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    HomeNewsLa Boheme West Hollywood Restaurant is for Sale for $10M

    La Boheme West Hollywood Restaurant is for Sale for $10M

    LA Boheme Restaurant property, located at 8400 Santa Monica Blvd, is another long-established business that is for sale in the City of West Hollywood. The restaurant, known for its Californian Mediterranean cuisine with European and Asian flair, opened on the corner of Santa Monica Blvd and Orlando Ave in 1991. The owners are asking for $10,000,000.

    The property is listed as “Prime owner-user restaurant real estate in the center of West Hollywood’s vibrant culinary scene, with a front-row seat to the bustling energy of the city. World-class location. Timeless, refined architecture and design. Fully equipped kitchen, soaring ceilings, 160 total seats, with Type 47 liquor license, Type 58 Catering License, and Business Entertainment License. Large patio at 5,225 square feet also included. Property is also available for lease.”

    The listing was updated on Thursday, January 11, 2024, to include that “owners have applied for a permanent outdoor patio and are close to approval” following a virtual neighborhood meeting on Wednesday where the owners met with neighbors to discuss La Boheme’s request to permanently convert their Out Zone temporary outdoor dining area (originally a surface parking lot servicing the restaurant) into a permanently improved outdoor dining area with upscale elevated design, landscaping, amenities, and built-in noise mitigation.

    Property highlights include:

    • Ideal West Hollywood Location: Nestled in one of Los Angeles’ most coveted neighborhoods, this property benefits from the vibrant and dynamic atmosphere that West Hollywood has to offer. With its trendy reputation and thriving commercial scene, West Hollywood is a sought-after destination for businesses and visitors alike.
    • Exempt from ULA Tax: This retail space is not subject to ULA Tax, providing a significant advantage for potential buyers and investors.
    • Exceptional Parking: 8400 Santa Monica Blvd features outstanding parking through the city-operated surface lot directly across the street at $2.00 for 3 hours, as well as through the West Hollywood Park five-story, 329 space structure adjacent to the east.
    • Premier Retail District: Surrounding the property is a neighborhood widely recognized as one of LA’s top producing retail districts serving the daytime population, residents and visitors
    • Owner User Opportunity: The ground floor restaurant space will be delivered vacant for owner occupiers or investors with a tenant in tow. The exceptional layout and design features multiple dining areas, a full bar, fixturized kitchen and outdoor covered patio dining. With a CUP in-place for full liquor service, this is a one-of-a-kind turn-key opportunity in one of the best restaurant markets in the city.
    • Proximity to New Developments: The property’s strategic location places it near exciting upcoming attractions, including the newly-designed West Hollywood Public Park and Library, the Melrose Triangle development, and the future Robertson Lane project. These developments will further enhance the area’s appeal.
    • High-Value Demographic: The West Hollywood Market boasts the highest price per square foot demographic of homeowners in Los Angeles and has experienced annual increases in the number of visitors for the past eight years. The combination of an affluent resident base and heavy night-time and weekend traffic provides a strong customer base, all but ensuring sustained success for tenants.
    • Thriving Consumer Spending: West Hollywood’s influential retail and restaurant sector has the highest dollar amount of consumer spending in Los Angeles County.
    • Value-Add Potential: Market rents along Robertson and Melrose often reach triple-digits on an annual basis, creating a value opportunity for both investors and owner users in future repositioning.

    Lucian Tudor, the CEO of La Boheme, has garnered media attention with his criticisms of the West Hollywood city council and the city’s policies concerning public safety. He has been vocal at council meetings about the struggles the restaurant is facing financially due to a rise in crime in the area, stating at one point that they have been vandalized numerous times.

    In August, he announced that the restaurant laid off all bussing positions due to the rise in the minimum wage in the city of West Hollywood, which is currently at $19.08 per hour.

    In November 2023, Tudor revealed that the restaurant was robbed in late October, resulting in $20,000 in damages. A safe was stolen from the property.

    Furthermore, he revealed late last year that they may have to put the restaurant up for sale.

    To view the full listing of the property on Loopnet, visit:

    https://www.loopnet.com/Listing/8400-Santa-Monica-Blvd-West-Hollywood-CA/29351644/

    Editor’s note: This article was updated to include details on the safety issues and the restaurant’s alleged financial troubles.

    4.3 6 votes
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    Paulo Murillo
    Paulo Murillohttps://wehotimes.com
    Paulo Murillo is Editor in Chief and Publisher of WEHO TIMES. He brings over 20 years of experience as a columnist, reporter, and photo journalist. Murillo began his professional writing career as the author of “Love Ya, Mean It,” an irreverent and sometimes controversial West Hollywood lifestyle column for FAB! newspaper. His work has appeared in numerous print and online publications, which include the “Hot Topic” column in Frontiers magazine, where he covered breaking news and local events in West Hollywood. He can be reached at [email protected]

    24 COMMENTS

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    rick dorfman
    rick dorfman
    Offline
    3 months ago

    “We have to put the restaurant up for sale for $10,000,000.” Wishing we all had such burdens.

    cris taylor
    cris taylor
    Offline
    3 months ago

    I love this restaurant. I am sad to hear it is closing.
    Are they still open for business?
    The food and staff have always been wonderful.
    Best happy hour!!

    WeHoGal
    WeHoGal
    Offline
    3 months ago

    They created the listing back in August and did not say one word about it being for sale. They had a meeting with the neighbors, and they did not mention the place was for sale. That meeting would have ended in ten minutes. All these promises made, and they are promises Lucien can’t keep if someone buys the property. The new owners can do whatever they want.

    KoWeho
    KoWeho
    Offline
    3 months ago

    10M is too high even with the outdoor square footage. It should be valued more around $1750/SF, so around 7M. The application to have an improved conversion of the parking lot is a smart move and could add to the SQ value if approved. Also, Global Dining (a public company in Japan) owns this property, not the manager/CEO, so they are executing the sale.

    WeHoGal
    WeHoGal
    Offline
    Reply to  KoWeho
    3 months ago

    Lucian is a part owner, or a share holder of sorts. He’s mentioned it on more than one occasion.

    Kevin
    Kevin
    Offline
    Reply to  WeHoGal
    3 months ago

    Technically anyone who owns a share in a public company is an “owner”.

    Weho artist
    Weho artist
    Offline
    3 months ago

    So sick of hearing about this god awful restaurant.

    Natasha
    Natasha
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    Reply to  Weho artist
    3 months ago

    I hope you buy it and make it a huge success. Please keep us posted.

    Foggy eyed guy
    Foggy eyed guy
    Offline
    3 months ago

    Thank you for adding that extra context about how the CEO has been going to great lengths to devalue his property and blaming it on the city. Asking for 10M means he was lying about the struggle, or he’s outright delusional.

    Matthew Flanagan
    Matthew Flanagan
    Offline
    3 months ago

    After all the complaining about West Hollywood and the government this fucking idiot think he’s going to sell his business for 10 million?

    Hahahaha they funny
    Hahahaha they funny
    Offline
    3 months ago

    LOL. $10M for what!?!?!? Pee stained patio furniture and rugs from the homeless, used dishware and other kitchen equipment you can pick up used for cents on the dollar elsewhere.

    Jim Nasium
    Jim Nasium
    Offline
    Reply to  Hahahaha they funny
    3 months ago

    $10M for the property. It’s a a little smaller than the 14M Abbey property. Get it?

    Benjamin Story
    Benjamin Story
    Offline
    Reply to  Hahahaha they funny
    3 months ago

    Pee stained patio furniture is certainly on-brand for WeHo.

    david
    david
    Offline
    3 months ago

    Why spend money to implement permanent outdoor dining if La Boheme plans on leaving?

    Foggy eyed guy
    Foggy eyed guy
    Offline
    Reply to  david
    3 months ago

    Why fix a house if you’re going to sell it? MO’ MONEY! MO’ MONEY! I’d be very curious to know if they were transparent about the sale of the property when they had the meeting with neighbors. It would seem pointless to me to have a dialogue about plans to expand when you already have one foot out the door.

    KoWeho
    KoWeho
    Offline
    Reply to  david
    3 months ago

    They were never going to build it, but they want to have it approved so they can make it an asset in the sale. It’s basically a shovel-ready piece of land to any owner if the council approves its conversion. Smart.

    WeHoGal
    WeHoGal
    Offline
    Reply to  KoWeho
    3 months ago

    The city should deny.

    TomSmart
    TomSmart
    Offline
    3 months ago

    These people are all over the place!! Remember that they were going to switch to a steakhouse prior to Covid. Something like “LB66” (after Route 66). They are a mess.

    Kiss it
    Kiss it
    Offline
    3 months ago

    They sick inside the head? Brain broken?
    it would only be worth 10 million if it included the property! Lucien is high on CrACK ! The day that’s worth 10 million would be a day I will walk through hell and a gasoline infused G string doing the Macarena!

    Kevin
    Kevin
    Offline
    Reply to  Kiss it
    3 months ago

    The sale is for the property and the business, but still too high.

    Pot Head
    Pot Head
    Offline
    3 months ago

    Another pot shop coming?

    John Ryan
    John Ryan
    Offline
    3 months ago

    I guess they forgot to add in the listing the details that the manager has been spewing for months; that it’s an unsafe neighborhood, untenable business plan, unable to afford to pay a busboy staff, and the city of West Hollywood is a horrible place to conduct business. Must have been an oversight.

    Enough!
    Enough!
    Offline
    Reply to  John Ryan
    3 months ago

    Have to put lipstick on a pig.

    David
    David
    Offline
    3 months ago

    This isn’t news, it’s an ad.
    10 million, lol.

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