|ADDRESS||423 W. 8th St. Los Angeles, CA|
|OVERVIEW||107 Residential & 2 Commercial Units|
Hotel Bristol is a 32,610 SF building that was acquired by Shomof Group in 2009 and converted into 100 affordable units before changing hands in 2011. Located in the center of downtown Los Angeles at 8th and Olive across from the new Whole Foods, and the Bristol had a moratorium on it when purchased and was scheduled to remain vacant until 2032, unless it was converted into affordable housing. In just over a year, Shomof Group completely remodeled the whole building and saw it begin to flourish with new residents and ground floor retail that followed shortly thereafter.
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