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- LoopNet Team
626 S Spring St
Los Angeles, CA 90014
The Falls Lounge Type 48 license · Property For Lease
·
45,396 SF
HIGHLIGHTS
- Entitled bar with live entertainment
- Fully improved and operational
- Type 48
- Busy stretch
ABOUT THE PROPERTY
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.
PROPERTY FACTS
| Property Type | Multifamily | Building Size | 45,396 SF |
| Property Subtype | Apartment | Year Built | 1912 |
| Apartment Style | Mid-Rise |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Size | 45,396 SF |
| Year Built | 1912 |
