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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

840 Spring St Los Angeles, CA 90014

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

This exceptional 5,356 square foot, second-generation restaurant and bar presents a unique investment opportunity in the heart of Downtown Los Angeles. Situated on a signalized corner at the intersection of Spring and Main Streets, this property boasts a prime location with high visibility and foot traffic. The space is currently configured as a fully operational restaurant and bar, requiring minimal capital investment to begin operations. The "Flat Iron" building is an iconic landmark, adding to the property's inherent appeal and brand recognition. The layout includes a spacious interior dining area, a fully equipped bar, and two inviting outdoor patios, perfect for expanding seating capacity and creating a vibrant atmosphere. The property is zoned LAC2, allowing for a variety of uses within the permitted zoning regulations. This turnkey operation eliminates the need for extensive renovations or build-outs, allowing for a swift and efficient transition to new ownership. The absence of any key money requirement further enhances the attractiveness of this exceptional offering. This is a rare opportunity to acquire a well-established, high-profile restaurant and bar in a thriving Downtown LA location. The property's size, location, and existing infrastructure make it an ideal investment for experienced restaurateurs or those seeking a profitable venture in a dynamic urban market. The building's iconic status and prime corner location ensure maximum visibility and accessibility for patrons. This is a truly exceptional opportunity not to be missed.

Property profile
Verified
Property type Retail properties & Spaces
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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