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8480-8482 W 3rd St 4,056 SF of Retail Space Available in Los Angeles, CA 90048
Highlights
- Type 47 Liquor License from 11 AM - 2 AM, daily
- Turnkey with full kitchen, walk in fridge and bar
- Fully approved patio dining with alcohol service
- Permitted for Live Entertainment
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,056 SF | Negotiable | $48.59 CAD/SF/YR $4.05 CAD/SF/MO $197,064 CAD/YR $16,422 CAD/MO | Triple Net (NNN) |
1st Floor
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.
- Lease rate does not include utilities, property expenses or building services
- Type 47 Liquor License from 11 AM - 2 AM, daily
- Fully approved patio dining with alcohol service
- Turnkey with full kitchen, walk in fridge and bar
- Permitted for Live Entertainment
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.
Select Tenants at 8480-8482 W 3rd St, Los Angeles, CA 90048
- Tenant
- Description
- US Locations
- Reach
- The Phoenix
- Cocktail Bar
- 1
- -
| Tenant | Description | US Locations | Reach |
| The Phoenix | Cocktail Bar | 1 | - |
Property Facts
| Total Space Available | 4,056 SF | Gross Leasable Area | 4,056 SF |
| Property Type | Retail | Year Built/Renovated | 1973/1978 |
| Property Subtype | Storefront | Parking Ratio | 0.49/1,000 SF |
| Total Space Available | 4,056 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 4,056 SF |
| Year Built/Renovated | 1973/1978 |
| Parking Ratio | 0.49/1,000 SF |
About the Property
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.
Nearby Major Retailers
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8480-8482 W 3rd St
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