property size (Sq ft)

6,854 SF

Zone code

LAC4

Property type

Retail space

APN

4265-013-038

APU

4265013038

Description

This exceptional restaurant opportunity is located at 11831 Wilshire Blvd, Los Angeles, CA 90025. The property is a retail space encompassing 1 square foot and boasts a highly desirable ABC 47 liquor license with extended hours until 2:00 AM. Its prime location on a busy street in West Los Angeles ensures high visibility and consistent foot traffic. The business benefits from a strong weekday clientele drawn from nearby office towers and a vibrant evening crowd from the surrounding residential area. This presents a unique chance to acquire an established business with a proven track record in a lucrative market. The property's strategic positioning capitalizes on both daytime and nighttime traffic, offering a consistent revenue stream. The included liquor license is a significant asset, enhancing the profitability and appeal of this exceptional investment. This is an ideal opportunity for an experienced restaurateur looking to establish or expand their presence in a high-demand location. The property's size, while compact, is perfectly suited to its current use and the existing clientele. The location's proximity to office buildings and residential areas ensures a diverse and consistent customer base. This turnkey operation is ready for a new owner to continue its success.

• CAP approach

  CAP return

  Valuation

  6%

  $2,031,420

  6.5%

  $1,875,160

  7%

  $1,741,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,351,020

  Geo Method

  $1,355,490

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,646,550

  Mixed-Use / Specialty

  $1,872,590

  Hospitality / Lodging

  $1,379,220

  Office

  $1,865,750

  Institutional / Educational

  $1,948,210

  Residential Income

  $2,279,410

  Multifamily

  $2,710,970

  Automotive / Energy

  $1,669,900

  Parking / Income-Based Land

  $572,192

  Restaurant / Food Service

  $982,737

  Healthcare / Senior Housing

  $1,916,080

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0478

Longitude

-118.464

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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