For Sale
$3,350,000

840 Spring St Los Angeles, CA 90014

Turnkey Restaurant, Iconic Building, High-Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional Downtown Los Angeles restaurant presents a unique investment opportunity. The 5,356 square foot, two-story building, constructed in 1966 and extensively renovated in 2016, boasts a prime location at the signalized corner of Spring and Main Streets. The property features a fully built-out restaurant with a bar and two outdoor patios, reflecting a significant investment in its build-out. The "Flat Iron" building's distinctive architecture adds to its appeal. Situated on a 3,180 square foot lot, the property is zoned LAC2. The asking price is $3,350,000, translating to $625.47 per square foot. This owner/user opportunity is ideal for an established restaurant operator seeking a high-visibility location or an investor looking for a turnkey operation in a thriving downtown area. The property's single building structure and convenient location offer significant advantages. This is a rare chance to acquire a well-established restaurant in a highly desirable and visible location.

Highlights

  • Unique Flatiron-shaped building in Downtown Los Angeles.
  • High-traffic location with excellent visibility.
  • Strong tenant base with long-term leases.
  • Significant upside potential for rental income.
  • Modern amenities and updated systems.
  • Prime location near major transportation hubs.

Property Details for 840 Spring St

Property type
Retail properties, Restaurants
Square Feet
5,356 SF
Year Built/Renovated
1966/2016
Buildings
1
Stories
2

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.042289109557
Longitude
-118.25442906217

FAQs

What type of property is this?
Retail property - Turnkey Restaurant, Iconic Building, High-Traffic Area
Where is the retail property located?
The property is located at 840 Spring St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Unique Flatiron-shaped building in Downtown Los Angeles.; High-traffic location with excellent visibility.; Strong tenant base with long-term leases.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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840 Spring St
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