8244 Orion Ave | Van Nuys, CA 91406
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- LoopNet Team
8244 Orion Ave
Van Nuys, CA 91406
Holiday Inn Express Van Nuys · Hospitality Property For Sale · 119,518 SF
Investment Highlights
- Cash-flowing, upscale, interior corridor, limited service hotel.
- Visible from the heavily traveled I-405 and strategically located near major demand generators in the area.
- Exceptional value-add opportunity to reposition a well-situated asset in a desirable lodging market.
- Current franchise agreement is set to expire in 2021 allowing investors to explore rebranding opportunities.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 7 |
| Property Subtype | Hotel | Year Built/Renovated | 1967/2001 |
| Building Class | B | Parking Ratio | 1.96/1,000 SF |
| Lot Size | 1.84 AC | Corridor | Interior |
| Building Size | 119,518 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.84 AC |
| Building Size | 119,518 SF |
| No. Stories | 7 |
| Year Built/Renovated | 1967/2001 |
| Parking Ratio | 1.96/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- On-Site Bar
- Meeting Event Space
PROPERTY TAXES
| Parcel Number | 2654-038-017 | Improvements Assessment | $12,847,527 |
| Land Assessment | $7,162,882 | Total Assessment | $20,010,409 |
PROPERTY TAXES
Parcel Number
2654-038-017
Land Assessment
$7,162,882
Improvements Assessment
$12,847,527
Total Assessment
$20,010,409
zoning
| Zoning Code | CM, Los Angeles (Commercial) |
| CM, Los Angeles (Commercial) |
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