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Vernon Motel 451 E Vernon Ave 13 Room Hotel Los Angeles, CA 90011 $3,900,000 ($300,000/Room)
Executive Summary
The Vernon Motel presents a rare opportunity to acquire a 14-unit motel with (8-rooms with 2-beds and 6 rooms singles beds) property -two contiguous parcels in South Los Angeles, the sale includes APN:5113-015-007 and 5113-015-006, with frontage on Vernon Blvd, and includes approx 2200+ sq house. LAC2 zoned asset is strategically located near major industrial and employment corridors surrounded by highly dense populations and could appeal to hospitality investors, owner-users, and value-add operators. Surrounded by neighborhood retail, local services, entertainment venues, Downtown Los Angeles, and all major freeways 10,110 and 101.
Property Facts
| Price | $3,900,000 | Building Size | 3,352 SF |
| Price Per Room | $300,000 | No. Rooms | 13 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1963 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.19/1,000 SF |
| Lot Size | 0.11 AC | Corridor | Exterior |
| Zoning | LAC2 - Commercial | ||
| Price | $3,900,000 |
| Price Per Room | $300,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,352 SF |
| No. Rooms | 13 |
| No. Stories | 2 |
| Year Built | 1963 |
| Tenancy | Single |
| Parking Ratio | 1.19/1,000 SF |
| Corridor | Exterior |
| Zoning | LAC2 - Commercial |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 13 | $50.00 | - |
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Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5113-015-007 | Improvements Assessment | $453,013 |
| Land Assessment | $278,771 | Total Assessment | $731,784 |
Property Taxes
Parcel Number
5113-015-007
Land Assessment
$278,771
Improvements Assessment
$453,013
Total Assessment
$731,784
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Vernon Motel | 451 E Vernon Ave
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