1256 W 7th St - Hospitality FOR SALE
Los Angeles, CA 90017 |
1256 W 7th St
Los Angeles, CA 90017
HIGHLIGHTS
- Major Gateway Market (Los Angeles)
- Discount to Replacement Cost - Low Basis ($237k/room) for Major Metro Market
- Major Renovation Completed / Only Superficial Value-Add Required - $37 million renovation completed from 2018 to 2019
- Irreplaceable 1926 Building & Renaissance Revival Architecture
- Fee Simple, Unencumbered by Management or Brand, Non-Union
- Positive Market Trends - Downtown Hotel Market Improving Rapidly
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
The Mayfair Hotel
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
160694
STORIES
15
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1926
PARKING SPACES
183
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
C4(CW)-Commercial
APN/PARCEL ID
5143-012-900
