310-926-5181
3206 W 8th St, Los Angeles, CA for Sale
Hospitality - FOR SALE
1/20
null | Request Cap Rate

3206 W 8th St
Los Angeles, CA 90005


HIGHLIGHTS

  • Rare opportunity to acquire a 51-room, luxury-boutique hotel and two retail spaces with liquor licenses in prime Koreatown, Los Angeles
  • Turnkey investment opportunity that completed a full multi-million-dollar renovation in 2019/2020
  • Iconic art-deco hotel featuring a unique mix of upscale rooms and suites, a beautiful lobby and common areas, and a trendy ground-floor restaurant
  • Thoughtfully designed rooms including mid-century modern finishes, luxurious bathrooms, stunning brick & motif walls, new wood and tile floors, etc.
  • Approximately 2,500 square feet of vacant retail/commercial space, allowing an opportunity to add value and additional income
  • Additional income from the ground-floor restaurant space leased to the newly renovated H Café, one of Los Angeles’ most popular destinations

OVERVIEW

Kidder Mathews, as the exclusive listing agent, is pleased to offer a rare investment opportunity to acquire a prime two-property portfolio in the heart of Koreatown, Los Angeles. These properties are available for purchase either separately or as a combined portfolio, offering investors significant flexibility and potential. The opportunity includes the H Hotel, a fully renovated, high-end 51-room boutique hotel, and the H Apartment Hotel Development Opportunity, fully entitled for a 5-star, 60-room luxury hotel and 20-unit apartment building. H Hotel, located at 3206 W 8th Street, is a fully renovated 51-room luxury boutique hotel, with two ground-floor retail spaces, both equipped with liquor licenses. Originally constructed in 1926, this iconic four-story building has undergone a meticulous, multi-million-dollar renovation that beautifully blends its historic 1920s charm with contemporary upgrades. Spanning 26,015 square feet on a 5,400-square-foot lot, the hotel showcases mid-century modern finishes, a striking lobby, elegant common areas, thoughtfully designed rooms, and upgraded systems throughout. The property also features a beautiful 1,350 square-foot restaurant occupied by H Café, which is widely recognized as one of the most popular spots in Koreatown for brunch and craft cocktails. Additionally, there is a vacant 2,500 square-foot retail space on the ground floor, providing an opportunity for the new owner to add a tenant and increase rental income. H Apartment Hotel Development Opportunity, located at 810-812 S Mariposa Ave, is adjacent to H Hotel and offers the opportunity to acquire a fully entitled, mixed-use development site. The approved project plans include a luxury 5-star, 60-room hotel and 20 upscale apartment units. The development will span seven stories above ground, with an additional three levels below grade, totaling 69,750 square feet on a 21,614 square-foot lot. The project will feature a range of high-end amenities, including a business center, hotel lobby, rooftop gardens, courtyard, pool areas, restaurants with one on the rooftop, and outdoor dining spaces—designed to create a luxurious atmosphere for both hotel guests and residents. Currently, the site consists of a parking lot and a four-unit apartment building with 4 MTM tenants. This project provides a prime opportunity for development in one of the Los Angeles’ most sought-after neighborhoods. Both properties are located in Koreatown, a rapidly growing, vibrant neighborhood renowned for its diverse cultural scene, dynamic nightlife, and wide array of dining and entertainment options. The properties are just one block from Wilshire Boulevard and are within walking distance to critically acclaimed restaurants, trendy bars, shops, and entertainment venues. Additionally, the hotel is a short 9-minute walk from the Wilshire/Normandie Purple Line Metro Station, which is currently being expanded and set to connect Koreatown with Miracle Mile, Beverly Hills, Westwood, and West Los Angeles by 2026. With easy access to major freeways (10, 101, and 110), these properties offer excellent connectivity to key employment centers and popular destinations in Downtown Los Angeles, Hollywood, West Hollywood, and Beverly Hills. This portfolio presents a rare opportunity for investors or hotel operators to acquire two exceptional assets in one of Los Angeles’ most desirable and dynamic markets. Whether purchased together or separately, the H Hotel and the H Apartment Hotel Development Opportunity represent tremendous upside potential, long-term appreciation, and a strong return on investment.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

49

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

H Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1926

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

LAC2

APN/PARCEL ID

5094-017-010

ASK ABOUT THIS PROPERTY

Janet NemanKidder MathewsMore Info
310-926-5181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Janet NemanKidder MathewsMore Info
310-926-5181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.