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Informations principales sur 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 analytique

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.

Pièces jointes

8301 S Figueroa - OM

Informations sur l’immeuble

Prix 1 401 952 €
Prix par chambre 73 787 €
Type de vente Investissement
Conditions de vente
Construction sur mesure
  • Projet de requalification
Type de bien Services hôteliers
Sous-type de bien
Hôtel
Classe d’immeuble C
Surface du lot 0,08 ha
Surface de l’immeuble 465 m²
Nb de chambres 19
Nb d’étages 2
Année de construction/rénovation 1964/2020
Ratio de stationnement 0,22/1 000 m²
Corridor Extérieur
Zonage LAC2 - Allows for a number of Uses including Permanent Housing

Chambre informations sur la combinaison

Description Nb de chambres Tarif journalier
Guest Room 19 63,09 € -
Moyennement praticable à pied
60/100
Exceptionnellement adapté aux voitures
90/100
Bons transports en commun
60/100
Plutôt praticable en vélo
40/100

Taxes foncières

Taxes foncières

Numéro de parcelle
6032-020-001
Évaluation du terrain
539 497 €
Évaluation des aménagements
809 246 €
Évaluation totale
1 348 743 €
  • ID de l’annonce: 38858218

  • Date de mise sur le marché: 22/12/2025

  • Dernière mise à jour:

  • Adresse: 8301 S Figueroa St, Los Angeles, CA 90003

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