Hollywood bar/lounge asset sale with live music venue and arcade on N Cahuenga Blvd

The opportunity

An established bar/lounge asset sale in Hollywood, Los Angeles with a built-in identity for live music, special events, and arcade-driven nightlife. Located at 1551 N Cahuenga Blvd, this 1,700 SF venue is open and running and offered as a fully furnished, equipped opportunity.

The existing concept, known as Daddy Diamonds Restaurant/Lounge, Arcade & Live Music Venue, is positioned for an operator seeking a second-generation restaurant for lease in Central LA with entertainment appeal and immediate functionality.

• Asset sale / key money opportunity- 1,700 SF- Operating business, open and running- Equipment included- Fully furnished- Configured as a bar/lounge, restaurant, arcade, and live music venue.

Space & infrastructure

This non-hooded restaurant/lounge offers a practical setup for beverage service, light food service, and event programming. The layout supports a social, entertainment-oriented use with core back-of-house and customer amenities already in place.

• Three-compartment sink- HVAC- 2 restrooms- ADA-compliant restrooms- Built for ongoing hospitality operations- Existing improvements support a turnkey-style transition for the next operator

Licenses & permitted use

A major differentiator is the included Type 41 ABC beer and wine license, allowing an incoming operator to step into a licensed Hollywood bar/lounge with established event potential.

• Beer and wine license included- Existing live music use- Proven venue for special events- Previously used for film/TV productions and music videos

Lease terms & location

Set in Hollywood within the Central LA area, this restaurant for lease combines a recognizable entertainment corridor address with an existing nightlife format. The monthly occupancy cost is structured as base rent plus NNN.

• Address: 1551 N Cahuenga Blvd, Los Angeles, CA 90028- Neighborhood: Hollywood / Central LA- Rent: $8,415/month- NNN: $0.62/month NNN- Lease structure: NNN lease

For operators searching for a Hollywood restaurant for lease with live music, beer and wine licensing, and a fully furnished nightlife setting, this offering stands out as a ready-made bar/lounge asset sale in one of Los Angeles’ most recognizable entertainment districts.