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Cara Hotel & Cara Restaurant 1730 Western Ave 60 Room Hotel Los Angeles, CA 90027 $62,205,749 CAD ($1,036,762 CAD/Room) 7.78% Cap Rate
Investment 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.
- Strong In-Place Cash Flow with Value-Add Upside — lear pathways to enhance yield through events, ancillary revenue, occupancy, and rate.
- Premier Los Feliz Location at the Center of LA's Top Demand Drivers — Hollywood, Silver Lake, and Griffith Park, Hollywood Bowl, Greek, Dodger Stadium
- Fee Simple, Unencumbered & Non-Union — Offered free of brand and management obligations, providing maximum flexibility for a new operator or owner.
- Award-Winning Food & Beverage Platform — Cara Restaurant operates as a standalone demand generator, attracting notable clientele.
- High-Barrier-to-Entry Submarket with Constrained Supply — Minimal new hotel construction in area, protecting rate integrity and market positition.
Executive Summary
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.
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.
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.
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.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $62,205,749 CAD | Building Size | 17,286 SF |
| Price Per Room | $1,036,762 CAD | No. Rooms | 60 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 7.78% | Year Built/Renovated | 1947/2021 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.08/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 0.77 AC | ||
| Zoning | LAR3 - The asset clears on its hospitality cash flow. The ARO entitlement overlay separates this corridor parcel from a comparable boutique hotel. See OM. | ||
| Price | $62,205,749 CAD |
| Price Per Room | $1,036,762 CAD |
| Sale Type | Investment |
| Cap Rate | 7.78% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.77 AC |
| Building Size | 17,286 SF |
| No. Rooms | 60 |
| No. Stories | 2 |
| Year Built/Renovated | 1947/2021 |
| Tenancy | Single |
| Parking Ratio | 2.08/1,000 SF |
| Corridor | Exterior |
| Zoning | LAR3 - The asset clears on its hospitality cash flow. The ARO entitlement overlay separates this corridor parcel from a comparable boutique hotel. See OM. |
Amenities
- Controlled Access
- Restaurant
- Room Service
- Wheelchair Accessible
- On-Site Retail
- On-Site Bar
- Wedding Venue
- Public Access Wifi
- Smoke-Free
- Fiber Optic Internet
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $439.59 CAD | - |
| Guest Room | 58 | $329.00 CAD | - |
1 1
Very walkable
80/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5544-007-026 | Improvements Assessment | $2,788,061 CAD (2025) |
| Land Assessment | $22,973,890 CAD (2025) | Total Assessment | $25,761,951 CAD (2025) |
Property Taxes
Parcel Number
5544-007-026
Land Assessment
$22,973,890 CAD (2025)
Improvements Assessment
$2,788,061 CAD (2025)
Total Assessment
$25,761,951 CAD (2025)
Contacts
-
Brad McCoy -
Conor Halloran -
Dylan Mahood -
Lee & Associates, Los Angeles West, Inc
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Cara Hotel & Cara Restaurant | 1730 Western Ave
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