For Sale

Redevelopment Project for Hotel near Downtown

850 S Bonnie Brae St., Los Angeles, CA 90057

Price:$7,499,999

Property Type: Redevelopment Project for Hotel near Downtown
Secondary Type:Storefront Retail/Office-Medical/dental/
Building Status:Existing GLA:15,948SF/Floors:2/Typical Floor:7,974SF
Year Built:1932/APN:5142-005-009 /Construction: Masonry/Parking:20 Spaces
1.25 Ratio /Land Area:14,250 SF/Zoning:LAC2 /Occupancy:Available In 60 Days
(All tenants has month to month contracts) /Sale Notes: "As is" Sale

Description

Welcome 1031 Exchange Great redevelopment opportunity for Hotel/Motel near Downtown area (5-10 minutes distance to LA Live, LA Convention Center, Microsoft Theater and Staples Center) Currently used as church(200 seats) and 4 retail stores (revenue approx.$15,000(Monthly), 20 parking spaces/Zoning: LAC2 /Located on Bonnie Brae Street and James M Wood(9th Street) just north of Olympic Blvd and few blocks west of Union Ave near hot Downtown(Construction Boom) / Near Koreatown and heart of LATINO COMMUNITY

===========================================================================================

Large size for Charter School, Housing or Hotel Project

225 N Rancho Santa Fe Rd, San Marcos, CA 92069

Price:$5,999,999

Price/SF:$171.74Cap Rate:5.43%NOI:$325,500/APN:219-115-35-00
Building Status:Existing GLA:34,937SF/Floors:2/Typical Floor:17,468SF/Year Built:1974
/Construction:Wood Frame/Parking:50 Spaces/ 1.43 Ratio /Land Area:3.11 AC/ Zoning: C

Description

"As is" Sale and welcome 1031 Exchange. Redevelopment and Renovation opportunity for housing project(Single house,Condo or Apartment, Hotel ) and for retail and office project. No including Liquor store business and land of around 21,780 SF(0.5 Acres) of Liquor store area (Subdivision Pending) ?only 3.11 Acres land(from total lot size:3.61 Acres) for sale. Leased Liquor store owner has 45 days First Buying Option. Buyer to verify all informations.

===========================================================================================

Red Roof Plus+ Hotel, Williams | Grand Canyon, AZ

642 E. Route 66, Williams, AZ 86046

Price:$7,750,000

47,712 SF Hospitality Building Offered at $7,750,000 at a 11.47% Cap Rate in Williams, AZ

Highlights

• 96 Unit fully renovated hotel located in Williams, Arizona, also known as the Gateway to the Grand Canyon!
• 2 Managers Quarters on Property which are not included in the room count. First Apartment is 2,800 SF and the second apartment is 1,700 SF.
• Recent Property Appraisal Value Significantly Higher than List Price!!!
• Current Manager Willing to Stay On for New Owner!
• Extensively Renovated and converted to Red Roof Plus+ in 2017/2018. New Roofs on all Buildings!
• Conveniently located off I-40 Freeway on your way to the Grand Canyon. Located on the Historic Route 66 Highway close to many of the areas Major Attraction!
• 300 seat Banquet Hall w/restaurants and bar

INVESTMENT SUMMARY

The Red Roof Plus+ Williams | Grand Canyon presents investors with a great opportunity to acquire this completely renovated, turnkey hotel property. In late 2017 to early 2018 the hotel went from being an independent property to what it is now, a Red Roof Plus+. This exterior corridor property consist of 96 guest rooms and has along with a on-site restaurant that the seller currently have leased out.

Williams is a city in Northern Arizona known as the gateway to the Grand Canyon National Park via the Grand Canyon Railway. Red Roof PLUS+ Williams | Grand Canyon is one of the best 100% smoke-free budget hotels in Williams, AZ that is near downtown Williams and less than an hour away from the Grand Canyon National Park. You can find this property right on Route 66 with easy access to I-40, making for a direct 30-minute drive to Flagstaff. This Red Roof Inn Plus is also near the Grand Canyon Railway, the Williams Route 66 Open Air Museum, Pete’s Route 66 Gas Station Museum, Our Mountain Home Gallery, Planes of Fame Air Museum, Wild West Junction, Bearizona Wildlife Park, Grand Canyon Deer Farm, Kaibab National Forest, Elk Ridge Ski Area, Northern Arizona University, High Country Conference Center, Flagstaff Pulliam Airport (FLG) and Flagstaff Medical Center.

THE OFFERING

Price	$7,750,000	Average Daily Rate	$74.56
Sale Type	Investment	Revenue/Avaiable Room	$54.33
Cap Rate	11.47%	Average Occupancy	73%
Sale Conditions	Business Value Included	No. of Rooms	98
Property Type	Hospitality	No. of Stories	2
Property Sub-type	Hotel	Year Built	1973
Building Class	B	Corridor	Exterior
Lot Size	6.65 AC	Average Daily Rate	$74.56
Price	$7,750,000	APN/Parcel ID	200-08-006G
Building Size	47,712 SF

Description

The Red Roof Plus+ Williams | Grand Canyon presents investors with a great opportunity to acquire this completely renovated, turn key hotel property. In late 2017 to early 2018 the hotel went from being an independent property to what it is now, a Red Roof Plus+. This exterior corridor property consist of 96 guest rooms, with on-site restaurant, which the seller currently have leased out. The Unit Mix at the property consist of 14 rooms with king beds and 82 rooms with two queen beds. On property there is also two managers apartments which are 4,500 SF combined. First apartment is 2,800 SF and the second apartment is 1,800 SF. Currently the restaurant at the property is leased out by one of the premier restaurant operators in the City of Williams, AZ.

Williams is a city in Northern Arizona known as the gateway to the Grand Canyon National Park via the Grand Canyon Railway. Red Roof PLUS+ Williams | Grand Canyon is one of the best 100% smoke-free budget hotels in Williams, AZ that is near downtown Williams and less than an hour away from the Grand Canyon National Park. You can find this property right on Route 66 with easy access to I-40, making for a direct 30-minute drive to Flagstaff. This Red Roof Inn Plus is also near the Grand Canyon Railway, the Williams Route 66 Open Air Museum, Pete’s Route 66 Gas Station Museum, Our Mountain Home Gallery, Planes of Fame Air Museum, Wild West Junction, Bearizona Wildlife Park, Grand Canyon Deer Farm, Kaibab National Forest, Elk Ridge Ski Area, Northern Arizona University, High Country Conference Center, Flagstaff Pulliam Airport (FLG) and Flagstaff Medical Center.

This Red Roof PLUS+ in Williams, Arizona is close to the events happening in downtown Williams as well as the breathtaking scenery found at Grand Canyon National Park. For the Guest who love museums? There is much to explore with the memorabilia at Pete’s Route 66 Gas Station Museum and the Planes of Fame Air Museum, then take a stroll along the downtown streets for the Williams Route 66 Open Air Museum. Zoom by Ponderosa Pine when you take a ride on the Grand Canyon Railway and travel back in time to the Old West at Wild West Junction. See your favorite wild animals up close at Bearizona Wildlife Park, then pet and feed the deer at Grand Canyon Deer Farm. Feeling adventurous? Explore the hiking or mountain biking trails at Kaibab National Forest or go downhill skiing on the slopes at Elk Ridge Ski Area. Drive over to Flagstaff to tour the campus of Northern Arizona University, attend an event at High Country Conference Center or spend the day outdoors at the Arizona Snowbowl and Buffalo Park. We are also near the flights out of Flagstaff Pulliam Airport (FLG) and the medical facilities at Flagstaff Medical Center.

===========================================================================================

160 Acres Vacant Land, Phelan, CA

7925 Mesquite Road, Phelan, CA

Price:$1,595,000

Acreage: 160 Acre    Zoning: RL (Rural Living - 5 acre zoning)    APN:3038-291-01

Highlights

• Ideal for residential complex development
• Ideal for RV park or Mobil home park
• Ideal for Public Cemetery

===========================================================================================

20 Acres Vacant Land, Pinon Hills, CA

2476 Smoketree Road, Pinon Hills, CA

Price:$195,000

Acreage: 20 Acre    Zoning: Industrial    APN:3068-551-03

Highlights

• Ideal for factory location
• Ideal for recycling business
• Ideal for warehouse