2904 Washington Blvd - Hospitality FOR SALE


Marina Del Rey, CA 90292
$16,000,000 USD
310-874-6920
2904 Washington Blvd, Marina Del Rey, CA for Sale
$16,000,000 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

2904 Washington Blvd
Marina Del Rey, CA 90292


HIGHLIGHTS

  • Irreplaceable Venice/Marina Del Rey location
  • Walkable to Major Tourism Drivers
  • Surrounded by World Class Amenities
  • Strategic Proximity to Key Demand Drivers
  • Multiple Repositioning Pathways

OVERVIEW

The Jolly Roger Hotel offers investors a rare opportunity to acquire a hospitality asset in one of the most dynamic coastal submarkets in Los Angeles. Positioned at the southern gateway to iconic Abbot Kinney Boulevard, the property benefits from extraordinary visibility and proximity to one of the most vibrant lifestyle districts in Southern California. Having operated for decades under the same ownership as a classic budget hotel and not having undergone any significant modernization reflective of the area’s evolution, the asset is primed for a transformative reinvention under fresh ownership. The site offers flexible pathways ranging from a boutique hotel reimagining to a modernized mid scale concept, allowing investors to tailor the redevelopment strategy to their brand, operational thesis, and desired risk adjusted return profile. With the surrounding market achieving strong ADRs across boutique and lifestyle segments, the property stands well positioned to outperform dramatically once enhanced with updated design, amenities, and management practices. This unique convergence of location, market strength, and redevelopment potential positions the Jolly Roger Hotel as a standout opportunity for investors seeking a high impact value add play in one of the most coveted coastal markets on the West Coast.

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$647 USD /SF

# OF ROOMS

82

PRICE/ROOM

$195,122 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jolly Roger Hotel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1959

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

LAC2

APN/PARCEL ID

4237-026-015,4237-026-018,4237-026-019,4237-026-038,4237-026-042,4237-026-045

ASK ABOUT THIS PROPERTY

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310-874-6920

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310-874-6920

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