840 Spring St Los Angeles, CA 90014
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.
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Polanquito Restaurant
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Polanco DTLA Modern Mexican Steakhouse Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.