Building Sqft: 31755
Land Sqft: 44,000
CAP Rate: 9.34 %
Property Description: It's a newly remodeled, 87 room hotel with a AAA- 3 Diamond rating. The
Hotel offers excellent lodging accommodations for vacation or business travelers to the Los Angeles area. Hotel Guests have access to a new exercise facility, Jacuzzi and sauna room. Newly renovated guest accommodations feature spacious bathrooms with granite, Sealy Posturepedic pillow-top mattresses, free high-speed Internet access and cable television. The hotel also offers flexible meeting space, banquet facilities, and a restaurant on site. The current owner completed a $1.3 million renovation in 2005. The property is offered on a Pro Formal basis, assuming revenues comparable to the competitive set of hotels in the area.
Additional Property Features
| Gross Schedule Income: | $2,195,035 | Operating Expense: | $60 | Net Operating Income: | $878,014 |
| Total Monthly GSI: | $171,607 | Land: | Parking Space: | 87 | |
| Lot Number: | 1 | Tract#: | 1 | ||
| Year Built: | 1961 | Bldg Dimension: |
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