1123 W 7th,Los Angeles, CA 90017
Los Angeles, CA 90017
Description
Rare opportunity to lease a hospitality asset in the heart of Downtown Los Angeles. Strategically located within one of Southern California's most active business, entertainment, and tourism corridors, the property offers exceptional visibility and immediate access to LA Live, Crypto.com Arena, the Los Angeles Convention Center, the Financial District, the Arts District, and major transportation routes. Containing approximately 20,368 square feet, the property presents an outstanding opportunity for an experienced hotel operator, boutique hospitality brand, extended-stay concept, workforce lodging provider, or other qualified lodging operator seeking a premier Downtown Los Angeles location. Surrounded by residential towers, office buildings, restaurants, entertainment venues, and cultural destinations, the asset benefits from strong year-round demand drivers and a highly walkable urban setting. In addition to the lodging component, the property includes two ground-floor commercial spaces totaling approximately 2,000-3,000 square feet. One space is configured as a restaurant, while the second is a retail/storefront space, providing additional revenue opportunities and enhancing the property's street presence. The property also features 20+ on-site parking spaces, a valuable amenity in the Downtown Los Angeles market for guests, employees, and commercial tenants. The property offers significant repositioning and value-add potential for operators seeking to establish or expand their presence in the Los Angeles market. Its central location provides convenient access to major employment centers, regional transit, freeways, sports and entertainment venues, and Downtown's growing residential population. Ownership is seeking a qualified tenant with the operational expertise and financial capacity to maximize the property's long-term potential. This is a unique opportunity to secure control of a well-located hospitality asset in one of the most recognizable urban markets in the United States.
Details
| MLS # | SR26132948 |
|---|---|
| Listing Type | For Lease |
| Style | Hotelmotel |
| Status | Active |
| Year | 1964 |
| Days On Site | 80 |
| Listing Provided By | Anca C. Horovitz | Anca Horovitz |
Features
| SQ Feet | 20,368 |
|---|---|
| Story(s) | 3 |
| Acreage | 0.50 |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90017 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90017) | |
Price: $135,000 low | high Med: $2,100,000 sqft: 20,368 low | high Med: 11,088 $ / sqft: $7 low | high Med: $189 On site: 80 low | high Med: 761 | |
Market Activity 90017
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90017 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90017) | |
Price: $135,000 low | high Med: $2,100,000 sqft: 20,368 low | high Med: 11,088 $ / sqft: $7 low | high Med: $189 On site: 80 low | high Med: 761 | |
 | $488,888715 WitmerLos Angeles, CA 90017 |
 | $2,188,888715 WitmerLos Angeles, CA 90017 |