Ambassador Motel 7617 S Figueroa St 12 Pièce Hôtel Los Angeles, CA 90003 1 103 152 $ CAD (91 929 $ CAD/Pièce)

The property presents a compelling redevelopment and value-add investment opportunity in Los Angeles, California, with significant potential to capitalize on the area’s strong and growing demand for housing. Zoned LAC2 and situated on approximately 6,240 square feet of land, the property is currently improved with a 2,424-square-foot building and offers investors an attractive basis for future repositioning or redevelopment. The existing improvements consist of 12 one-bedroom/one-bathroom units that previously
operated as a motel. This existing unit configuration provides a potential foundation for a value-add strategy, while the property’s zoning and infill location create the opportunity to evaluate a more intensive redevelopment concept. An investor may have the potential to enhance the property’s value through renovation, repositioning, or redevelopment designed to better align the site with the area’s substantial housing demand. The property is particularly well positioned within a neighborhood experiencing meaningful investment and new housing development. Directly adjacent to the south is a newly constructed 35-unit senior housing project, while a planned 135-unit affordable housing development is proposed to the north. The concentration of housing development immediately surrounding the property provides a strong indication of sustained demand and continued investment in the area.