5757 Wilshire Bvd. #102, Los Angeles, CA 90036

Los Angeles, CA (Los Angeles County)

5757 Wilshire Bvd. #102, Los Angeles, CA 90036

Asking Price:$260,000

Cash Flow:N/A

Gross Revenue:N/A




Lease Rate:$2.12 /SF/Month


5757 Wilshire Bvd. #102, Los Angeles, CA 90036

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Business Description

Business for sale only, not including property. Price just reduced from $699,999 to $260,000 because of injuries of owner. Johnnies New York Pizzeria and Cafe is a successful establishment with beer and wine license. The Museum Square development is going to split 25,852 SF parcel to create a new financeable building. New building is going to be 13-story, approximately 249,500 SF and with 2 levels addition parking to the existing 5-level parking. The 13 story building will be 207 FT high and the parking structure will be approximately 72 SF high. This will attract more business and population by maximizing the opportunities for the local can regional economy. Owner is motivated to sell at lower than market price. Rent =$11,000 with every 5 years renew lease. 3200 sqft restaurant, and 2000 sqft office upstairs. Please do not bother employees, only contact broker. Commission is 5%. Johnnie's New York Pizzeria and Cafe is a national franchise established in 1984 that is in a great location right next to Beverly Hills, the famous Los Angeles Museum of Modern Art (LACMA), La Brea Tar Pits, the Screen Actors Guild (SAG), E News Network, Oprah Winfrey Network, and the Peterson Automotive Museum. It has been serving the tantalizing flavors of Italy in its unique location in the Miracle Mile area of Los Angeles. It borders the mid-Los Angeles and Fairfax Districts, Beverly Hills and as well as Hancock Park.

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Daniel Chen

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Daniel Chen

Full House Realty

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