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Housing/Hospice/Medical/School - Vacant 8301 S Figueroa St 19 Pièce Hôtel Los Angeles, CA 90003 2 257 120 $ CAD (118 796 $ CAD/Pièce)
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Faits saillants de l'investissement
- Ready to Go - Extensive Remodeling to Current Status - Vacant Building
- Previously Used for Medical/Rehabilitation
- High Visibility Corner Lot on Figueroa with Sign for Name of Business
- Potential Uses Include: Hospice, Medical, School, Permanent Housing, Hostel
- Potential Tax Credits -Seller has owned for 10 Plus Years
Résumé de l'annonce
JUST REDUCED $500,000 FROM $2,100,000 TO THE CURRENT $1,600,000.
OPEN HOUSE - BECAUSE OF REQUESTS TO VIEW THE INTERIOR OF THE PROPERTY, AN OPEN HOUSE IS SCHEDULED FOR WEDNESDAY, JULY 1, 2026, FROM 11:00 AM TO 12 PM. PLEASE ADVISE IF YOU ARE INTERESTED IN BEING PRESENT. NOTE: ALL BUYERS MUST ADVISE PRIOR TO THE SHOWING WHERE THE PATHWAY TO FUNDS TO CLOSE ESCROW WILL COME FROM
SELLER IS COMMITTED TO SELLING THE PROPERTY AND WILL REVIEW OFFERS FROM QUALIFIED/VETTED BUYERS (EVIDENCE OF FINANCES OR PATHWAY TO FINANCING SHOWN TO SELLER WITH OFFER)..
The Story:
Initially, the New Bay Motel, the City of Los Angeles forced the Seller to close as a Motel in late 2024. All signage was removed. A nonprofit leased the hotel and made conversions to accommodate its desire for permanent residency. Several upgrades were made to the interior and electrical system. Unfortunately, the nonprofit, after paying over $200,000 in lease payments and upgrading the property for its intended use, lost its funding and was forced to vacate. Now vacant, the Property is now exclusively listed for sale.
Changes and Current Interiors
Per ZIMAS in 2023, the New Bay Hotel consisted of 21 rooms and 21 bathrooms. The tenant converted the property to what it now is – 7 large rooms with 1 dedicated community bathroom/shower area on the ground floor comprised of 6 individual shower areas. 6 sinks and 6 toilet stalls (please see photos). Much was spent by the tenant to convert the property with the promise that at the end of the lease, the Property would be reverted back to its original 21 rooms. The tenant has declared bankruptcy and is not able to do as promised.
Each room was remodeled with wood vinyl floors and attractive paint. None of the 7 individual rooms has a restroom
Protection of Investment:
To protect the property, the Seller has installed exterior perimeter gates and has hired a security guard during the evenings.
OPEN HOUSE - BECAUSE OF REQUESTS TO VIEW THE INTERIOR OF THE PROPERTY, AN OPEN HOUSE IS SCHEDULED FOR WEDNESDAY, JULY 1, 2026, FROM 11:00 AM TO 12 PM. PLEASE ADVISE IF YOU ARE INTERESTED IN BEING PRESENT. NOTE: ALL BUYERS MUST ADVISE PRIOR TO THE SHOWING WHERE THE PATHWAY TO FUNDS TO CLOSE ESCROW WILL COME FROM
SELLER IS COMMITTED TO SELLING THE PROPERTY AND WILL REVIEW OFFERS FROM QUALIFIED/VETTED BUYERS (EVIDENCE OF FINANCES OR PATHWAY TO FINANCING SHOWN TO SELLER WITH OFFER)..
The Story:
Initially, the New Bay Motel, the City of Los Angeles forced the Seller to close as a Motel in late 2024. All signage was removed. A nonprofit leased the hotel and made conversions to accommodate its desire for permanent residency. Several upgrades were made to the interior and electrical system. Unfortunately, the nonprofit, after paying over $200,000 in lease payments and upgrading the property for its intended use, lost its funding and was forced to vacate. Now vacant, the Property is now exclusively listed for sale.
Changes and Current Interiors
Per ZIMAS in 2023, the New Bay Hotel consisted of 21 rooms and 21 bathrooms. The tenant converted the property to what it now is – 7 large rooms with 1 dedicated community bathroom/shower area on the ground floor comprised of 6 individual shower areas. 6 sinks and 6 toilet stalls (please see photos). Much was spent by the tenant to convert the property with the promise that at the end of the lease, the Property would be reverted back to its original 21 rooms. The tenant has declared bankruptcy and is not able to do as promised.
Each room was remodeled with wood vinyl floors and attractive paint. None of the 7 individual rooms has a restroom
Protection of Investment:
To protect the property, the Seller has installed exterior perimeter gates and has hired a security guard during the evenings.
Faits sur la propriété
Pièce renseignements sur le mélange
| Description | Nombre de pièces | Taux quotidien | pi² |
|---|---|---|---|
| Guest Room | 19 | 101,57 $ CAD | - |
1 1
Moyennement accessible à pied
60/100
Exceptionnellement adapté aux voitures
90/100
Bons transports en commun
60/100
Plutôt accessible en vélo
40/100
Impôts fonciers
| Numéro de lot | 6032-020-001 | Évaluation des bâtiments | 1 299 456 $ CAD |
| Évaluation du terrain | 866 303 $ CAD | Évaluation totale | 2 165 758 $ CAD |
Impôts fonciers
Numéro de lot
6032-020-001
Évaluation du terrain
866 303 $ CAD
Évaluation des bâtiments
1 299 456 $ CAD
Évaluation totale
2 165 758 $ CAD
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Housing/Hospice/Medical/School - Vacant | 8301 S Figueroa St
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