1543 W Olympic Blvd
Los Angeles, CA 90015
HOTEL Redevelopment Project · Office Property For Sale
Property Facts
About 1543 W OLYMPIC BLVD , LOS ANGELES, CA 90015
The KAI Group of Sperry CGA is proud to present an adaptive reuse hotel opportunity in the up and coming area of Pico Union located just four blocks west of the Staples Center and the Los Angeles Convention Center. This project is currently entitled for 200 hotel rooms and retail and restaurant venues on both the ground and roof levels. The Pico Union area is in extremely high demand for hotels as a 2015 report from the tourism and convention board estimated that $5 billion dollars was lost in events the convention center didn’t host because there were not enough rooms nearby to accommodate attendees. Furthermore, the City of Los Angeles has recently set a goal of 8,000 hotel rooms to be developed within walking distance of the Convention Center by 2020. This an excellent opportunity for developers looking to get their hands on one of the first hotel projects in this area.
Property Taxes
| Parcel Number | 5137-003-024 | Improvements Assessment | $547,914 |
| Land Assessment | $15,857,867 | Total Assessment | $16,405,781 |
Property Taxes
