Entertainment
Hollywood's Yamashiro Restaurant Up for Sale for $100 Million
The site of Hollywood's iconic Yamashiro restaurant and its surrounding 7.3-acre property, dubbed “Hollywood Mountain,” are on the market with an asking price of $100 million.
The Japanese restaurant, owned by the company of producer and nightlife impresario Elie Samaha, has appeared in dozens of films, including “Sayonara,” “Memoirs of a Geisha,” “Kill Bill,” “Gone in 60 Seconds,” “Blind Date” and “Teahouse of the August Moon,” as well as numerous television shows.
Avison Young is the broker for the property, which is listed on the National Register of Historic Places.
Peter Sherman, Avison Young’s principal and head of U.S. capital markets, said the site could be developed in a variety of ways, likely at low density, with possible uses such as a museum, foundation, private family compound or resort. “Everybody knows about the Japanese villa. But this site is not just about the villa, it’s about more than three acres,” Sherman said.
“There are a variety of opportunities, depending on the vision,” he said.
As a historic site, the 20,432-square-foot building built as a private residence in 1914 will be protected, Sherman said. The property also includes a small residential complex.
As for the Yamashiro restaurant, “the restaurant is doing exceptionally well,” Sherman said. The restaurant’s operators could sign a long-term lease and continue operations with the property’s new owners, or the buyers could decide on another use. “All options are on the table,” Sherman said.
The team responsible for the listing of Samaha's Samaka LLC is comprised of Sherman, Managing Director Chris Bonbright and Director Chase Gordon.
Up to 280,000 square feet of additional development could be added to the property, which also includes a Japanese garden and a 600-year-old pagoda.
“It’s extraordinarily unique to find something like this in the heart of the city. It’s incredibly serene and private,” Sherman said.
A recent report stated that Samaha was interested in purchasing the Dolby Theatrewhich hosts the Oscars ceremony, as part of an investment consortium.
The adjacent 3.27-acre Magic Castle property sold for $50 million in 2022 to video game entrepreneur Randy Pitchford.
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