Property summary
This exceptional 2,137 square foot restaurant space is located in the heart of Downtown Los Angeles' South Park neighborhood, within "The Shops @ Evo," the ground floor retail condominium of the LEED-certified Evo building. This single-tenant space boasts a prime location, offering unparalleled convenience and sophistication. Situated within a luxury residential building, it benefits from a built-in clientele of discerning residents. The space is fully equipped and ready for immediate operation, including a fully stocked bar and top-of-the-line kitchen facilities. An outdoor patio adds to the appeal, with occupancy permits for 78 inside and 32 on the patio. A full liquor license is available. The property enjoys exceptional proximity to major attractions, including Crypto.com Arena, L.A. LIVE, the L.A. Convention Center, and the proposed Farmers Field Football Stadium. It's also conveniently located near the Metro Expo Line and numerous hotels and residential developments, ensuring a high volume of potential customers. With 14 million annual visitors to the South Park area, this presents a rare opportunity to establish a thriving culinary business in a dynamic and high-demand location. The building itself is a 24-story, 311-unit luxury residential complex completed in 2008. The surrounding area is experiencing significant growth, with thousands of new residential units and hotel rooms under construction within a short radius.
Property profile
VerifiedCap rate & NOI
Current use
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Marketing & Advertising (Bike/Boat/Book/etc) Store
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Marketing & Advertising Printing Service
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Travel Agency Tour Operator
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Corporate Office
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
LAR5 · Los Angeles, CAZoning
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Zoning designation
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