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732 N. La Cienega Boulevard
Los Angeles, CA 90069

Price: Request For Offer Zoning: C4-1VL
Bldg SF: 5,090 SF
Land SF: 7,323 SF
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Andrew Leff
(818) 212-2815
Andrew.Leff@marcusmillichap.com
License # 01865688


Vaughn Brown
Investment Associate
License # 02082395

Price: Request For Offer
Bldg SF: 5,090 SF
Land SF: 7,323 SF
Year Built: 1931
Property Type: Restaurant
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Andrew Leff
(818) 212-2815
Andrew.Leff@marcusmillichap.com
License # 01865688


Vaughn Brown
Investment Associate
License # 02082395

Investment Highlights

ICONIC RESTAURANT PROPERTY HOME TO WORLD FAMOUS KOI LOS ANGELES

 

  • Koi Restaurant has been operating at this location for 19 years
  • The property is ideally located in the heart of one of the most famously known locales for celebrities, wealthy residents, and tourists alike
  • The property is fully leased to Koi through December of 2022 on a net leased basis
  • Pending lease expiration creates a unique Owner-User opportunity

 

CENTRALLY LOCATED WITHIN WORLD RENOWNED WEST HOLLYWOOD

 

  • Home to world renowned retailers, restaurants, trendy hotspots, and world class shopping all in the immediate area
  • Within close proximity to the Beverly Center, renowned Cedars Sinai Medical Center, Melrose Boulevard, Pacific Design Center, and the Sunset Strip
  • Among the top luxury retail districts worldwide. The location boasts designer labels, popular restaurants, and boutiques and is famously known for being a preferred shopping destination of celebrities, wealthy residents, and tourists alike
  • Home to well-known designer labels, popular restaurants, and boutiques and is famously known for being a preferred destination of celebrities, wealthy residents, and tourists alike

 

STRONG IMMEDIATE DEMOGRAPHICS

 

  • Over 45,300 people are located within one mile of the property, 267,700 within three miles of the property, and 843,400 within five miles of the property. Over 9,000 households within one mile and over 174,000 households located within 5 miles of the subject property
  • There are over 27,400 households located within one mile of the property, 136,600 within three miles of the property, and 366,000 within five miles of the property
  • Average household income is over $121,200 within one mile of the property, $118,500 within three miles of the property, and $102,000 within five miles of the property

 

SUBMARKET SATURATED WITH DEVELOPMENTS AND RETAIL AMENITIES

 

  • Located less than one mile from both the Melrose Triangle Development and Pendry Hotel & Residences
  • Located less than one mile from the famous Sunset Strip, which features amenities such as Whiskey A Go Go, The Roxy Theater, Mel’s Diner, Rainbow Bar & Grill, and Sunset Marquis
  • Located just four blocks from Melrose Avenue, which houses the Pacific Design Center as well as a number of retail amenities such as Duff’s Cake Mix, Alfred’s Coffee, The RealReal, and Lululemon