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8480-8482 W 3rd St 4,056 SF Retail Building Los Angeles, CA 90048 $6,491,028 CAD ($1,600.35 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Owner/user opportunity
  • Turnkey restaurant with full kitchen, walk in fridge and large bar
  • Type 47 Liquor License from 11 AM - 2 AM, daily
  • Permitted for Live Entertainment

EXECUTIVE SUMMARY

8480 W 3rd Street sits at the highly trafficked intersection of La Cienega and 3rd Street, surrounded by notable destinations including the Beverly Center, Beverly Connection, Pali Hotel, Carla Café, and La La Land Kind Café. The property features valuable restaurant entitlements—a full liquor license with service until 2 a.m., outdoor dining approval, and reduced parking requirements—making it a true turnkey opportunity for operators. Formerly home to The Phoenix, a celebrated neighborhood restaurant with a strong day-and-night customer base, the space carries a proven track record of success. With unbeatable visibility and connectivity in the heart of West Hollywood/Beverly Grove, the property is perfectly positioned for the next great dining concept.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
4,056 SF
Building Class
C
Year Built/Renovated
1973/1978
Price
$6,491,028 CAD
Price Per SF
$1,600.35 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.93
Lot Size
0.10 AC
Zoning
C2 - Commercial
Parking
2 Spaces (0.49 Spaces per 1,000 SF Leased)
Frontage
45’ on W 3rd St

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 4,056 SF
  • Restaurant
  • -
  • Now

8480 W 3rd Street sits at the highly trafficked intersection of La Cienega and 3rd Street, surrounded by notable destinations including the Beverly Center, Beverly Connection, Pali Hotel, Carla Café, and La La Land Kind Café. The property features valuable restaurant entitlements—a full liquor license with service until 2 a.m., outdoor dining approval, and reduced parking requirements—making it a true turnkey opportunity for operators. Formerly home to The Phoenix, a celebrated neighborhood restaurant with a strong day-and-night customer base, the space carries a proven track record of success. With unbeatable visibility and connectivity in the heart of West Hollywood/Beverly Grove, the property is perfectly positioned for the next great dining concept.

Space Size Space Use Position Available
1st Floor 4,056 SF Restaurant - Now

1st Floor

Size
4,056 SF
Space Use
Restaurant
Position
-
Available
Now

1st Floor

Size 4,056 SF
Space Use Restaurant
Position -
Available Now

8480 W 3rd Street sits at the highly trafficked intersection of La Cienega and 3rd Street, surrounded by notable destinations including the Beverly Center, Beverly Connection, Pali Hotel, Carla Café, and La La Land Kind Café. The property features valuable restaurant entitlements—a full liquor license with service until 2 a.m., outdoor dining approval, and reduced parking requirements—making it a true turnkey opportunity for operators. Formerly home to The Phoenix, a celebrated neighborhood restaurant with a strong day-and-night customer base, the space carries a proven track record of success. With unbeatable visibility and connectivity in the heart of West Hollywood/Beverly Grove, the property is perfectly positioned for the next great dining concept.

Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Starbucks
Blue Bottle Coffee
Hummus Republic
Baja Fresh
Johnny Rockets
Corner Bakery Cafe
Sweetfin Poke
EoS Fitness
The Coffee Bean & Tea Leaf
Trader Joe's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5511-032-029
Land Assessment
$4,723,902 CAD
Improvements Assessment
$843,547 CAD
Total Assessment
$5,567,450 CAD
  • Listing ID: 37869263

  • Date on Market: 2025-09-29

  • Last Updated:

  • Address: 8480-8482 W 3rd St, Los Angeles, CA 90048

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