Pinnacle Real Estate Group
Listed by Pinnacle Real Estate Group
$6,000,000
Casa Mariquita
Details
APN 7480018014
Property Type Hospitality
Sub Type Hotel
Square Footage 8,942
Keys 22
Beds 40
Pro-Forma Cap Rate 8.33%
Pro-Forma NOI $500,000
Price per SqFt $671
Year Built 1990
Year Renovated 2026
Buildings 1
Stories 3
Lot Size (SqFt) 6,530
Zoning SC
Hospitality | 22 Keys,8-25% CAP
Marketing description
Located in the heart of Catalina Island, the Casa Mariquita Hotel (APN: 7480-018-014) is a rare and exceptional commercial asset. Situated at 229 Metropole Ave in the prime area of Avalon, this hotel blends Spanish romantic charm with established tourism infrastructure. With a steady influx of visitors, the property boasts impressive profitability, with a Capitalization Rate (Cap Rate) ranging from 10% to 25%.
As land resources on the island become increasingly scarce, the potential for asset appreciation is projected to reach up to 40%. This property is not only a seaside vacation destination but also a benchmark investment with strong cash flow and high appreciation potential.
Listing Contacts
Pinnacle Real Estate Group
Listed by Pinnacle Real Estate Group
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