PRICED TO SELL.
The Little Tokyo Hotel is an established hospitality property located in the heart of the historic Little Tokyo neighborhood in Los Angeles.
This three-story property boasts a total area of approximately 14,100 sq. ft. and features 38 guest rooms on the second and third floors. The rooms come equipped with shared bathroom and shower facilities, and guests have access to a communal kitchen and laundry room. On the first floor, there are two well-known restaurants, Marugame Monzo and Daikokuya, which add to the charm and convenience of
the hotel.
Currently, 13 of the 38 guest rooms are occupied by long-term guests(known as 13 SRO Rooms), providing a steady source of income.
However, operating the hotel as a traditional hospitality business could potentially generate even more income. In addition to the guest
rooms, there is one vacant retail space, which represents a promising income opportunity.
The presence of popular restaurants on the premises and an available retail space further enhances the potential profitability of this investment opportunity.