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Melody Motel 5062 W Washington Blvd 11 Room Hotel Los Angeles, CA 90016 $1,650,000 ($150,000/Room)

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Executive Summary

currently vacant

Property Facts

Price	$1,650,000	Building Size	2,820 SF
Price Per Room	$150,000	No. Rooms	11
Sale Type	Investment	No. Stories	1
Sale Condition	Redevelopment Project	Year Built	1946
Property Type	Hospitality	Parking Ratio	3.54/1,000 SF
Property Subtype	Hotel	Corridor	Exterior
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.19 AC
Zoning	LAC2 - The property currently zoned C2-1VL-CPIO Within Opportunity Zone TOC Tier 1

Price	$1,650,000
Price Per Room	$150,000
Sale Type	Investment
Sale Condition	Redevelopment Project
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.19 AC
Building Size	2,820 SF
No. Rooms	11
No. Stories	1
Year Built	1946
Parking Ratio	3.54/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LAC2 - The property currently zoned C2-1VL-CPIO Within Opportunity Zone TOC Tier 1