2ND GEN RESTAURANT ASSET & REAL ESTATE | 11938 W Pico Blvd
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2ND GEN RESTAURANT ASSET & REAL ESTATE 11938 W Pico Blvd
3,522 SF Retail Building Los Angeles, CA 90064 $3,295,000 ($936/SF)
Investment Highlights
- VERY WALKABLE WITH A WALKING SCORE OF 88!!!
- OUTSTANDING CAR TRAFFIC COUNTS; OVER 25,000 CARS PER DAY ALONG PICO BLVD.
- JUST NORTH OF THE 10 FREEWAY & JUST WEST OF THE 405 FREEWAY.
- EXCELLENT OPPORTUNITY TO PURCHASE A FULLY EQUIPPED 2nd GEN TURNKEY RESTAURANT WITH A FULL TYPE 47 UNRESTRICTED LIQUOR LICENSE!!!
- WALKING DISTANCE TO THE EXPO/BUNDY METRO LINE, CONNECTING SANTA MONICA TO DOWNTOWN LA.
- STRONG DEMOGRAPHICS; OVER 300,000 PEOPLE RESIDE WITHIN A 3- MILE RADIUS WITH A HH INCOME OF OVER. $130,000 PER YEAR.
Executive Summary
KW Commercial is pleased to present this 2nd Gen Restaurant building located at 11940 W. Pico Blvd. in West Los Angeles. The sale for both the real estate and all restaurant equipment to be concurrent, making it a complete turnkey opportunity. The property boasts a Type 47 unrestricted liquor license, allowing for a full range of beverage services.
Ideally situated just north of the 10 Freeway and west of the 405 Freeway, this location offers excellent accessibility and exposure. With over 25,000 cars passing daily on Pico Blvd., the property benefits from substantial drive-by traffic. It’s also within walking distance of the Expo/Bundy Metro Line, providing easy transit connections from Santa Monica to Downtown LA.
This highly walkable property has a Walk Score of 88 and is centrally located between Santa Monica, Culver City, Westwood, and Beverly Hills.
The surrounding area includes strong demographics; with over 300,000 people residing within a 3-mile radius and an average household income exceeding $130,000 per year. This restaurant space is a rare find, offering an unparalleled opportunity for a new or expanding business.
REAL ESTATE and FF&E to be PURCHASED CONCURRENTLY
Ideally situated just north of the 10 Freeway and west of the 405 Freeway, this location offers excellent accessibility and exposure. With over 25,000 cars passing daily on Pico Blvd., the property benefits from substantial drive-by traffic. It’s also within walking distance of the Expo/Bundy Metro Line, providing easy transit connections from Santa Monica to Downtown LA.
This highly walkable property has a Walk Score of 88 and is centrally located between Santa Monica, Culver City, Westwood, and Beverly Hills.
The surrounding area includes strong demographics; with over 300,000 people residing within a 3-mile radius and an average household income exceeding $130,000 per year. This restaurant space is a rare find, offering an unparalleled opportunity for a new or expanding business.
REAL ESTATE and FF&E to be PURCHASED CONCURRENTLY
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,522 SF
Building Class
C
Year Built/Renovated
1940/2021
Price
$3,295,000
Price Per SF
$936
Tenancy
Single
Building Height
1 Story
Building FAR
0.80
Lot Size
0.10 AC
Zoning
LAC2 - Zoned for restaurant
Frontage
40 FT on W Pico Blvd
Amenities
- Air Conditioning
Walk Score ®
Very Walkable (88)
Bike Score ®
Biker's Paradise (91)
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 4259-039-012 | Improvements Assessment | $371,422 |
| Land Assessment | $3,024,442 | Total Assessment | $3,395,864 |
PROPERTY TAXES
Parcel Number
4259-039-012
Land Assessment
$3,024,442
Improvements Assessment
$371,422
Total Assessment
$3,395,864
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2ND GEN RESTAURANT ASSET & REAL ESTATE | 11938 W Pico Blvd
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