It’s been less than a year since Steve Edelson became an owner of the former La Parrilla Restaurant building at the corner of Sunset Boulevard and Westerly Terrace. A lot has happened since the two-story brick building, which includes 10 apartments. sold for $1.3 million last October, including the opening of the new El Diablo Urban Taco Fabricators and a new black and white color scheme. Now, apparently Edelson and partners are looking to cash in on the property, putting it up for sale at an asking price of $2.99 million, according to LoopNet.
The property also includes a 10-space parking lot on the same block. The marketing materials say rents range from $474.61 for a studio apartment to $8,000 for the restaurant space (How many tacos do you need to sell to break even at these rents?)
The La Parrilla building was purchased only a few months after Edelson took over the Los Globos nighclub across the street.