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The Metric 285 Lucas Ave 28 Room Hotel Los Angeles, CA 90026 $9,995,000 ($356,964/Room) 7.34% Cap Rate
INVESTMENT HIGHLIGHTS
- Fee Simple Ownership: A rare opportunity to own a boutique hotel in the rapidly expanding Downtown Los Angeles hospitality market
- Newly Built & Turnkey: Completed in 2021, The Metric features modern, high-end facilities requiring minimal capital investment
- The Metric has been featured in various media; won numerous awards over the years, including TripAdvisor Traveler's Choice & AAHOA Independent Hotel
- Prime Location: Ideally situated near Downtown LA, Echo Park, and Silverlake, an access to top entertainment, dining, and cultural attractions
- Unrivaled guest acclaim - top 1% in guest satisfaction scores across all platforms
EXECUTIVE SUMMARY
The Nevarez Group of Marcus & Millichap is proud to exclusively represent the ownership of The Metric Hotel, a truly
extraordinary fee simple boutique hotel situated in the heart of Downtown Los Angeles. Built in 2021, The Metric is a 28-
key property designed to meet the needs of the modern traveler. Offering guests a premium, smart-rate experience, The
Metric seamlessly blends style, comfort, and convenience, setting a new standard for boutique hospitality.
Located just minutes from Downtown Los Angeles’ most iconic attractions, vibrant neighborhoods, and cultural landmarks,
The Metric is uniquely positioned to benefit from the ongoing growth and redevelopment of the area. From local cuisine
to world-class venues, the surrounding area’s dynamic character makes this property a standout investment opportunity.
To access the full Offering Memorandum, please contact me directly via email to request the NDA. Upon receipt of a fully executed NDA, I will promptly provide the Offering Memorandum.
extraordinary fee simple boutique hotel situated in the heart of Downtown Los Angeles. Built in 2021, The Metric is a 28-
key property designed to meet the needs of the modern traveler. Offering guests a premium, smart-rate experience, The
Metric seamlessly blends style, comfort, and convenience, setting a new standard for boutique hospitality.
Located just minutes from Downtown Los Angeles’ most iconic attractions, vibrant neighborhoods, and cultural landmarks,
The Metric is uniquely positioned to benefit from the ongoing growth and redevelopment of the area. From local cuisine
to world-class venues, the surrounding area’s dynamic character makes this property a standout investment opportunity.
To access the full Offering Memorandum, please contact me directly via email to request the NDA. Upon receipt of a fully executed NDA, I will promptly provide the Offering Memorandum.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $9,995,000 | Lot Size | 0.21 AC |
| Price Per Room | $356,964 | Building Size | 14,433 SF |
| Sale Type | Investment | No. Rooms | 28 |
| Cap Rate | 7.34% | No. Stories | 5 |
| Property Type | Hospitality | Year Built | 2021 |
| Property Subtype | Hotel | Parking Ratio | 1.11/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | Central City West RC:5 - Commercial | ||
| Price | $9,995,000 |
| Price Per Room | $356,964 |
| Sale Type | Investment |
| Cap Rate | 7.34% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 14,433 SF |
| No. Rooms | 28 |
| No. Stories | 5 |
| Year Built | 2021 |
| Parking Ratio | 1.11/1,000 SF |
| Corridor | Interior |
| Zoning | Central City West RC:5 - Commercial |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 28 | $182.00 | - |
1 1
Walk Score®
Walker's Paradise (92)
Transit Score®
Rider's Paradise (92)
PROPERTY TAXES
| Parcel Number | 5153-028-002 | Improvements Assessment | $1,609,575 |
| Land Assessment | $127,225 | Total Assessment | $1,736,800 |
PROPERTY TAXES
Parcel Number
5153-028-002
Land Assessment
$127,225
Improvements Assessment
$1,609,575
Total Assessment
$1,736,800
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The Metric | 285 Lucas Ave
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