Description

David Meir and KW Commercial have been retained as exclusive agent for the sale of the Bristol hotel - a historic 107-unit multi-family apartment property, that includes 6,250 square feet of ground floor retail, in the heart of downtown Los Angeles's historic core. The property was built in 1906 and was completely retrofitted and renovated from the ground up in 2010. New components of the building include brand new copper plumbing, a new roof, all new electrical wiring, a new heating system, and a new fire alarm/sprinkler system. The Apartment units have brand new bathrooms and vanities and the building features a chic lobby. One of the most significant trends in American Real Estate today has been the tremendous revitalization of urban living. Downtown Los Angeles, The financial and cultural center of southern California, exemplifies this trend as it emerges into a dynamic 24-hour city. Over $12 Billion in recent capital investment has brought new restaurants, entertainment venues, and cultural attractions to the city and represents just the beginning of the dramatic urban renaissance that is transpiring.

Downtown Los Angeles. Cross Streets: 8th and Olive.

****PRICE PER UNIT IS SKEWED DUE TO GROUND FLOOR RETAIL COMPONENT. PLEASE SEE FULL OFFERING MEMORANDUM.