1730 Western Ave - Hospitality FOR SALE


Los Angeles, CA 90027- Thai Town
$45,000,000 USD
310-418-1692
1730 Western Ave, Los Angeles, CA for Sale
$45,000,000 USD
Hospitality - FOR SALE
1/15
null | 7.78% Cap Rate

1730 Western Ave
Los Angeles, CA 90027
Thai Town


HIGHLIGHTS

  • An award-winning, 60-key boutique hotel with a critically acclaimed restaurant — nestled in the foothills of Griffith Park, in the heart of LA.
  • Fee Simple, Unencumbered & Non-Union — Offered free of brand and management obligations, providing maximum flexibility for a new operator or owner.
  • Strong In-Place Cash Flow with Value-Add Upside — lear pathways to enhance yield through events, ancillary revenue, occupancy, and rate.
  • Award-Winning Food & Beverage Platform — Cara Restaurant operates as a standalone demand generator, attracting notable clientele.
  • Premier Los Feliz Location at the Center of LA's Top Demand Drivers — Hollywood, Silver Lake, and Griffith Park, Hollywood Bowl, Greek, Dodger Stadium
  • High-Barrier-to-Entry Submarket with Constrained Supply — Minimal new hotel construction in area, protecting rate integrity and market positition.

OVERVIEW

Lee & Associates Los Angeles West, Inc. has been exclusively retained to offer for sale the fee simple interest in the Cara Hotel, a recently repositioned, award-winning 60-key boutique hotel with a critically acclaimed on-site restaurant, Cara Restaurant. Nestled in the foothills of Griffith Park in the heart of Los Feliz — one of Los Angeles' most sought-after neighborhoods — the Hotel embodies California through thoughtful design, breezy patios, and private courtyard balconies that blur the line between indoor and outdoor living. Following a 2018 acquisition at $16.5 million ($275K per key), the Property underwent a comprehensive $17.8 million renovation ($297K per key) that took the asset down to the studs before reopening in September 2020 as a premier luxury-lifestyle destination. The offering is fully unencumbered of brand and management, with a non-union workforce — providing maximum flexibility for a new owner. Pricing expectation is in the mid-$40 millions.

FOR SALE DETAILS

PRICE

$45,000,000 USD

PRICE/SF

$1,384 USD /SF

# OF ROOMS

55

PRICE/ROOM

$818,182 {currency}

CAP RATE

7.78%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cara Hotel & Cara Restaurant

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1947

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,366 SF

ZONING

LAR3

APN/PARCEL ID

5544-007-026

ASK ABOUT THIS PROPERTY

Brad McCoyLee & Associates, Los Angeles West, IncMore Info
310-418-1692

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Brad McCoyLee & Associates, Los Angeles West, IncMore Info
310-418-1692

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