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New Gage Motel 6310 S Figueroa St 15 Room Hotel Los Angeles, CA 90003 $2,284,425 CAD ($152,295 CAD/Room)
INVESTMENT HIGHLIGHTS
- C2 Zoning – Flexible for multifamily, nonprofit housing, or future motel use
- Potential to reinstate motel operations (subject to city approval)
- Surrounded by major redevelopment and infrastructure investment
- Located in a high-demand rental market with strong tenant base
- Excellent opportunity for value-add or repositioning
EXECUTIVE SUMMARY
Elite Hospitality Advisors are presenting an excellent investment opportunity in South Los Angeles, a market poised for continued growth and redevelopment. This 15-unit property, formerly operated as a motel, offers significant potential for income-generating use or redevelopment.
While motel operations are currently not permitted, future operation may be possible subject to City approval. In the meantime, the existing unit layout is ideal for multi-residential rental, transitional housing, or leasing to non-profit organizations, which are highly active in the area.
Zoned C2, the property allows for a variety of commercial and residential uses. Located on a high-visibility corridor, it benefits from strong traffic flow, nearby amenities, and proximity to key infrastructure. The area continues to attract public and private investment, positioning this property for strong long-term upside.
All information is deemed reliable but not guaranteed. Buyers are advised to independently verify all details, zoning, and use with the City of Los Angeles.
Versatile property with redevelopment potential in a rapidly improving urban location.
While motel operations are currently not permitted, future operation may be possible subject to City approval. In the meantime, the existing unit layout is ideal for multi-residential rental, transitional housing, or leasing to non-profit organizations, which are highly active in the area.
Zoned C2, the property allows for a variety of commercial and residential uses. Located on a high-visibility corridor, it benefits from strong traffic flow, nearby amenities, and proximity to key infrastructure. The area continues to attract public and private investment, positioning this property for strong long-term upside.
All information is deemed reliable but not guaranteed. Buyers are advised to independently verify all details, zoning, and use with the City of Los Angeles.
Versatile property with redevelopment potential in a rapidly improving urban location.
PROPERTY FACTS
| Price | $2,284,425 CAD | Building Size | 4,119 SF |
| Price Per Room | $152,295 CAD | No. Rooms | 15 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1947 |
| Property Subtype | Hotel | Parking Ratio | 1.94/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.16 AC | ||
| Zoning | C2, Los Angeles - Buyers are advised to independently verify all details, zoning, and use with the City of Los Angeles. | ||
| Price | $2,284,425 CAD |
| Price Per Room | $152,295 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,119 SF |
| No. Rooms | 15 |
| No. Stories | 2 |
| Year Built | 1947 |
| Parking Ratio | 1.94/1,000 SF |
| Corridor | Exterior |
| Zoning | C2, Los Angeles - Buyers are advised to independently verify all details, zoning, and use with the City of Los Angeles. |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 15 | $109.38 CAD | - |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 6004-040-009 | Improvements Assessment | $967,353 CAD |
| Land Assessment | $963,500 CAD | Total Assessment | $1,930,853 CAD |
PROPERTY TAXES
Parcel Number
6004-040-009
Land Assessment
$963,500 CAD
Improvements Assessment
$967,353 CAD
Total Assessment
$1,930,853 CAD
CONTACTS
-
Heros Minasian -
Anush Kirakosyan -
Meghmick Hazarmaliyan -
KW Commercial Glendale
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New Gage Motel | 6310 S Figueroa St
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