Hollywood Spa & Hotel Project | 4059 W Century Blvd
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Hollywood Spa & Hotel Project 4059 W Century Blvd
22 Unit Block of Flats £4,364,525 (£198,388/Unit) Inglewood, CA 90304
INVESTMENT HIGHLIGHTS
- https://www.sofistadium.com/
- Future Hollywood Casino Spa with 105 Rooms Hotel Project
- $2 Billion Crenshaw / LAX Metro Revitalization
- https://www.nba.com/clippers/intuitdome
- Perfect location for a new investor and keep income while working towards construction!
- The Kia Forum, SoFi Stadium and Intuit Dome (LA Clippers)
EXECUTIVE SUMMARY
Many people fail to recognize the value of this hotel and spa redevelopment project's prime location. It is just one block's walking distance from the new retail district's bustling shopping center, which has over 10 billion dollars worth of attractions, including the SOFI and Clippers Stadium! The property is conveniently located in the best retail area in Sofi Stadium, making it an attractive prospect for visitors and locals. Despite recent economic and social challenges, Inglewood remains a dynamic and exciting place to visit, work, and live.
The architect has proposed a plan for 105 rooms and recommends creating as many parking spaces as possible to accommodate visitors during SOFi and Clippers event days. There is an alley behind the building. The boutique hotel's goal is to maximize income through the daily operation of the spa, rooms, restaurants, parking facilities, and liquor/market sales.
The address is 4059 W. Century, an apartment that was a motel without a kitchen in each room.
The attached property at 1236 S. Flower has been leased as a warehouse for now on a month-to-month.
Here's a summary of the development:
- Asking price: $6.38M ($300/SF)
- Reduced asking price: $5.5M ($258/SF)
- Lot size: 21,328 SF
- 105 guest rooms covering approximately 70,000 SF floor area
- Layout:
- 1st Floor: Parking (70 spaces), service area, and entry
- 2nd Floor: Lobby, restaurant & bar lounge, gym, business center
- 3rd to 6th Floor: Guest rooms (25 guest rooms on each floor)
For more information, visit the following URLs: https://www.sofistadium.com/, https://www.nba.com/clippers/intuitdome.
Inglewood is known for its thriving entertainment industry, with venues like The Forum and the SoFi Stadium. It is also home to major companies in aerospace and technology, making it an essential hub for business and industry. Inglewood boasts several parks, recreational facilities, and a rich cultural heritage, with various ethnic festivals and events held annually.
The architect has proposed a plan for 105 rooms and recommends creating as many parking spaces as possible to accommodate visitors during SOFi and Clippers event days. There is an alley behind the building. The boutique hotel's goal is to maximize income through the daily operation of the spa, rooms, restaurants, parking facilities, and liquor/market sales.
The address is 4059 W. Century, an apartment that was a motel without a kitchen in each room.
The attached property at 1236 S. Flower has been leased as a warehouse for now on a month-to-month.
Here's a summary of the development:
- Asking price: $6.38M ($300/SF)
- Reduced asking price: $5.5M ($258/SF)
- Lot size: 21,328 SF
- 105 guest rooms covering approximately 70,000 SF floor area
- Layout:
- 1st Floor: Parking (70 spaces), service area, and entry
- 2nd Floor: Lobby, restaurant & bar lounge, gym, business center
- 3rd to 6th Floor: Guest rooms (25 guest rooms on each floor)
For more information, visit the following URLs: https://www.sofistadium.com/, https://www.nba.com/clippers/intuitdome.
Inglewood is known for its thriving entertainment industry, with venues like The Forum and the SoFi Stadium. It is also home to major companies in aerospace and technology, making it an essential hub for business and industry. Inglewood boasts several parks, recreational facilities, and a rich cultural heritage, with various ethnic festivals and events held annually.
PROPERTY FACTS
UNIT AMENITIES
- Heating
- Kitchen
- Range
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gated
- Recycling
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 10 | - | 426 |
| 1+1 | 10 | - | 426 |
| 3+1 | 1 | - | - |
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 4024-044-021 | Improvements Assessment | £531,131 |
| Land Assessment | £1,770,439 | Total Assessment | £2,301,570 |
PROPERTY TAXES
Parcel Number
4024-044-021
Land Assessment
£1,770,439
Improvements Assessment
£531,131
Total Assessment
£2,301,570
ZONING
| Zoning Code | INC2YY (https://library.qcode.us/lib/inglewood_ca/pub/municipal_code/item/chapter_12-article_7-section_12_24) |
| INC2YY (https://library.qcode.us/lib/inglewood_ca/pub/municipal_code/item/chapter_12-article_7-section_12_24) |
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Hollywood Spa & Hotel Project | 4059 W Century Blvd
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