Located in an Opportunity Zone! The pictures are of the actual apartments! The custom furniture and furnishing all come with the building. "StayTony, Hollywood" is a Branded Serviced Apartment Building (min one-month rental) located in prime Hollywood. StayTony is an established and growing brand known for providing fashionable corporate and short term fully furnished housing to companies, people relocating or on temporary job assignments, and people who want to live flexibility on a month to month lease. This is not an "Airbnb" and has always had a 30-night minimum. With 10 years of operating experience and 8 years of financials, you're not just purchasing a building, you're purchasing a lifestyle brand that guests crave! The current cap rate of 5.8% and GRM of 9.62 makes this a genuine opportunity! The purchase comes with an existing StayTony management agreement in place. There are 8 parking spaces. 6 of the 8 units will be delivered vacant and there are several options to achieve cash flow and build equity. Contact listing agents for all the details!
8 bd 55,413 sqft lot 80,320 sqft Hollywood