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1730 N Western AveLos Angeles, CA 90027
Cara Hotel
Asset ClassHotel & Hospitality
# Keys60
Land: 0.77 Acres# Stories: 2Parking Spaces: 36 SpacesAccess Data Room
60 Keys, design-forward, award-winning F&B, independent, Los Feliz
overview of deal

Overview

Lee & Associates Los Angeles West, Inc. has been exclusively retained to offer for sale the fee simple interest in the Cara Hotel (the "Property" or "Hotel"), a recently repositioned, award-winning 60-key boutique hotel with a critically acclaimed on-site restaurant, Cara Restaurant.

 

Nestled in the foothills of Griffith Park in the heart of Los Feliz — one of Los Angeles' most sought-after neighborhoods, adjacent to Silver Lake and minutes from Hollywood — the Hotel embodies a deep connection to the spirit of California through thoughtful design, breezy patios, and private courtyard balconies that blur the line between indoor and outdoor living.

 

The Property underwent a comprehensive $17.8 million renovation ($297K per key) that took the asset down to the studs before reopening in September 2020 as a premier luxury-lifestyle destination. Since reopening, the Hotel has earned significant accolades and press coverage, establishing itself as a standout among LA's independent boutique offerings.

 

The Hotel benefits from exceptional proximity to major leisure and corporate demand generators, including the Hollywood Bowl, the Greek Theatre, Crypto Arena (headquarters venue for the 2028 Olympics), and the global entertainment capital of Hollywood, along with a dense concentration of top-tier dining, retail, and cultural destinations.

 

Los Angeles is entering an unprecedented stretch of marquee events over the next three years: NBA All-Star Weekend (2026), the FIFA World Cup (2026), the Super Bowl (2027), and the Summer Olympics (2028). In anticipation, the city is investing heavily in infrastructure — including a $15.0 billion LAX modernization project and a significant expansion of the Los Angeles Convention Center — positioning the market for a sustained surge in visitor demand.

 

This fully unencumbered, non-union offering represents a compelling opportunity to acquire a fully renovated luxury boutique asset in a supply-constrained submarket with meaningful value-add upside.

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Investment Highlights

  • Fully Renovated Luxury Boutique Asset — Transformative $17.8MM ($297K/key) gut renovation completed in 2020, with continued upside through operational and revenue optimization
  • Strong In-Place Cash Flow with Value-Add Upside — Stable operating performance with clear pathways to enhance yield through rate growth, ancillary revenue, and operational efficiencies
  • Award-Winning Food & Beverage Platform — Cara Restaurant operates as a standalone demand generator, attracting notable clientele and driving meaningful ancillary revenue
  • Premier Los Feliz Location at the Center of LA's Top Demand Drivers — Adjacent to Hollywood, Silver Lake, and Griffith Park, with proximity to the Hollywood Bowl, Greek Theatre, Crypto Arena, and Dodger Stadium
  • Unprecedented Macro Tailwinds — Los Angeles is hosting NBA All-Star Weekend (2026), the FIFA World Cup (2026), the Super Bowl (2027), and the Summer Olympics (2028), supported by $15B+ in infrastructure investment
  • High-Barrier-to-Entry Submarket with Constrained Supply — Minimal new hotel construction in the trade area, protecting rate integrity and market positioning
  • Fee Simple, Unencumbered & Non-Union — Offered free of brand and management obligations, providing maximum flexibility for a new operator or owner
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1730 N Western AveLos Angeles, CA 90027
Greek Theater
Hollywood
Silverlake
Dodger Stadium

Sales Team

Brad McCoyCo-President

License #: 01938098

310.418.1692 mobilebrad@bradmccoy.com
Conor HalloranPrincipal

License #: 02085970

323.590.9494 mobileconor@leewestla.com
Dylan Mahood, CCIMPrincipal

License #: 02027002

310.488.2373 mobiledylan@leewestla.com
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