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Listed by Jignesh Patel • Sage Real Estate Group Inc
$2,399,999
Est. payment /mo
5,304 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 5,304 sqft
Price per Sqft $452
MLS Listing ID CRRS25277235
HOA Y/N No
Year Built 1923
Lot Size 5,005 Sqft
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
Property Description
THE ROYAL HOTEL San Pedro, CA | 20 Units | $120,000/Door | 5.28% Cap | 10 GRM Rare opportunity to acquire a renovated hotel just blocks from the $150M+ West Harbor waterfront development. This 42-acre destination features 150,000+ SF of dining and entertainment, a 6,200-seat amphitheater, California's tallest Ferris wheel, and a mile-long promenade-transforming San Pedro into a premier coastal destination. The Royal Hotel offers 20 bachelor units across two floors with communal restrooms, on-site laundry, and a 1BR/1BA manager's unit with full kitchen. Each room includes vinyl flooring, bed, mini-fridge, flat-screen TV, sink, DirecTV, and WiFi. The property is ideal for students, traveling professionals, and extended-stay guests seeking an affordable coastal location Prime Walkable Location: Steps from downtown San Pedro and the Metro Silver Line connecting to DTLA. Walk to Battleship USS Iowa, LA Maritime Museum, the Warner Grand Theatre, First Thursday Art Walk, and the new West Harbor waterfront. Free Downtown Trolley and Commuter Express 142 to Long Beach/Metro A Line nearby. Recent Upgrades: Complete electrical system with new main panel, PEX and copper plumbing throughout, new flat roof (2023), and new rear metal staircase (2023). Investment Metrics: $120,000/door | 5.28% C
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public
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