285 Lucas Ave - Hospitality FOR SALE


Los Angeles, CA 90026- City West
$10,900,000 USD
818-339-6506
285 Lucas Ave, Los Angeles, CA for Sale
$10,900,000 USD
Hospitality - FOR SALE
1/27
null | 6.7% Cap Rate

285 Lucas Ave
Los Angeles, CA 90026
City West


HIGHLIGHTS

  • Fee Simple Ownership: A rare opportunity to own a boutique hotel in the rapidly expanding Downtown Los Angeles hospitality market
  • Prime Location: Ideally situated near Downtown LA, Echo Park, and Silverlake, an access to top entertainment, dining, and cultural attractions
  • Newly Built & Turnkey: Completed in 2021, The Metric features modern, high-end facilities requiring minimal capital investment
  • Unrivaled guest acclaim - top 1% in guest satisfaction scores across all platforms
  • The Metric has been featured in various media; won numerous awards over the years, including TripAdvisor Traveler's Choice & AAHOA Independent Hotel

OVERVIEW

The Nevarez Group of Marcus & Millichap is proud to exclusively represent the ownership of The Metric Hotel, a truly extraordinary fee simple boutique hotel situated in the heart of Downtown Los Angeles. Built in 2021, The Metric is a 28- key property designed to meet the needs of the modern traveler. Offering guests a premium, smart-rate experience, The Metric seamlessly blends style, comfort, and convenience, setting a new standard for boutique hospitality. Located just minutes from Downtown Los Angeles’ most iconic attractions, vibrant neighborhoods, and cultural landmarks, The Metric is uniquely positioned to benefit from the ongoing growth and redevelopment of the area. From local cuisine to world-class venues, the surrounding area’s dynamic character makes this property a standout investment opportunity. To access the full Offering Memorandum, please contact me directly via email to request the NDA. Upon receipt of a fully executed NDA, I will promptly provide the Offering Memorandum.

FOR SALE DETAILS

PRICE

$10,900,000 USD

PRICE/SF

$755 USD /SF

# OF ROOMS

28

PRICE/ROOM

$389,286 {currency}

CAP RATE

6.7%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Metric

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2021

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

Central City West RC:5

APN/PARCEL ID

5153-028-002

ASK ABOUT THIS PROPERTY

Eddy NevarezMarcus & MillichapMore Info
818-339-6506

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Eddy NevarezMarcus & MillichapMore Info
818-339-6506

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