507 S Spring Los Angeles, CA ^$ 100,000

507 S Spring

^$ 100,000

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507 S Spring

Los Angeles, CA, 90013

^$ 100,000

Studio Baths0.0

Monthly Estimate*

^$ 699

Listed by Urban Realty Group

507 S Spring, Los Angeles, CA 90013 - Image 1

507 S Spring, Los Angeles, CA 90013 - Image 2

507 S Spring, Los Angeles, CA 90013 - Image 3

507 S Spring, Los Angeles, CA 90013 - Image 4

Studio

Commercial Property for sale in Los Angeles, CA

for $100,000.

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.

Commercial Active

Price

^$ 100,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

AR23213976

Days on Market

162

Features

Exterior

Inclusions all equipment leasehold improvement

Spa N

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

General

Exclusions Cha Redefine branding related inventories patent trademark etc.

Business Type FoodBeverage

Business Name Cha Redefine

County Los Angeles

New Construction N

Property Type BusinessOpportunity

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Status Active

Directions Intersection of S Spring St and W 5th St

City Los Angeles

View Y/N N

Senior Community Y/N N

MLS Area C16 - Mid Los Angeles

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Spring

Listing Terms Cash CashtoExistingLoan CashtoNewLoan Conventional

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N Y

Additional Parcels Y/N N

Leasable Area 1030.0

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 61

Building Area Units SquareFeet

Standard Status Active

Occupancy Description Owner

Total Actual Rent 49440.0

Ownership Type Corporation

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Electric On Property Y/N N

Internal Only

Street Number 1 507

* Excluded Features

List By

Urban Realty Group

Broker

(408) 505-5828

Phone

Affordability Calculator

$699

Per Month

Monthly Principal & Interest: $699
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,170,078

Percent of Sale Price 2,070%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/19/2023	$100,000		Listed Price

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507 S Spring, Los Angeles, CA, 90013 is a Commercial Property for sale at $100,000. 507 S Spring is a studio with 0.0 baths. The property's zip code is 90013 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/2024. 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, 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.

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507 S Spring

Commercial Property for sale in Los Angeles, CA

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