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Vernon Motel 451 E Vernon Ave 14 Room Hotel Los Angeles, CA 90011 $2,800,000 ($200,000/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 with king-size beds) property in South Los Angeles. The motel property (APN:5113-015-007) must be sold with a single-family home, approx 2000+ sq house, contiguous parcels APN: 5113-015-006 (Asking price $750,000), with frontage on Vernon Blvd. LAC2 zoned asset that 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 | $2,800,000 | Building Size | 5,115 SF |
| Price Per Room | $200,000 | No. Rooms | 14 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1910 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.19/1,000 SF |
| Lot Size | 0.23 AC | Corridor | Exterior |
| Zoning | LAC2 - Commercial | ||
| Price | $2,800,000 |
| Price Per Room | $200,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 5,115 SF |
| No. Rooms | 14 |
| No. Stories | 2 |
| Year Built | 1910 |
| Tenancy | Single |
| Parking Ratio | 1.19/1,000 SF |
| Corridor | Exterior |
| Zoning | LAC2 - Commercial |
Amenities
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 14 | $85.00 | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $564,515 | |
| Land Assessment | $557,542 | Total Assessment | $1,122,057 |
Property Taxes
Parcel Numbers
Land Assessment
$557,542
Improvements Assessment
$564,515
Total Assessment
$1,122,057
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Vernon Motel | 451 E Vernon Ave
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