10604 Santa Monica, West Los Angeles, CA 90025

$5,188,888 Approx. USD 0 beds, 0 baths
6,500 sqft

Agent Remarks

The Little Inn is operating as a 15 unit motel located in the prime West Los Angeles area, within walking distance to Westwood Blvd, Mormon Temple, and Century City Shopping Mall. Near UCLA hospital and Beverly Hills. Lot size is 9400 square ft Commercial C-2 Zoning with 98 feet of frontage on "the Little" Santa Monica Blvd. There are 5 two-room suites with kitchens. Six upstairs rooms with showers. Downstairs rooms are handicapped accessible with shower over bathtubs; only one room has a handicap compliant bathroom. All rooms have window air-condition units. The courtyard is paved with cobble stone concrete. The building was renovated in 1993 with a New Certificate of Occupancy with approved 16 tandem parking and a 14-unit Apartment Hotel with one handicapped unit. If the operation changes to an Apartment Building, the Gross Multiplier is estimated at 20. The Buyer has to estimate the income based on his own plan of operation. Great for Mixed-Use development. Ideal for renovation as a SECURITY boutique hotel with no lobby as an alternative to luxury hotels in the area. Subject to Buyers cooperation in IRS 1031 Exchange within a 60-day escrow. Sold on the basis of "AS-IS, WHERE-IS". Buyer and Buyer's agent to verify all information.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# SR16177634
List price is $5,188,888 Reduced by $10,112 on 10/13/2016
Beds: 0
Baths: 0
Built in 1947
6,500 sqft
0.21 acres
County: Los Angeles
Parking type: Carport,Unassigned,Carport Attached
Exterior features: Stucco
Lot description: Lot-Level/Flat,Street Lighting,Yard
Heating description: Heat Pump(s)
MLS area: West Los Angeles (WLA)

Last Updated: 11/1/2016

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This listing belongs to the West Los Angeles (WLA) MLS area

Lat/Long: 34.053177, -118.429474.
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Broker: Courtesy of The Real Estate Source
Listing Agent: Michael Weber

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