The Winfield | 701 S Hill St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
The Winfield 701 S Hill St
124 Room Serviced Apartment Los Angeles, CA 90014 $65,000,000 ($524,194/Room) 8.42% Cap Rate
Investment Highlights
- Strong tenant with guarantees, no leaseup risk, 125 Residential Units 100% leased.
- Gorgeous historic building with an excellent mix of one-, two-, and three-bedroom units.
- Gorgeous historic building that was fully renovated in 2022 with brand new structural, roof, HVAC, units, lobbies, etc.
Executive Summary
New fully renovated Adaptive Reuse - Project completed in September 2023. Residential apartment units fully leased to hospitality tenant for ten years triple-net. Significant net operating income in place with annual escalations in the rent.
Property Facts
| Price | $65,000,000 | Lot Size | 0.29 AC |
| Price Per Room | $524,194 | Building Size | 142,675 SF |
| Sale Type | Investment | No. Rooms | 124 |
| Cap Rate | 8.42% | No. Stories | 13 |
| Property Type | Hospitality | Year Built/Renovated | 1929/2023 |
| Property Subtype | Serviced Apartment | Corridor | Interior |
| Building Class | B |
| Price | $65,000,000 |
| Price Per Room | $524,194 |
| Sale Type | Investment |
| Cap Rate | 8.42% |
| Property Type | Hospitality |
| Property Subtype | Serviced Apartment |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 142,675 SF |
| No. Rooms | 124 |
| No. Stories | 13 |
| Year Built/Renovated | 1929/2023 |
| Corridor | Interior |
Amenities
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
1 of 1
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 5144-013-020 | Improvements Assessment | $34,632,127 |
| Land Assessment | $15,010,827 | Total Assessment | $49,642,954 |
PROPERTY TAXES
Parcel Number
5144-013-020
Land Assessment
$15,010,827
Improvements Assessment
$34,632,127
Total Assessment
$49,642,954
zoning
| Zoning Code | C5-4D (Commercial) |
| C5-4D (Commercial) |
-
Michael Shustak -
Phillip Sample -
Chris Caras -
CBRE
1 of 24
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
The Winfield | 701 S Hill St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.