Back

1 of 45

2 of 45

3 of 45

4 of 45

5 of 45

6 of 45

7 of 45

8 of 45

9 of 45

10 of 45

11 of 45

12 of 45

13 of 45

14 of 45

15 of 45

16 of 45

17 of 45

18 of 45

19 of 45

20 of 45

21 of 45

22 of 45

23 of 45

24 of 45

25 of 45

26 of 45

27 of 45

28 of 45

29 of 45

30 of 45

31 of 45

32 of 45

33 of 45

34 of 45

35 of 45

36 of 45

37 of 45

38 of 45

39 of 45

40 of 45

41 of 45

42 of 45

43 of 45

44 of 45

45 of 45

220 S Alvarado St
Los Angeles, CA 90057 Westlake North

$12,500,000 USD

Hotel For Sale • 19,995 SF

Property Details

Property Type Hotel
Total Building Size 19,995 SF
Lot Size 0.92 AC
Building Class C
Year Built 1961
Zoning LAC2

100 Transit Score

80 Walk Score

                
                    Highlights
                
                                2024 gut renovation — 21 new units, all LAHD-registered
                            
                                Active hotel license — NOT under the Residential Hotel Ordinance
                            
                                By-right: +66 units AND +173 guestrooms (+58,885 SF)
                            
                                Parking requirement already zeroed via AB 2097
                            
                                10-year restaurant lease anchors commercial income
                            
                                7.41% in-place cap on $926,515 NOI, ~93.5% leased

Amenities

Pool
On-Site Retail
High Speed Internet Access
Patio
Public Access Wifi

Public Transportation

Commuter Rail	Drive	Walk	Distance
	7 min	-	2.9 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	8 min	-	3.1 mi
Transit/Subway	Drive	Walk	Distance
Westlake/MacArthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	10 min	0.5 mi
Airport	Drive	Walk	Distance
Bob Hope	24 min	-	13.4 mi
Los Angeles International	27 min	-	14.6 mi
Long Beach (Daugherty Field)	34 min	-	23.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	47
Type:	Surface
Included in Rent:	Yes

Logan Altman 310-903-0222 Altman Apartments LLC

220 S Alvarado St Los Angeles, CA 90057 Westlake North