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Royal Viking – 62 Units + Hotel License 220 S Alvarado St Services hôteliers 59 chambres 10 763 250 € (182 428 €/Chambre) Taux de capitalisation 7,41 % Los Angeles, CA 90057
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- 2024 gut renovation — 21 new units, all LAHD-registered
- By-right: +66 units AND +173 guestrooms (+58,885 SF)
- 10-year restaurant lease anchors commercial income
- Active hotel license — NOT under the Residential Hotel Ordinance
- Parking requirement already zeroed via AB 2097
- 7.41% in-place cap on $926,515 NOI, ~93.5% leased
Résumé analytique
Royal Viking Apartments is a 62-unit mixed-use Westlake asset — 59 gut-renovated studios plus 3 commercial bays — offered at $12,500,000, a 7.41% in-place cap on $926,515 of net operating income, approximately 93.5% leased.
THREE PATHS TO VALUE: The asset pays as apartments today, carries a legitimate and active hotel license, and sits on a materially underbuilt 0.92-acre transit parcel — three distinct, non-exclusive ways to create value. It is offered and financed on its in-place residential rent roll; hotel and development scenarios are optionality on top.
TURN-KEY 2024 GUT RENOVATION: 21 new units created; all 59 residential units LAHD-registered and legal.
ACTIVE HOTEL LICENSE + RENT FLEXIBILITY: Legitimate, active hotel license with by-right transient hotel use. The property is NOT subject to the LA Residential Hotel Ordinance; rent stabilization applies only to stays beyond 30 days, as with any pre-1978 Los Angeles building. Seven non-RSO units.
MAJOR DEVELOPMENT UPSIDE: The R4-1 / C2-1 parcel carries an additional 66 dwelling units AND 173 guestrooms by-right (+58,885 SF) beyond what exists today, with required parking already zeroed via AB 2097 and up to 137 more units available via TOC Tier 3. No maximum height in the R4 zone.
DIVERSIFIED MIXED-USE INCOME: 59 studios plus 3 commercial bays anchored by a 10-year restaurant lease, with 47 parking spaces, a pool and a roof deck.
WESTLAKE LOCATION: 0.47 miles to the MacArthur Park Metro B/D station, minutes west of Downtown Los Angeles.
Offered individually or as part of a 7-asset Central-LA portfolio. Full OM, proforma, T-12 and rent roll available. Full co-broke offered.
THREE PATHS TO VALUE: The asset pays as apartments today, carries a legitimate and active hotel license, and sits on a materially underbuilt 0.92-acre transit parcel — three distinct, non-exclusive ways to create value. It is offered and financed on its in-place residential rent roll; hotel and development scenarios are optionality on top.
TURN-KEY 2024 GUT RENOVATION: 21 new units created; all 59 residential units LAHD-registered and legal.
ACTIVE HOTEL LICENSE + RENT FLEXIBILITY: Legitimate, active hotel license with by-right transient hotel use. The property is NOT subject to the LA Residential Hotel Ordinance; rent stabilization applies only to stays beyond 30 days, as with any pre-1978 Los Angeles building. Seven non-RSO units.
MAJOR DEVELOPMENT UPSIDE: The R4-1 / C2-1 parcel carries an additional 66 dwelling units AND 173 guestrooms by-right (+58,885 SF) beyond what exists today, with required parking already zeroed via AB 2097 and up to 137 more units available via TOC Tier 3. No maximum height in the R4 zone.
DIVERSIFIED MIXED-USE INCOME: 59 studios plus 3 commercial bays anchored by a 10-year restaurant lease, with 47 parking spaces, a pool and a roof deck.
WESTLAKE LOCATION: 0.47 miles to the MacArthur Park Metro B/D station, minutes west of Downtown Los Angeles.
Offered individually or as part of a 7-asset Central-LA portfolio. Full OM, proforma, T-12 and rent roll available. Full co-broke offered.
Informations sur l’immeuble
Caractéristiques
- Piscine
- Commerces sur place
- Accès internet à haut débit
- Patio
- Accès Wi-Fi public
Chambre informations sur la combinaison
| Description | Nb de chambres | Tarif journalier | m² |
|---|---|---|---|
| Guest Room | 59 | 93,86 € | - |
1 1
Très praticable à pied
80/100
Exceptionnellement adapté aux voitures
90/100
Transports en commun exceptionnels
100/100
Moyennement praticable en vélo
60/100
Taxes foncières
| Numéro de parcelle | 5154-020-038 | Évaluation des aménagements | 720 395 € |
| Évaluation du terrain | 7 203 965 € | Évaluation totale | 7 924 360 € |
Taxes foncières
Numéro de parcelle
5154-020-038
Évaluation du terrain
7 203 965 €
Évaluation des aménagements
720 395 €
Évaluation totale
7 924 360 €
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Royal Viking – 62 Units + Hotel License | 220 S Alvarado St
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