Little Tokyo Hotel | 325-329 E 1st St
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Little Tokyo Hotel 325-329 E 1st St
38 Room Hotel Los Angeles, CA 90012 $7,466,182 CAD ($196,478 CAD/Room)
Investment Highlights
- Located in the heart of the historic Little Tokyo Neighborhood
- Value-Add Opportunity
- PRICED TO SELL
- Long-term Established Property
- Multiple Revenue Streams
Executive Summary
PRICED TO SELL.
The Little Tokyo Hotel is an established hospitality property located in the heart of the historic Little Tokyo neighborhood in Los Angeles.
This three-story property boasts a total area of approximately 14,100 sq. ft. and features 38 guest rooms on the second and third floors. The rooms come equipped with shared bathroom and shower facilities, and guests have access to a communal kitchen and laundry room. On the first floor, there are two well-known restaurants, Marugame Monzo and Daikokuya, which add to the charm and convenience of
the hotel.
Currently, 13 of the 38 guest rooms are occupied by long-term guests(known as 13 SRO Rooms), providing a steady source of income.
However, operating the hotel as a traditional hospitality business could potentially generate even more income. In addition to the guest
rooms, there is one vacant retail space, which represents a promising income opportunity.
The presence of popular restaurants on the premises and an available retail space further enhances the potential profitability of this investment opportunity.
The Little Tokyo Hotel is an established hospitality property located in the heart of the historic Little Tokyo neighborhood in Los Angeles.
This three-story property boasts a total area of approximately 14,100 sq. ft. and features 38 guest rooms on the second and third floors. The rooms come equipped with shared bathroom and shower facilities, and guests have access to a communal kitchen and laundry room. On the first floor, there are two well-known restaurants, Marugame Monzo and Daikokuya, which add to the charm and convenience of
the hotel.
Currently, 13 of the 38 guest rooms are occupied by long-term guests(known as 13 SRO Rooms), providing a steady source of income.
However, operating the hotel as a traditional hospitality business could potentially generate even more income. In addition to the guest
rooms, there is one vacant retail space, which represents a promising income opportunity.
The presence of popular restaurants on the premises and an available retail space further enhances the potential profitability of this investment opportunity.
Data Room Click Here to Access
Property Facts Under Contract
| Price | $7,466,182 CAD | Building Size | 14,100 SF |
| Price Per Room | $196,478 CAD | No. Rooms | 38 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1900 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.14 AC |
| Price | $7,466,182 CAD |
| Price Per Room | $196,478 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 14,100 SF |
| No. Rooms | 38 |
| No. Stories | 3 |
| Year Built | 1900 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Business Center
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 38 | $58.31 CAD | - |
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Walk Score ®
Walker's Paradise (95)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 5161-012-013 | Improvements Assessment | $2,213,836 CAD |
| Land Assessment | $766,325 CAD | Total Assessment | $2,980,161 CAD |
PROPERTY TAXES
Parcel Number
5161-012-013
Land Assessment
$766,325 CAD
Improvements Assessment
$2,213,836 CAD
Total Assessment
$2,980,161 CAD
zoning
| Zoning Code | C-4, Los Angeles (For more information, https://zimas.lacity.org/) |
| C-4, Los Angeles (For more information, https://zimas.lacity.org/) |
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Little Tokyo Hotel | 325-329 E 1st St
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