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PRICE $8,000,000 dsIDX morgage calculator
SIZE 11,460 sqft
LOT SIZE 15,020 sqft

Amazing investment opportunity located in a prime tourist area right on Hollywood Blvd! This 30-unit motel has had some great capital improvements such as newer plumbing, fresh paint, upgraded phone system, security gate at the parking entrance, and a security system. Moreover, the property includes a managerial quarters complete with a single bedroom, bathroom, full kitchen, and generous living room that provides the perfect station to manage the motel. The proximity of the motel to major tourist spots such as the Hollywood Walk of Fame, Hollywood Sign, TCL Chinese Theater, Griffith Observatory and so much more ensure a consistent flow of guests to the motel day in and day out. The bounce back from the unfortunate covid shutdowns has been tremendous especially as we head into spring and prepare for the summer months. Total building sqft is approximately 11,460 and sits on an estimated 15,018 sqft lot. This motel and neighboring listing at 5611 Hollywood Blvd. (MLS# PW22056189) are part of a package deal with the potential to be sold separate of one another. Split pricing will be $8.5 million for this motel and $5.5 million for the mixed-use parcel next door. Buyer must comply with the sellers' 1031 exchange. Please call with any questions or requests for additional information.

DAYS ON MARKET 67 LAST UPDATED 5/27/2022
YEAR BUILT 1956 COMMUNITY Hollywood
COUNTY Los Angeles STATUS Sold
PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AREA Hollywood
HEAT Central
LOT 0.34 acre(s)
LOT DESCRIPTION 0-1 Unit/Acre, Near Public Transit, Walkstreet
STORIES 2
WATER Public
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Listing provided by : Jonathan Long | 714-396-6848, Ardent Real Estate Group, Inc.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 7/7/22 3:40 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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