Hotels /CA /Los Angeles County /Los Angeles /701 S Hill St
Hotels /CA /Los Angeles County /Los Angeles /701 S Hill St

701 S Hill St - Hospitality FOR SALE


Los Angeles, CA 90014 | 
$65,000,000 USD
213-376-3811
701 S Hill St, Los Angeles, CA for Sale
$65,000,000 USD
Hospitality - FOR SALE
1/23
null | 8.42% Cap Rate
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701 S Hill St
Los Angeles, CA 90014

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HIGHLIGHTS

  • Strong tenant with guarantees, no leaseup risk, 125 Residential Units 100% leased.
  • Gorgeous historic building that was fully renovated in 2022 with brand new structural, roof, HVAC, units, lobbies, etc.
  • Gorgeous historic building with an excellent mix of one-, two-, and three-bedroom units.

OVERVIEW

New fully renovated Adaptive Reuse - Project completed in September 2023. Residential apartment units fully leased to hospitality tenant for ten years triple-net. Significant net operating income in place with annual escalations in the rent.

FOR SALE DETAILS

PRICE

$65,000,000 USD

PRICE/SF

$456 USD /SF

# OF ROOMS

124

PRICE/ROOM

$524,194 {currency}

CAP RATE

8.42%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Winfield

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

13

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,467 SF

ZONING

C5-4D

APN/PARCEL ID

5144-013-020

ASK ABOUT THIS PROPERTY

Michael ShustakCBREMore Info
213-376-3811

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Michael ShustakCBREMore Info
213-376-3811

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