Subject hotel had a major renovation in 2007. In 2017, additional renovation has been made.
Parking requirement is 50; it has 70. it may be possible to add third floor at the front side to accommodate at least 10 more units as the zoning allows 45' height.
1. Very stable and easy to manage
2. Very High Net Operating Income
3. Flexibility in increasing ADR
4. No delayed PIP
4. Closer to CSUN with 39,916 Students and 2,096 academic staff
5. Tourists to Universal Studio
6. Visitors to local and neighborhood businesses and Woodland Hills Kaiser Permanente
Hospital
7. Many restaurants within 3 miles
8. North neighborhood is North Ridge, Porter Ranch; South is Encino; West is Tarzana,
Woodland Hills, Calabasas; East is Van Nuys, North Hollywood, Studio City, Burbank.
9. The area is improving every year
All the above information is based upon reliable sources. But Seller or Agents do not
guarantee it. Buyer shall inspect all information during the due and diligence period.
All the above information is confidential. The agent or buyer who shares this information
should handle it confidentially.
