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El Nido Hotel 1042 N Wilcox Ave 38 Room Hotel Los Angeles, CA 90038 $4,500,000 ($118,421/Room) 7.90% Cap Rate
EXECUTIVE SUMMARY
Michael Kamara of Lyon Stahl is pleased to present 1042 Wilcox Ave, a fully vacant 38 unit apartment
building located in the heart of Hollywood, a highly desirable neighborhood in Los Angeles, California.
The property offers flexibility to operate as a hotel or multifamily building, with potential for short-term
rentals. Built in 1928, the property consists of (38) bachelor units. The building is 9,880 gross square feet
and sits on a 6,131 square foot lot.
Nestled in the heart of Hollywood, 1042 Wilcox Ave offers residents a vibrant Los Angeles lifestyle
surrounded by entertainment, dining, and culture. Just minutes from the Hollywood Walk of Fame and
the Pantages Theatre, this property places tenants at the center of LA’s most iconic neighborhood.
With a Walk Score of 95, residents enjoy easy access to trendy cafés, popular restaurants, boutique
shopping, and nightlife hotspots, as well as nearby destinations like Griffith Park and Sunset Boulevard.
Combining a prime Hollywood location with excellent connectivity, 1042 Wilcox Ave delivers the ideal
mix of convenience, culture, and lifestyle that makes this area highly attractive to renters seeking the
quintessential Los Angeles experience.
building located in the heart of Hollywood, a highly desirable neighborhood in Los Angeles, California.
The property offers flexibility to operate as a hotel or multifamily building, with potential for short-term
rentals. Built in 1928, the property consists of (38) bachelor units. The building is 9,880 gross square feet
and sits on a 6,131 square foot lot.
Nestled in the heart of Hollywood, 1042 Wilcox Ave offers residents a vibrant Los Angeles lifestyle
surrounded by entertainment, dining, and culture. Just minutes from the Hollywood Walk of Fame and
the Pantages Theatre, this property places tenants at the center of LA’s most iconic neighborhood.
With a Walk Score of 95, residents enjoy easy access to trendy cafés, popular restaurants, boutique
shopping, and nightlife hotspots, as well as nearby destinations like Griffith Park and Sunset Boulevard.
Combining a prime Hollywood location with excellent connectivity, 1042 Wilcox Ave delivers the ideal
mix of convenience, culture, and lifestyle that makes this area highly attractive to renters seeking the
quintessential Los Angeles experience.
PROPERTY FACTS
| Price | $4,500,000 | Building Size | 9,880 SF |
| Price Per Room | $118,421 | No. Rooms | 38 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 7.90% | Year Built | 1928 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.14 AC | ||
| Zoning | R4-2, Los Angeles - restricted Density Multiple Dwelling | ||
| Price | $4,500,000 |
| Price Per Room | $118,421 |
| Sale Type | Investment |
| Cap Rate | 7.90% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 9,880 SF |
| No. Rooms | 38 |
| No. Stories | 2 |
| Year Built | 1928 |
| Tenancy | Single |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | R4-2, Los Angeles - restricted Density Multiple Dwelling |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 38 | $72.00 | - |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 5533-014-019 | Improvements Assessment | $300,000 |
| Land Assessment | $2,730,000 | Total Assessment | $3,030,000 |
PROPERTY TAXES
Parcel Number
5533-014-019
Land Assessment
$2,730,000
Improvements Assessment
$300,000
Total Assessment
$3,030,000
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El Nido Hotel | 1042 N Wilcox Ave
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