Sawtelle’s The Arsenal Closes, Is Listed For Sale With $349K As Asking

Watering hole did $1.3 MM in sales pre-COVID, per the for-sale listing.
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The Arsenal bar and restaurant, at 12012 W. Pico Blvd, has been listed for sale. The 2,900-square-foot space is available “immediately” and owners are asking $349,000 in “key money” for a prospective buyer to take over the second-generation restaurant. Reps for The Arsenal on Tuesday did not immediately respond to a request for comment by What Now Los Angeles but a call to the restaurant leads to an answering service. “We’re closed,” the recording states directing callers to send an email.

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Rent for The Arsenal space is $11,618 per month excluding NNN, or triple-net, which is estimated to be an additional $1,000 monthly. NNN is a real estate term outlining the tenant’s promises to pay all the expenses of the property (think real estate taxes, building insurance, maintenance, etc.).

“Pre-COVID,” The Arsenal had clocked in annual sales of approximately $1,300,000, according to the listing. The current lease period runs until December 2024 and has a five-year renewal option. Parking in the rear can accommodate 15 cars.

Caleb J. Spivak

Caleb J. Spivak is the Founder of What Now Media Group, Inc. Check out our publications in your city: Atlanta, Chicago, Dallas, Denver, Houston, Las Vegas, Los Angeles, Miami, New York, Orlando, Philadelphia, Phoenix, San Diego, and San Francisco.
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Linnard Lane
Linnard Lane
11 months ago

It’s now sold to new owners who will be keeping the red room and expanding g it.

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