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626 S Spring St
Los Angeles, CA 90014

$5,957 USD/MO

Apartments For Lease  •  1,932 SF

Property Details

  • Property Type Apartments
  • Year Built 1912
  • Total Building Size 45,396 SF
  • Building Class B
  • Zoning C2
100 Transit Score
98 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste ground Retail 1,932 SF $37.00 USD/SF/YR 
-Size: 1,932 SF
-CUB: Type 48 allows live entertainment
-Limited to indoors - DJ or up to four musicians, a jazz trio, or ambient music. Karaoke permitted. 
-Hours: 11am-2:00 am daily
-80 indoor patrons and 23 outdoor patrons
-Lease rate: $6k/mo
-Term: negotiable

  • Date available: Now
  • Lease term: 5 - 10 Years
  • Service type: To Be Determined
  • Built out as: Drinking Establishment
  • Space Type: Relet

Description 

URBANLIME Real Estate is pleased to present the opportunity to acquire 626 S Spring St. The asset is situated in DTLA along busy Spring St, near many restaurants, bars and retailers. Operators will benefit from strong day and nighttime populations,as well as many residents and hotel guests. Nearby attractions include the Broad, MOCA, The Los Angeles Theatre, Clifton's, the Freehand Hotel the Hoxton Hotel and the Proper Hotel among many others create a large draw to the area. Neighboring tenants include Exchange LA, Guisado’s, Tacos 1986, Blu Jam Café, Tierra Mia Coffee,Verve Coffee, Starbucks, Silverlake Ramen, Joe’s Pizza & more!

This is an asset sale which includes the Type 48 liquor license and a lease at $6k/mo on a modified gross basis. Asking price $340k.

Highlights

Entitled bar with live entertainment
Type 48
Fully improved and operational
Busy stretch

Property Flyers

Amenities

  • Air Conditioning
  • Laundry Facilities
  • Heating
  • Vaulted Ceiling
  • High Speed Internet Access
  • Refrigerator
  • Views
  • Roof Terrace
  • Lounge

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 3 min - 1.4 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 5 min - 1.7 mi
Transit/SubwayDriveWalkDistance
Pershing Square Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 8 min 0.4 mi
7Th Street/Metro Center Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro), Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro), Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 10 min 0.5 mi
Historic Broadway Station (Metro A-Line - Metro - Los Angeles, Metro E-Line - Metro - Los Angeles) 1 min 12 min 0.6 mi
Grand Ave Arts / Bunker Hill Station (Metro A-Line - Metro - Los Angeles, Metro E-Line - Metro - Los Angeles) 2 min 16 min 0.9 mi
Civic Center/Grand Park (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 17 min 0.9 mi
AirportDriveWalkDistance
Los Angeles International 25 min - 15.0 mi
Bob Hope 25 min - 17.8 mi
Long Beach (Daugherty Field) 31 min - 22.4 mi
Lorena Tomb Reed 213-277-7247 Urbanlime Real Estate
Lorena Tomb Reed 213-277-7247 Urbanlime Real Estate