8030 W 3rd St
Los Angeles, CA 90048 Hancock Park

THIS IS AN ASSET SALE - KEY MONEY REQUIRED - DO NOT DISTURB EMPLOYEES - TOURS BY APPOINTMENT ONLY

Imagine yourself running a thriving restaurant in one of LA's most coveted dining destinations. This established Beverly Grove gem is a "Brand Building" location that sits right in the heart of West 3rd Street, surrounded by iconic spots like Joan's on Third, Bacari, Oste, El Carmen, and Little Door - you'll be joining some of the city's most beloved culinary landmarks.

What makes this opportunity special? You're getting a fully equipped 1,822 square foot space that's ready to go. Picture this: two complete kitchens with Type 1 hoods (15-foot main kitchen, 8-foot prep kitchen), a walk-in cooler, and seating for 65 guests inside plus a 222 square foot patio on W. 3rd St. The main kitchen was expertly remodeled just a couple years ago with new equipment, so you won't need to worry about major upgrades.

You'll love the flexibility here. Whether you're dreaming of a fast-casual concept, cozy wine bar, or full-service restaurant, this layout can adapt to your vision. The dual kitchen setup means you can operate efficiently while keeping costs manageable. There's a Brochure attached with front and back of house pictures, video tour included.

The location works in your favor every day. You're in a neighborhood packed with residents and business professionals who are always looking for great dining options. Hanging with the lunch crowd alone with Uncle Paulies, Sweetgreen, Takagi Coffee, Mood, Oste, Joans, Fiorelli Pizza, LaLa Land, Sticky Rice, Palms N Patties, and Robata Jinya provides steady revenue, and the evening scene is vibrant with nearby hotspots Bacari, Viva La Mamma, Little Door, Katsuya, Regalade Bistro, Oste, Melanie Wine Bar and Badabussa drawing dinner guests your way.

Financially, you're getting a smart deal. The landlord is flexible - you can negotiate a new lease or take over the current modified gross lease with low expenses. Everything comes included: extensive equipment list, furniture, fixtures, and a Type 41 ABC license so you can serve beer and wine until 11pm.

This isn't just a restaurant purchase - it's your chance to step into either an established business with loyal customers, prime real estate, and room to grow or expand your brand into a lucrative new trade area. The current concept has built a strong local following, but you have the freedom to make it your own.

The Lease has 3 x 5 year Options,   - 1st Option @ 95%  FMV, - 2nd Option @ 90% FMV, - 3rd Op[tion @ 90% FMV, 3% annual increases after each of the initial adjustment years

Ready to explore this opportunity? An NDA is required for detailed financials and additional information.

• Date available: 60 Days
• Lease term: 10 Years
• Service type: Modified Gross
• Built out as: Restaurants And Cafes
• Space Type: Relet