Savient Financial
Listed by Savient Financial
$8,900,000
The Palms Inn & Suites
Details
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 31,725
Units 117
Cap Rate 11.24%
NOI $1,000,000
Price per SqFt $281
Year Built 1986
Buildings 2
Stories 3
Lot Size (SqFt) 106,120
Zoning Commercial C2
Parking Spaces 120 spaces
Parking Per SqFt 3.78
Hospitality | 11.24% CAP
Marketing description
The Palms Inn & Suites presents a compelling opportunity for Los Angeles County or mission-driven organizations seeking to expand interim or supportive housing solutions. Strategically positioned along a major commercial corridor with convenient access to public transportation, essential services, and regional employment centers, the property is well-suited for adaptive reuse under programs such as Project Homekey. The existing layout, including 117 guest rooms across three stories, provides a solid foundation for conversion to supportive housing.
Investment highlights
Gross Scheduled Income: $1,700,000
Net Operating Income: $1,000,000
Price per sq ft: $281
Zoning: Commercial C2
Multiple building configuration
Potential for adaptive reuse and supportive housing conversion
Listing Contacts
Savient Financial
Listed by Savient Financial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,000,000.00
$83,333.33/mo
Valuation Metrics
0
DSCR
11.24%
Cap Rate
11.24%
ROI
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