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    4563 Avenue Lancaster, CA 93536

    For Sale
    $11,000,000

    Historic 37-key hotel, high income potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 37-key hotel in Lancaster, CA presents a compelling investment opportunity. Located at 4563 W Ave M-4, this historic property, built in 1926 and renovated in 1988, sits on a spacious 1.99-acre lot. The property comprises four single-story buildings totaling 14,677 square feet. Currently generating $42,000 in monthly rent from month-to-month leases, there's significant potential to increase monthly income to $55,000 through effective management strategies. The property's location in Los Angeles County, zip code 93536, benefits from a growing population and strong median household incomes, promising a robust return on investment. The charming architecture and expansive lot offer considerable development potential. This is a rare chance to acquire a well-established hotel with substantial upside in a thriving California market. The asking price is $11,000,000. This property is offered as-is.

    Property Features for 4563 Avenue

    General Information

    Property type
    Hotels
    Lot Size
    86,684 SF

    Building Details

    Year Built/Renovated
    1926/1988
    Buildings
    4
    Stories
    1

    HighLights

    • $11,000,000 asking price.
    • 37‑key hotel in Lancaster, CA.
    • 1.99‑acre lot with four, single‑story buildings.
    • Built in 1926, renovated in 1988.
    • Currently generating $42,000 in monthly rent with upside potential to $55,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartments on M4 Apartment Complex

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.2118856
    Latitude
    34.6420033

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    FAQs

    What type of property is this?
    Hotel - Historic 37-key hotel, high income potential
    Where is this hotel located?
    The property is located at 4563 Avenue Lancaster, CA.
    What is the asking price?
    The asking price for this property is $11,000,000.
    What are key features of this property?
    This property features: $11,000,000 asking price.; 37-key hotel in Lancaster, CA.; 1.99-acre lot with four, single-story buildings.
    Request Owner's contact information
    4563 Avenue Lancaster, CA 93536
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    Lancaster, CA 93536
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4563 Avenue Lancaster, CA 93536
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