AiDS Healthcare Foundation Acquires Hotel In Los Angeles For $6.7M
SOLD
$6,700,000
California
See Similar DealsHotel
Sold 01/11/2023
SOLD
AiDS Healthcare Foundation Acquires Hotel In Los Angeles For $6.7M
116 East 5th Street, Los Angeles, California 90013, United States
See Similar DealsHotel
Sold 01/11/2023
Summary
CALIFORNIA
Asset Type:Hotel
Transaction Type:Sale
The AiDS Healthcare Foundation, represented by Michael Weinstein, has acquired a hotel property located at 116 E 5th St in Los Angeles. The transaction took place on 01/11/2023 for a sale price of $6,700,000. The hotel consists of 62 keys, with a price per key of $108,065.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $6,700,000
- Address: 116 E 5th St
- Market: Los Angeles
- Buyer: The AiDS Healthcare Foundation - Michael Weinstein
- Keys: 62
Michael Weinstein, representing The AiDS Healthcare Foundation, played a key role in the acquisition of this hotel property in Los Angeles. This transaction adds to the foundation's portfolio and aligns with their mission of contributing to the healthcare industry.
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Deal Type
30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$357,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02
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