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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

840 Spring St Los Angeles, CA 90014

5,356 SF Built 1966
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1966
Total area 5,356 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Polanquito Restaurant
  • Polanco DTLA Modern Mexican Steakhouse Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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