5750 Melrose Ave

Location DescriptionArbor Realty Capital Advisors, Inc. as exclusive advisor to the Owner is pleased to present for sale the opportunity to acquire the fee simple interest in 5750 Melrose Ave, Los Angeles, CA (“Subject Property”). The Subject Property is a two-story restaurant building, approximately 2,431 square feet in size, located at the southwest corner of Melrose Avenue and Lucerne Boulevard. It is situated on a 4,858 square foot land parcel and includes six onsite parking spaces. Currently, the Subject Property is vacant. The property has just received an approved set of permits for ADA, outdoor patio and dry storage areas. Furthermore, property has a CUB in place and a type 47 liquor license, Seller will sell per a separate transaction with Buyer. Please discuss with Broker. The Current CUB expires November 24th, 2024. Hours of operation shall be limited to 10:00 a.m. to 11:30 p.m. Sunday through Thursday and 10:00 a.m. to 12:00 a.m. Friday and Saturday. Vendor deliveries shall be conducted between 8:00 a.m. to 9:00 p.m. There shall be no deliveries on Sundays. Al Fresco Dining regulations now state that an Outdoor Dining Area does not count toward a Restaurant’s Floor Area calculation and there are no limitations on outdoor dining as it relates to indoor dining (i.e. removal of 50% restriction).