Se Connecter/S’inscrire
Votre courriel a été envoyé.
Royal Viking – 62 Units + Hotel License 220 S Alvarado St 59 Pièce Hôtel Los Angeles, CA 90057 17 236 750 $ CAD (292 148 $ CAD/Pièce) 7,41% Taux de capitalisation
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- 2024 gut renovation — 21 new units, all LAHD-registered
- By-right: +66 units AND +173 guestrooms (+58,885 SF)
- 10-year restaurant lease anchors commercial income
- Active hotel license — NOT under the Residential Hotel Ordinance
- Parking requirement already zeroed via AB 2097
- 7.41% in-place cap on $926,613 NOI, ~93.5% leased
Résumé de l'annonce
Royal Viking Apartments is a 62-unit mixed-use Westlake asset — 59 gut-renovated studios plus 3 commercial bays — offered at $12,500,000, a 7.41% in-place cap on $926,613 of net operating income, approximately 93.5% leased.
THREE PATHS TO VALUE: The asset pays as apartments today, carries a legitimate and active hotel license, and sits on a materially underbuilt 0.92-acre transit parcel — three distinct, non-exclusive ways to create value. It is offered and financed on its in-place residential rent roll; hotel and development scenarios are optionality on top.
TURN-KEY 2024 GUT RENOVATION: 21 new units created; all 59 residential units LAHD-registered and legal.
ACTIVE HOTEL LICENSE + RENT FLEXIBILITY: Legitimate, active hotel license with by-right transient hotel use. The property is NOT subject to the LA Residential Hotel Ordinance; rent stabilization applies only to stays beyond 30 days, as with any pre-1978 Los Angeles building. Seven non-RSO units.
MAJOR DEVELOPMENT UPSIDE: The R4-1 / C2-1 parcel carries an additional 66 dwelling units AND 173 guestrooms by-right (+58,885 SF) beyond what exists today, with required parking already zeroed via AB 2097 and up to 137 more units available via TOC Tier 3. No maximum height in the R4 zone.
DIVERSIFIED MIXED-USE INCOME: 59 studios plus 3 commercial bays anchored by a 10-year restaurant lease, with 47 parking spaces, a pool and a roof deck.
WESTLAKE LOCATION: 0.47 miles to the MacArthur Park Metro B/D station, minutes west of Downtown Los Angeles.
Offered individually or as part of a 7-asset Central-LA portfolio. Full OM, proforma, T-12 and rent roll available. Full co-broke offered.
THREE PATHS TO VALUE: The asset pays as apartments today, carries a legitimate and active hotel license, and sits on a materially underbuilt 0.92-acre transit parcel — three distinct, non-exclusive ways to create value. It is offered and financed on its in-place residential rent roll; hotel and development scenarios are optionality on top.
TURN-KEY 2024 GUT RENOVATION: 21 new units created; all 59 residential units LAHD-registered and legal.
ACTIVE HOTEL LICENSE + RENT FLEXIBILITY: Legitimate, active hotel license with by-right transient hotel use. The property is NOT subject to the LA Residential Hotel Ordinance; rent stabilization applies only to stays beyond 30 days, as with any pre-1978 Los Angeles building. Seven non-RSO units.
MAJOR DEVELOPMENT UPSIDE: The R4-1 / C2-1 parcel carries an additional 66 dwelling units AND 173 guestrooms by-right (+58,885 SF) beyond what exists today, with required parking already zeroed via AB 2097 and up to 137 more units available via TOC Tier 3. No maximum height in the R4 zone.
DIVERSIFIED MIXED-USE INCOME: 59 studios plus 3 commercial bays anchored by a 10-year restaurant lease, with 47 parking spaces, a pool and a roof deck.
WESTLAKE LOCATION: 0.47 miles to the MacArthur Park Metro B/D station, minutes west of Downtown Los Angeles.
Offered individually or as part of a 7-asset Central-LA portfolio. Full OM, proforma, T-12 and rent roll available. Full co-broke offered.
Faits sur la propriété
Commodités
- Piscine
- Commerce de détail sur place
- Accès Internet à haute vitesse
- Patio
- Accès Wi-Fi public
Pièce renseignements sur le mélange
| Description | Nombre de pièces | Taux quotidien | pi² |
|---|---|---|---|
| Guest Room | 59 | 150,30 $ CAD | - |
Très accessible à pied
80/100
Exceptionnellement adapté aux voitures
90/100
Transports en commun exceptionnels
100/100
Moyennement accessible en vélo
60/100
Impôts fonciers
| Numéro de lot | 5154-020-038 | Évaluation des bâtiments | 1 130 281 $ CAD |
| Évaluation du terrain | 11 302 832 $ CAD | Évaluation totale | 12 433 113 $ CAD |
Impôts fonciers
Numéro de lot
5154-020-038
Évaluation du terrain
11 302 832 $ CAD
Évaluation des bâtiments
1 130 281 $ CAD
Évaluation totale
12 433 113 $ CAD
1 de 46
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
Présenté par
Royal Viking – 62 Units + Hotel License | 220 S Alvarado St
Vous êtes déjà membre? Connectez-vous
Hmm, il semble y avoir eu une erreur lors de l’envoi de votre message. Veuillez réessayer.
Merci! Votre message a été envoyé.