Quick Summary:

20-units w/ additional included 2BD/1BA detached SFR

~6000sqft total building sqft

~15,000sqft lot size

Located on Pacific Coast Highway

4-blocks from water (less than 10-minute walk).

Proforma 5%+ if running as standard motel. 7%+ if spending some money for larger renovation to 3/4-star level boutique hotel. (Current average nightly rate is $120-160/nt)

Asking $5,999,999 (2% broker coop)

Marketing video is at:

https://www.youtube.com/watch?v=39PG6fUWI_Y&feature=youtu.be