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21195154
21195155

2 Locations

CW
CA 01242718
CW Land Consultants, Inc
Listed by CW Land Consultants, Inc
$16,500,000
518 days on market
Updated 96 days ago

Green Gables Inn, Gosby House Inn

Details
APN 006-215-013
Property Type Hospitality
Sub Type Hotel, Motel
Keys 33
Cap Rate 6.22%
NOI $1,025,500
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 10
Year Built 1887
Year Renovated 2023
Buildings 4
Investment Type Sale/Leaseback
Sale Condition Sale for leaseback

$1 Million Price Reduction

Marketing description

301 Ocean View Blvd, Pacific Grove, California 93950

Green gables inn, the first four sisters inn, was originally built in 1888.It has been professionally managed by four sisters inns since 1978. In spring 2023, the iconic green gables inn underwent a sweeping renovation with all 11 guestrooms, common spaces, and dining areas thoughtfully elevated and refined for today’s discerning traveler. As a launching point for the activities of the greater monterey peninsula. Visitors find themselves immediately relaxed by the serene and calming interiors, mesmerized by the oceanfront views, inspired to experience the elegance of this stately in. The hotel has completed one year of management since the renovation. Year to date 2025, the hotel occupancy 86.4%, ADR $377.85.


643 Lighthouse Avenue, Pacific Grove, CA 93950

The Gosby House Inn, in Pacific Grove, California, is a two-story Victorian mansion that was built in 1887 by J.F. Gosby. The Inn evolved architecturally in stages, from a vernacular boarding house serving a religious retreat to a Queen Anne hotel catering to vacationers. The Victorian was listed on the National Register of Historic Places on December 2, 1980. All 22 guestrooms were redesigned in the Spring of 2023. You’ll find carefully curated elements surrounded by contemporary furnishings celebrating both the old and new. Many rooms feature a king bed, sitting area, fireplace, jetted spa, and some offer a private deck or window seat. The hotel has completed one year of management since the renovation. Year to date 2025, the hotel occupancy 78.9%, ADR $268.42.

Listing Contacts

CW
CA 01242718
CW Land Consultants, Inc
Listed by CW Land Consultants, Inc

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$1,025,500.00
$85,458.33/mo

Valuation Metrics

0
DSCR
6.22%
Cap Rate
6.22%
ROI

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Additional Information

Name
Corbett Wright
License
01242718
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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