141 N La Brea Ave — Sale in Los Angeles, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Los Angeles, CA 90036
Photos
Investment Figures
- Cap rate
- 7.00%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
141 N La Brea Avenue presents a rare opportunity to acquire a fully built-out hospitality asset on one of central Los Angeles’s most active creative corridors. The 5,200 SF two-story building is delivered vacant and features a full commercial kitchen, custom U-shaped granite bar, ground-floor dining room, operable roll-up frontage, and a separately programmable upstairs lounge and speakeasy. Built in 1928, the property carries a distinctive Spanish/Moorish Revival façade with arched colonnades, a domed cupola, oculus window, and ornate plasterwork, giving the building a level of identity that is difficult to replicate. The layout supports multiple hospitality uses within one address, including restaurant service, cocktail lounge, private dining, events, and late-night programming. The property is offered in conjunction with 133 N La Brea Avenue, a separately addressed 4,190 SF parking and land parcel located nearby. Together, the two assets create a rare La Brea portfolio: a character-rich, built-out hospitality building paired with dedicated parking support in a corridor where parking is exceptionally limited. Delivered vacant at close, 141 N La Brea offers an owner-user or investor a highly visible, design-forward platform in the path of major cultural, transit, and capital investment, including District La Brea, Television City, LACMA, and the Metro D Line extension. Investment Highlights: • Built-Out Hospitality on La Brea: 5,200 SF two-story restaurant, bar, and lounge with kitchen, granite bar, upstairs speakeasy, and vacant delivery. • Irreplaceable 1928 Character: Spanish/Moorish Revival façade with arched colonnades, domed cupola, ornate plasterwork, and roll-up frontage. • Major Corridor Catalysts: Steps from District La Brea, Television City, LACMA's Geffen Galleries, and Metro D Line investment reshaping the corridor.
Market Context
This retail in Los Angeles, CA is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Los Angeles, CA — view the full market.
As of Q2 2026, the Greater Los Angeles retail market showed a 5.6% vacancy rate, and average asking rents near $34.14/SF/yr. Source: multiple brokerage reports, Q2 2026.
Tight vacancy keeps competition for quality space elevated.
Retail market FAQ
- Is the Greater Los Angeles retail market tightening or softening?
- Vacancy is around 5.6% (Q2 2026).
Estimated Price per SF
$237.99/SF – $1,731/SF
Mid: $721.17/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Iman Mossanen · (310) 909-5422 · iman.mossanen@marcusmillichap.com
- Bradley Buzil · (310) 909-5473 · bradley.buzil@marcusmillichap.com
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