1042 N Wilcox Ave - Hospitality FOR SALE


Los Angeles, CA 90038- Hollywood
$4,500,000 USD
310-666-5837
1042 N Wilcox Ave, Los Angeles, CA for Sale
$4,500,000 USD
Hospitality - FOR SALE
1/15
null | 7.9% Cap Rate

1042 N Wilcox Ave
Los Angeles, CA 90038
Hollywood


OVERVIEW

Michael Kamara of Lyon Stahl is pleased to present 1042 Wilcox Ave, a fully vacant 38 unit apartment building located in the heart of Hollywood, a highly desirable neighborhood in Los Angeles, California. The property offers flexibility to operate as a hotel or multifamily building, with potential for short-term rentals. Built in 1928, the property consists of (38) bachelor units. The building is 9,880 gross square feet and sits on a 6,131 square foot lot. Nestled in the heart of Hollywood, 1042 Wilcox Ave offers residents a vibrant Los Angeles lifestyle surrounded by entertainment, dining, and culture. Just minutes from the Hollywood Walk of Fame and the Pantages Theatre, this property places tenants at the center of LA’s most iconic neighborhood. With a Walk Score of 95, residents enjoy easy access to trendy cafés, popular restaurants, boutique shopping, and nightlife hotspots, as well as nearby destinations like Griffith Park and Sunset Boulevard. Combining a prime Hollywood location with excellent connectivity, 1042 Wilcox Ave delivers the ideal mix of convenience, culture, and lifestyle that makes this area highly attractive to renters seeking the quintessential Los Angeles experience.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$455 USD /SF

# OF ROOMS

38

PRICE/ROOM

$118,421 {currency}

CAP RATE

7.9%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

El Nido Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5533-014-019

ASK ABOUT THIS PROPERTY

Michael KamaraLyon Stahl Investment Real EstateMore Info
310-666-5837

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Michael KamaraLyon Stahl Investment Real EstateMore Info
310-666-5837

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.