Listed by Marcus & Millichap - Downtown San Diego, Marcus & Millichap - San Diego
$4,699,000
El Rancho Motel - 370 Orange Avenue, Coronado CA 92118
Details
Property Type Hospitality
Sub Type Motel
Square Footage 1,895
Beds 14
Cap Rate 4.92%
NOI $230,967
Pro-Forma Cap Rate 6.99%
Pro-Forma NOI $328,475
Price per SqFt $2,480
Buildings 2
Lot Size (SqFt) 6,866
Zoning R-4
Investment Type Value Add
Ownership Private
Coronado Hospitality Opportunity | 4.92% CAP | Crown Isle Investment
Investment highlights
Supply Constrained prime Coronado location near the beach, bay, Ferry Landing, and Hotel del Coronado
Legal nonconforming use: originally a 10-unit apartment building, currently grandfathered & operating as a 11room motel
Six on-site parking spaces and a bi-level outdoor patio
Walk Score of 86 with strong pedestrian access along Orange Ave
Zoned R-4 with options to operate as-is, enhance, or redevelop (+/- 7k SF Lot)
Listing Contacts
Listed by Marcus & Millichap - Downtown San Diego, Marcus & Millichap - San Diego
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$230,967.00
$19,247.25/mo
Valuation Metrics
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DSCR
4.92%
Cap Rate
4.92%
ROI
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