Active
507 S Spring
Los Angeles CA, 90013
$1/month
$0.00 per sqft
Active
1,030 sqft
Commercial
Listed by Bao Han with Urban Realty Group 408-505-5828
Presently an upscale tea beverage shop in super convenient location of DTLA. The new concept tea shop has been known as Cha Redefine and generated significant followers for high quality tea beverage in greater LA area. This is not a franchise opportunity so buyer can use different trade name other than the present trade name. The space was completely renovated in early 2021 to bring the highest quality craft and design to a beverage shop, and the complete built out is over 160k plus over 40k equipment included in the asking price. The existing lease is structured as NNN of $395/month and base rent of $4120/month with 3% increase annually, the last two months are rent free. Current lease will be expired on October 2025 with the option to extend additional 60 months (to 2031). This is truly a singular exceptional business opportunity for any beverage entrepreneurs/investors looking to expand their business in downtown LA.
AR24162680
MLSⓇ ID
August 28, 2024
Listed
December 5, 2024
Updated
Map
507 S Spring
Los Angeles CA, 90013
Interior Features
Total Stories
1
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.45 Acres
Lot Features
Near Public Transit, Street Level
Other Property Details
Area Name
C16 - Mid Los Angeles
Days on Market
98
Garage
No
View
No
County
Los Angeles
Water Source
Public
Pool
No
Listing Contact: 408-505-5828
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 12/5/2024 at 4:55 AM UTC