It's curtains for the Fairfax Theater, which opened its doors in 1930 and sustained major damage during the recent rainstorms.
Regency Theaters, which operates the theater at Beverly Boulevard and Fairfax Avenue, says it has asked the property owner to terminate its lease, the Los Angeles times reported.
The Fairfax Theatre opened in 1932 with 1504 seats and only 1 auditorium. It was later converted into triplex with about 800 seats.
The rain damage was so extensive that it would not be economically feasible to reopen the landmark theater at Beverly Boulevard and Fairfax Avenue, according to a Regency quoted by The Times.