1042 N Wilcox Ave - Hospitality FOR SALE


Los Angeles, CA 90038- Hollywood
$3,600,000 USD
310-666-5837
1042 N Wilcox Ave, Los Angeles, CA for Sale
$3,600,000 USD
Hospitality - FOR SALE
1/19
null | 9.89% Cap Rate

1042 N Wilcox Ave
Los Angeles, CA 90038
Hollywood


OVERVIEW

1042 Wilcox Ave, a FULLY VACANT 38 unit apartment building located in the heart of Hollywood, a highly desirable neighborhood in Los Angeles, California. Cap rate and GRM are based on the post rennovation scheduled income of the property. 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.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$364 USD /SF

# OF ROOMS

38

PRICE/ROOM

$94,737 {currency}

CAP RATE

9.89%

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.