RealEstateNews

LA’s infamous Cecil Hotel goes up for sale

The Cecil Hotel — the infamous Los Angeles site of mysterious deaths and a Netflix true crime documentary — is now up for sale.

The property was developed as a luxury hotel in the 1920s but was converted to homeless housing in 2019 with $45 million in financing from the L.A. City Council. It reopened in 2021 as the Hotel Cecil Apartments.

According to the listing on LoopNet, there are 91 years remaining on the ground lease for the 601-unit housing complex.

The hotel’s history is so grim that it has inspired both real and fictionalized accounts of horror. At least 16 people have died on the premises, according to Esquire.

Perhaps the most famous case was that of a Canadian tourist, who was killed in the hotel under mysterious circumstances. In 2013, she went missing for 19 days before being found in a water tank at the roof of the hotel. The mystery surrounding the case resulted in a Netflix documentary called “Crime Scene: Vanishing at the Cecil Hotel.”

The property also housed serial killers Jack Unterwerger and Richard Ramirez (also known as the Night Stalker). Ramirez reportedly stayed in the hotel during his 1985 killing spree.

This hotel’s notoriety reportedly inspired the fifth season of television anthology series “American Horror Story.” In a 2015 interview, Ryan Murphy, the show’s creator, said that he based the season on the Cecil Hotel and the disappearance of the Canadian tourist.

The asking price for the Cecil Hotel was not disclosed.

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Source: The Real Deal