451 E Vernon Ave - Hospitality FOR SALE


Los Angeles, CA 90011- Vernon-Main
$3,900,000 USD
323-317-6338
451 E Vernon Ave, Los Angeles, CA for Sale
$3,900,000 USD
Hospitality - FOR SALE
1/71
null | Request Cap Rate

451 E Vernon Ave
Los Angeles, CA 90011
Vernon-Main


OVERVIEW

The Vernon Motel presents a rare opportunity to acquire a 14-unit motel with (8-rooms with 2-beds and 6 rooms singles beds) property -two contiguous parcels in South Los Angeles, the sale includes APN:5113-015-007 and 5113-015-006, with frontage on Vernon Blvd, and includes approx 2200+ sq house. LAC2 zoned asset is strategically located near major industrial and employment corridors surrounded by highly dense populations and could appeal to hospitality investors, owner-users, and value-add operators. Surrounded by neighborhood retail, local services, entertainment venues, Downtown Los Angeles, and all major freeways 10,110 and 101.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$1,163 USD /SF

# OF ROOMS

13

PRICE/ROOM

$300,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vernon Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

LAC2

APN/PARCEL ID

5113-015-007

ASK ABOUT THIS PROPERTY

Pankaj PatelT.N.G. Real Estate ConsultantsMore Info
323-317-6338

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Pankaj PatelT.N.G. Real Estate ConsultantsMore Info
323-317-6338

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