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507 S Spring, Los Angeles, CA 90013
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507 S Spring Los Angeles, CA 90013

$100,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$100,000 Get Pre-Qualified
Map preview of 507 S Spring, Los Angeles, CA 90013

Property Overview: 507 S Spring Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and -- square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Bao Han | BRE #01932060 | Urban Realty Group
Last checked: 7 minutes ago | Last updated: January 20th, 2024 | Source CRMLS | DOM: 156

Home details

Lot Sq. Ft
--
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Business
Status
Active
MLS#
AR23213976
City
Los Angeles
County
Los Angeles
Time on Site
181 days

Open Houses for 507 S Spring

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Property Details for 507 S Spring

Lot Details / Garage and Parking
Property Information
  • Offered With Property: all equipment, leasehold improvement
Location / Neighborhood
Location Information
  • Directions: Intersection of S Spring St and W 5th St
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Sale History for 507 S Spring

View property's historical transactions

  • January, 2024

  • Jan 6, 2024

    Date

    Expired

    CRMLS: AR23120531

    $150,000

    Price

  • Jul 6, 2023

    Date

    Active

    CRMLS: AR23120531

    $150,000

    Price

  • Listing provided courtesy of CRMLS

  • November, 2023

  • Nov 19, 2023

    Date

    Active

    CRMLS: AR23213976

    $100,000

    Price

  • January, 2023

  • Jan 1, 2023

    Date

    Expired

    CRMLS: AR22057286

    $120,000

    Price

  • Mar 23, 2022

    Date

    Active

    CRMLS: AR22057286

    $200,000

    Price

  • Listing provided courtesy of CRMLS

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Tax History for 507 S Spring

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

507 S Spring is listed 92% lower than the median list price for the city of Los Angeles which has a median list price of $1,250,000.

About 507 S Spring

Detailed summary of property

507 S Spring is a business located in Los Angeles, CA 90013 and is currently for sale. This business offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately -- square foot lot. 507 S Spring was first listed on ArdentRealEstateGroup.com on November 19, 2023. The homeowner is currently asking $100,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 92% lower than the median priced home. Local competing homes currently for sale include 11883 Del Amo Blvd, 1008 Alamitos Ave and 15466 Whittier Blvd #8. While the average home in Los Angeles, CA is selling in 92 days, 507 S Spring has a days on market of 156 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 507 S Spring Los Angeles, CA 90013 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 507 S Spring

Public county record property details
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The source for these homes facts are from public records.

90013 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$593,000
Median List Price/Sq.Ft.
$769
Median Sold Price
$425,000
Median Sold Price/Sq.Ft.
$644
Total Inventory
64
Median Sale to List Price %
89.47%
Avg Days on Market
58
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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