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422 Ord

Home > 422 Ord

Building Name: 422 Ord St


422 Ord St

Description of Building:
 $55,000 key money reductions!! Now only $27,500! Great restaurant opportunity in the heart of Chinatown! This corner restaurant space gets incredible drive-by visibility on Hill Street!  Previous restaurant owner retired, but business was good and they were very popular!  People keep showing up to eat when I’m at the space!  Was previously a pho restaurant concept!  Has two public restrooms and one employee restroom.  Tons of equipment included!  Has existing hood, and grease trap. Also has fryer, gas stove, large walk-in freezer, and much more.  There’s a large storage area.  Appears to have all the necessary sink to maintain health permits.  The building has parking in the back that’s shared with the second floor office spaces.  There’s a total of five spaces (ten if tandem) Available.  The building next to the garage also has plenty of parking in the lot behind it!  Space has central HVAC!  There are currently dropped ceilings in the dining area but new tenant is welcome to remove them and expose the wood ceiling.  Space gets tons of natural light!  Possible to apply for beer, wine, and liquor license and appropriate permits.  Excellent opportunity to get into a restaurant space in Downtown LA!  If you’ve been looking, you know that restaurant space with existing vent, and hood is very hard to come by! Most of the time you have to buy the business for around $300,000!!  This space owner is only asking $27,500 for key money.  Modified gross lease so tenant pays for rent and utilities, no CAM or NNN fees!  Take this off the market now before it’s too late!  Scheduling appointments to tour now, give us a call!

Description of Unit: 420 Ord St

Rental Rate: $4,000 Monthly
Space Available: 1,700 SF
Space Type: Restaurant
Lease Type: Modified Gross
Date Available:

Photos of Unit: 422 Ord St

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453 S. Spring St Suite 818

Los Angeles, CA 90013

United States

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