911 N Seward St - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90038
$2,795,000 USD
323-252-9870
911 N Seward St, Los Angeles, CA for Sale
$2,795,000 USD
Storefront Retail/Residential - FOR SALE
1/40
null | Request Cap Rate

911 N Seward St
Los Angeles, CA 90038


HIGHLIGHTS

  • Location in the Hollywood Media District
  • Corner lot

OVERVIEW

Restaurant/event space *plus* duplex on one 5,175 SF lot. Hollywood Hidden House, formerly Grub Restaurant, is available for sale. Ready to operate as a restaurant with steady income from duplex (or possible redevelopment opportunity?). State Enterprise Zone and Transit Priority Area provisions may apply. Commercial side has the following permits: 41 ABC license for onsite beer and wine sale, 58 ABC license for catering (can sell beer and wine for events), Public Health Permit, CUB for operating as a restaurant, CUB for serving beer and wine, and a Police Commission Permit. The commercial space was a restaurant for many years and has been used solely for catering and events since the pandemic. This operation could be continued or the restaurant could be reimagined. Restaurant portion is 1,500 SF plus outside seating in front for a maximum of 82 -- 51 inside, 31 outside. Commercial kitchen included, ancillary and non-attached items available separately. On the residential income side, the duplex is fully occupied with income of $3,500 from the upper unit and $2,595 from the lower. The building is 2,316 SF, approximately equally divided between the upper and lower unit. Each unit has two bedrooms, one bathroom. The lower unit has shared laundry outside the back door. The upper unit has private laundry, a bonus room (not included in the square footage), and a large covered patio. Permit parking in the neighborhood. This corner lot has legal addresses on both Seward (911 and 913 for the lower and upper residential units, respectively) for the duplex and Barton (6500 and 6502) for the restaurant/event space portion, which comes from the prior use of that building as a duplex. This property is located immediately adjacent to the Hollywood Media District BID and in very close proximity to the Sunset Las Palmas Studios, many other entertainment businesses, several well known restaurants, the Theatre District in Hollywood, and Route 66/Santa Monica Blvd.

FOR SALE DETAILS

PRICE

$2,795,000 USD

PRICE/SF

$732 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Restaurant + Duplex

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R2-1XL, Los Angeles

APN/PARCEL ID

5532-015-046

ASK ABOUT THIS PROPERTY

Scott CampbellNourmand & AssociatesMore Info
323-252-9870

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Scott CampbellNourmand & AssociatesMore Info
323-252-9870

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.