Hollywood Student Housing | 1550 Wilcox Ave
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Hollywood Student Housing 1550 Wilcox Ave
68 Room Hotel Los Angeles, CA 90028 For Sale
Investment Highlights
- Prime Hollywood location, situated among hip & vibrant retail, restaurants and nightclubs, surrounded with new development
- Steps from Thompson Hotel, Mother Wolf, Mama Shelter, Dream Hotel, TAO, and Hollywood Walk of Fame
- Easy walk to the Metro Station at Hollywood & Vine, close proximity to the 101 FWY and connected to the Greater Los Angeles freeway system
- Located in an Opportunity Zone & State Enterprise Zone
- Adjacent to the Cahuenga Corridor (“Restaurant Row”)
- Walk Score 99 out of 100 (Walker’s Paradise)
Executive Summary
NAI Capital Commercial, Inc. is pleased to offer exclusively for sale, the fee-simple interest in The Gilbert. Built in 1925. The Gilbert is a charming residential building in Hollywood, California, featuring 68 renovated units that can accommodate 144 beds.
¦ Offered as an Owner User Opportunity or a Leased Investment
¦ Potential for repositioning as co-living, transitional or supportive housing
¦ Repositioning to include ground floor retail
¦ Current use is triple net master-leased student housing
¦ Each unit built out with renovated full bathrooms, closets and AC units
¦ Elevator and Skylight
¦ Large interior courtyard
¦ Gated, secure compound with guard station
¦ Large common area spaces including: lobby, lounge, community kitchen, dining area, computer lab/offices, business center, fitness room, and 2 laundry rooms
¦ Offered as an Owner User Opportunity or a Leased Investment
¦ Potential for repositioning as co-living, transitional or supportive housing
¦ Repositioning to include ground floor retail
¦ Current use is triple net master-leased student housing
¦ Each unit built out with renovated full bathrooms, closets and AC units
¦ Elevator and Skylight
¦ Large interior courtyard
¦ Gated, secure compound with guard station
¦ Large common area spaces including: lobby, lounge, community kitchen, dining area, computer lab/offices, business center, fitness room, and 2 laundry rooms
Property Facts
| Sale Type | Investment | No. Rooms | 68 |
| Property Type | Hospitality | Number of Floors | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1925/2014 |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.53 AC | Opportunity Zone |
Yes
|
| Building Size | 35,715 SF |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 35,715 SF |
| No. Rooms | 68 |
| Number of Floors | 3 |
| Year Built/Renovated | 1925/2014 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Patio
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 68 | £56.81 | - |
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (71)
Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 5546-013-002 | Improvements Assessment | £4,172,258 |
| Land Assessment | £2,370,600 | Total Assessment | £6,542,858 |
PROPERTY TAXES
Parcel Number
5546-013-002
Land Assessment
£2,370,600
Improvements Assessment
£4,172,258
Total Assessment
£6,542,858
zoning
| Zoning Code | LAC4 (Heavy Commercial Zone) |
| LAC4 (Heavy Commercial Zone) |
-
Kay Sasatomi, CCIM -
Kathleen Silver, CCIM -
NAI Capital
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Hollywood Student Housing | 1550 Wilcox Ave
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