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Photo
Property TypeHospitality
LocationLos Angeles, California
Map It
TitleFormer 176 Room Luxury Hotel Development Almost Entitled and Secured by Parking Lot in Downtown LA
Summary

176 Room Hotel Development Project in DTLA
9292 SF Parking Lot in DTLA
Built 1950 - Zoned LAC 5

Details

Project was in process of getting full permits ready to build
a 28 Story Hotel with 176 Rooms, 3 levels of parking,
roof top deck, retail spaces and restaurants....
Cross Streets Spring and 6th Street
Excellent Walkable Score of 96
Plenty of Restaurants, Shopping and Transportation

Income and Sales Details

urrent Monthly Income as parking as $13,500
Appraised Value as of Oct 2019 at $16,000,000
ARV Value After completion was $119,000,000

Asking Price$5,375,000.00
Date UpdatedMarch 5, 2025