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 £4,135,425 (£108,827/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 | £4,135,425 | Building Size | 14,100 SF |
| Price Per Room | £108,827 | No. Rooms | 38 |
| Sale Type | Investment | Number of Floors | 3 |
| Property Type | Hospitality | Year Built | 1900 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.14 AC |
| Price | £4,135,425 |
| Price Per Room | £108,827 |
| 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 |
| Number of Floors | 3 |
| Year Built | 1900 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Business Centre
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 38 | £32.30 | - |
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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 | £1,236,265 |
| Land Assessment | £427,936 | Total Assessment | £1,664,201 |
PROPERTY TAXES
Parcel Number
5161-012-013
Land Assessment
£427,936
Improvements Assessment
£1,236,265
Total Assessment
£1,664,201
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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