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Royal Viking Hotel & Apartments 220 S Alvarado St 59 Room Hotel Los Angeles, CA 90057 $12,999,000 ($220,322/Room) 6.68% Cap Rate
Executive Summary
The building was completely gut remodeled in 2024, including 21 newly constructed units; all 59 residential units are registered and legal with the LA Housing Department. A modern, low-capex asset with strong curb identity anchored by the iconic Royal Viking signage.
Property Facts
| Price | $12,999,000 | Lot Size | 0.91 AC |
| Price Per Room | $220,322 | Building Size | 17,430 SF |
| Sale Type | Investment | No. Rooms | 59 |
| Cap Rate | 6.68% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1955/1963 |
| Property Subtype | Hotel | Parking Ratio | 0.54/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | LAC2 - Neighborhood Commercial | ||
| Price | $12,999,000 |
| Price Per Room | $220,322 |
| Sale Type | Investment |
| Cap Rate | 6.68% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.91 AC |
| Building Size | 17,430 SF |
| No. Rooms | 59 |
| No. Stories | 2 |
| Year Built/Renovated | 1955/1963 |
| Parking Ratio | 0.54/1,000 SF |
| Corridor | Exterior |
| Zoning | LAC2 - Neighborhood Commercial |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 59 | $109.00 | - |
Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5154-020-038 | Improvements Assessment | $820,233 |
| Land Assessment | $8,202,345 | Total Assessment | $9,022,578 |
Property Taxes
Parcel Number
5154-020-038
Land Assessment
$8,202,345
Improvements Assessment
$820,233
Total Assessment
$9,022,578
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Royal Viking Hotel & Apartments | 220 S Alvarado St