This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Cobras & Matadors 7505 Melrose 7501-7507 Melrose Ave
2,652 - 3,369 SF of Retail Space Available in Los Angeles, CA 90046
Sublease Highlights
- Trendiest blocks of Iconic Melrose Ave.
- Enormous Improved Outdoor Patio
- Wood Burning Grill & Oven
- Type 47 ABC License (Full Liquor) Included
- Pylon Sign Panel
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 2,652-3,369 SF | 14’ | Negotiable | $64.00 /SF/YR $5.33 /SF/MO $215,616 /YR $17,968 /MO | Modified Gross |
1st Floor
THIS IS AN ASSET SALE - KEY MONEY REQUIRED - CALL BROKER FOR PRICING & DETAILS Formerly Spartina since 2014 now Cobras & Matadors, this beautiful and intimate restaurant is located on one of Melrose Ave’s. trendiest and hippest blocks continuing the spirit of bringing great food and entertainment to the Hollywood and media district crowd who live here. This is no ordinary spot either, its a part of LA culinary history with a lineage of famous chef / owners delivering memorable experiences. This restaurant, with its sleek, rustic, mid century dining room, expansive patio, bar, and open kitchen is well known as a perfect spot to drop in for a glass of wine or cocktail at your own “Social Club”, bring someone special for a date night, or enjoy the vibe with great food and friends. The restaurant was once doing close to $4M annually and ready to do it again with the right operator, its time to now make it your own….. . The restaurant and bar lays out as follows: Total Restaurant Size: 2,652 Sq. Ft. Interior Dining Room Area: 1,434 Sq. Ft. Outdoor Patio Area: 717+ sq. ft. Features include: * Fully Equipped Modern Chef’s Kitchen with Type 1 Hoods (2), 2nd Hood Rated For Open Flame, Wood Burning Grill, Large Walk-In, Wood Burning Oven, dishwasher area, grease interceptor, Full Bar (2) wells, Full FF&E list included. *On one of the Trendiest blocks of Iconic Melrose Ave., featured on Bravo, LA Times, Conde Nast Traveller and more…… *Type 47 ABC License (Full Liquor) Included, allows service: 7:00 a.m. to 12:00 a.m. (midnight), 7 days a week. The landlord will allow the assumption of the current lease extended to 10 years or write a new lease on the following basis: Monthly Rent: $ 16,500.00/Mo. Increases: 3% Annually Real Estate Taxes: $ 1,000.00/Mo. CAM: Self Managed Insurance: Tenant $2M/occurrence, Landlord as additional insured Security Deposit: $33,000.00 subject to financial review Tenant Responsibility: Repairs for Roof, Plumbing, Electric, & FFE equipment All utilities are separately metered and Tenant has its own panel on the rare Pole Sign.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Central Air Conditioning
- Private Restrooms
- Corner Space
- Exposed Ceiling
- Finished Ceilings: 14’
- Type 47 ABC License (Full Liquor) Included
- Trendiest blocks of Iconic Melrose Ave.
- Enormous Improved Outdoor Patio
- Pylon Sign Panel
- Wood Burning Grill & Oven
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 7501-7507 Melrose Ave , Los Angeles, CA 90046
| Min. Divisible | 2,652 SF | Gross Leasable Area | 3,794 SF |
| Property Type | Retail | Year Built | 1965 |
| Property Subtype | Restaurant |
| Min. Divisible | 2,652 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 3,794 SF |
| Year Built | 1965 |
About the Property
THIS IS AN ASSET SALE - KEY MONEY REQUIRED - CALL BROKER FOR PRICING & DETAILS Formerly Spartina since 2014 now Cobras & Matadors, this beautiful and intimate restaurant is located on one of Melrose Ave’s. trendiest and hippest blocks continuing the spirit of bringing great food and entertainment to the Hollywood and media district crowd who live here. This is no ordinary spot either, its a part of LA culinary history with a lineage of famous chef / owners delivering memorable experiences. This restaurant, with its sleek, rustic, mid century dining room, expansive patio, bar, and open kitchen is well known as a perfect spot to drop in for a glass of wine or cocktail at your own “Social Club”, bring someone special for a date night, or enjoy the vibe with great food and friends. The restaurant was once doing close to $4M annually and ready to do it again with the right operator, its time to now make it your own….. . The restaurant and bar lays out as follows: Total Restaurant Size: 2,652 Sq. Ft. Interior Dining Room Area: 1,434 Sq. Ft. Outdoor Patio Area: 717+ sq. ft. Features include: * Fully Equipped Modern Chef’s Kitchen with Type 1 Hoods (2), 2nd Hood Rated For Open Flame, Wood Burning Grill, Large Walk-In, Wood Burning Oven, dishwasher area, grease interceptor, Full Bar (2) wells, Full FF&E list included. *On one of the Trendiest blocks of Iconic Melrose Ave., featured on Bravo, LA Times, Conde Nast Traveller and more…… *Type 47 ABC License (Full Liquor) Included, allows service: 7:00 a.m. to 12:00 a.m. (midnight), 7 days a week. The landlord will allow the assumption of the current lease extended to 10 years or write a new lease on the following basis: Monthly Rent: $ 16,500.00/Mo. Increases: 3% Annually Real Estate Taxes: $ 1,000.00/Mo. CAM: Self Managed Insurance: Tenant $2M/occurrence, Landlord as additional insured Security Deposit: $33,000.00 subject to financial review Tenant Responsibility: Repairs for Roof, Plumbing, Electric, & FFE equipment All utilities are separately metered and Tenant has its own panel on the rare Pole Sign.
- Corner Lot
- Courtyard
- Restaurant
- Signage
- Storage Space
- Air Conditioning
Nearby Major Retailers
Presented by
Cobras & Matadors 7505 Melrose | 7501-7507 Melrose Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.