The property is connected to the best "Retail" area in Sofi Stadium and has an alley behind the building. The 4059 used to be a motel but is now leased for one year as a studio apartment, and 1236 was leased for one year as a warehouse. Development Summary: Asking: $5,500,000M ($257/SF) Lot size; 21,328 SF 100 guest rooms at +/- 70,000 SF floor area 1st Floor: Parking (70 spaces), service & entry 2nd Floor: Lobby, restaurant & bar lounge, gym, business center 3rd to 6th Floor: Guest rooms ( 25 guest rooms on each floor) After the Rams open, the value will be like Santa Monica, Beverly Hills, DTLA's South Park residential, Arts District, and Financial District area price. The rams are investing $5B, and the Clippers will invest $1.1B. The Forum invested $1B.