203 W 7th Street, Los Angeles, CA 90014
Business
Sold March 2024
Listing Agent: Sitong Liu (DRE #02038481) · Listing Office: CBD Investment Inc T.C. · Contact: 626-238-8968 · Bought with: General NONMEMBER · NONMEMBER MRML · MLS #AR23186925 · Source: CRMLS
About this business
Nestled in the heart of Downtown LA, the establishment has been a thriving presence since its inception in 2017. Situated at a prime location on 7th Street, enjoy proximity to the renowned shopping haven, The Bloc, making it a hotspot for shoppers seeking a delightful respite. Furthermore, the strategic location is just a leisurely stroll away from the Metro station, providing easy access for both locals and tourists. Speaking of tourists, the neighborhood is dotted with attractions such as The Last Bookstore, The Los Angeles Theatre Center, Angels Flight Railway, and the vibrant Grand Central Market. These iconic destinations draw a steady stream of visitors, adding to the bustling energy of the area. Additionally, it is conveniently adjacent to the Financial District, ensuring a steady flow of professionals and business enthusiasts through that door. With ample foot traffic and a diverse demographic, the location offers unparalleled business potential. Monthly rent is only $2,800, including NNN, making it an economically attractive opportunity. Two years remaining on the lease and an additional five-year option to extend, providing stability and flexibility to prospective tenants. Spanning 500 SF with an additional 100 SF of storage space upstairs, the interior exudes charm and character, creating a welcoming ambiance for patrons. The aesthetics are nothing short of delightful, enhancing the overall customer experience. This establishment in Downtown LA is a gem waiting to be discovered. The combination of a prime location, a wealth of nearby attractions, and an attractive lease arrangement make this an enticing opportunity for entrepreneurs and businesses alike. Don't miss the chance to become a part of our vibrant and thriving community!
Listing description from the March 2024 sale, as reported to CRMLS.
Sale history