1194 E 35th St - Hospitality FOR SALE


Los Angeles, CA 90011- Southeast Los Angeles
$2,399,000 USD
323-376-2469
1194 E 35th St, Los Angeles, CA for Sale
$2,399,000 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

1194 E 35th St
Los Angeles, CA 90011
Southeast Los Angeles


OVERVIEW

Julian Bloch & Andres Diaz of Kingside Investment group are proud to present The King Junior Hotel a well-maintained residential hotel situated on approximately 9,726 square feet (0.22 acres) in South Los Angeles. The property features thirty-five (35) total units, comprised of thirty-four (34) bachelor units, each with private bathrooms, and one (1) one-bedroom, one-bath manager’s unit. Unlike many traditional SRO (Single Room Occupancy) buildings that offer only shared facilities, each unit at the King Junior Hotel includes its own private bathroom, a highly desirable feature among residents seeking affordable yet comfortable housing. The property also benefits from an on-site laundry room, generating additional income for ownership. A savvy investor has the opportunity to further enhance revenue through improved management, rent optimization, adding new laundry machines, surcharges for parking etc.

FOR SALE DETAILS

PRICE

$2,399,000 USD

PRICE/SF

$209 USD /SF

# OF ROOMS

36

PRICE/ROOM

$66,639 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

King Junior Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R2

APN/PARCEL ID

5114-030-008,5114-030-032

ASK ABOUT THIS PROPERTY

Andres DiazKW CommercialMore Info
323-376-2469

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Andres DiazKW CommercialMore Info
323-376-2469

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