Majestic Crest Theater for sale

posted by eschavez2051 on April 27, 2009 at 9:45 am

LOS ANGELES, CA – The Majestic Crest Theater is for sale.
1262 Westwood Blvd., Los Angeles, CA 90024

Seller Will Finance!, Owner will Carry back a Note (AITD)!
Built by the wife of Henry Fonda.

Property Description:
One of the countries longest running and last single screen movie theatres. Westwood' s Crest Theatre was originally built as a live theatre in 1939 by Frances Seymour Fonda, wife of Henry Fonda and mother of Peter and Jane Fonda. This unique venue is known for its landmark, hand painted murals depicting establishments from Westwood and Hollywood during the 1940s, and its ceiling’s starlight' s that are celestially accurate the theater is currently operated by the existing owner, who would consider leasing back and continuing to operate the theater after a sale.

Location Description:
Centrally located on Westwood Blvd. Located in the northern central portion of Los Angeles' West Side, Westwood is bordered by Brentwood on the west, Bel-Air on the north, Century City and Beverly Hills on the east, West Los Angeles on the southwest, Rancho Park on the southeast, and Sawtelle on the south and southwest, near Los Angeles National Cemetery, Westwood Park, shopping stores, restaurants and minutes away from the 405 freeways exit off Wilshire Blvd. The district’s boundaries are generally considered to be Santa Monica Blvd. (or Olympic Blvd. and, by some, Pico Blvd.) on the southeast, the city limits of Beverly Hills on the northeast, and Sunset Boulevard on the north; its southwestern boundary is the San Diego Freeway between Santa Monica and Wilshire Boulevards, and Veteran Avenue between Wilshire and Sunset.

Loan Description:
Loan Amount: $4,750,000.00 Down payment: $712,500.00 (15%).
Total amount financed:$4,037,500.00 Payment amount: $23,690.15
Interest rate:5.800 % In 10 years.

email at: for a detail packet.

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