Updated Oct 29, 2024
AiDS Healthcare Foundation Acquires Hotel In Los Angeles For $6.7M
116 East 5th Street, Los Angeles, California 90013, United States
$6,700,000
Building Size
—
Asset Type
Hotel
Closing
Jan 10, 2023
About this deal
AI
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.
On the Map
$6,700,000
Hotel
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Los Angeles Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93