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28955649
28955656

238 W 10th St, Los Angeles, CA 90731

JP
CA 01941349
Sage Real Estate
Listed by Sage Real Estate
$1,899,999
168 days on market
Updated 22 days ago

Royal Hotel

Details
APN 7455024017
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 5,304
Keys 20
Beds 20
Cap Rate 7.47%
NOI $141,892
Occupancy 60%
Pro-Forma Cap Rate 11.38%
Pro-Forma NOI $216,212
Price per SqFt $358
Broker Co-Op Yes
Year Built 1923
Year Renovated 2018, 2023
Buildings 2
Stories 2
Lot Size (SqFt) 5,005
Investment Type Value Add
Sale Condition 1031 exchange

20 Room Hotel I $95,000/Key I Coastal Socal Location

Marketing description

🚨 $400,000 Price Reduction – Now $1,899,999

THE ROYAL HOTEL | San Pedro, CA

20 Room | $95K/Door

Rare opportunity to acquire a renovated 20-Room SRO hotel just blocks from the $150M+ West Harbor waterfront redevelopment transforming San Pedro into a premier coastal destination. The property features 20 rooms, communal restrooms, on-site laundry, and a 1BR manager’s unit.

Recent upgrades include new electrical system, PEX & copper plumbing, new roof (2023), and new rear staircase (2023).

Prime walkable location near Downtown San Pedro, Metro Silver Line to DTLA, USS Iowa, Warner Grand Theatre, and the new waterfront development.

Investment Highlights:

• $95K per door

• SBA financing potential (buyer to verify)

Ideal for supportive housing, transitional housing, sober living, multifamily conversion, or redevelopment as San Pedro continues its rapid growth.

Turnkey coastal investment in Southern California’s last affordable beach market.

Investment highlights

  • THE ROYAL HOTEL San Pedro, CA

  • 20 Units

  • $95,000/room

  • Potential SBA FINANCING AVAILABLE

Listing Contacts

JP
CA 01941349
Sage Real Estate
Listed by Sage Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$141,892.00
$11,824.33/mo

Valuation Metrics

0
DSCR
7.47%
Cap Rate
7.47%
ROI

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Additional Information

Name
Jack Patel
License
01941349
Brokerage Phone
213-453-2572
Brokerage Address
2734 East Broadway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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