Historical Hotel & Motel Sale Listing - Nutel Hotel & Residence

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Nutel Hotel & Residence

1906 W. 3rd Street, Los Angeles, CA 90057

N/A

137 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
137
Building Size:
53,640 SF
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Additional Sub-types:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
9%
Lot Size:
42,732 SF
APN / Parcel ID:
5154-027-29
Listing ID
17563047
Last Updated
over 1 year ago

Description

RARE OPPORTUNITY - First Hotels Inc. is pleased to offer for sale to qualified principles, the fee-simple interest in the "Nutel Hotel Residence", a 137 units Residence hotel, all studio rooms with Kitchenettes'. On site Thai Restaurant rents out for $1800.00 monthly. Underground parking and security.
THE PROPERTY IS CURRENTLY UNDER CONTRACT WHICH IS SUBJECT TO OVERBID AND BANKRUPTCY APPROVAL COURT HEARING. WAITING OVERBID HEARING DATE. INTERESTED BIDDERS,PLEASE CONTACT THE LISTING BROKER OF RECORD.

The Nutel Hotel & Residence is located in the Westlake area, strategically located close to the Hollywood 101 Freeway and the 110 Harbor Freeway. Close to Staples Center, Downtown L.A., Dodgers Staduim, Echo Lake and USC.

Map of 1906 W. 3rd Street, Los Angeles, CA 90057 (Los Angeles County)

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