17539 Elizabeth Lake Road, Lake Hughes, CA 93532

Building Details

Building Size 9,191 SF More

Year Built 1929 More

Stories 1 More

Listing Agency: Seffi Toneman, Broker

Listed By: Seffi Toneman · License #CA 01878066 Show Phone

Source: Evrealestate

Added: Jul 31 Changed: Nov 2 Last Checked: Nov 8 at 6:20AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Seffi Toneman, Broker

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Investment Insights

Based on property information with market context.

This hotel property dates to 1929 and includes propane among its interior features. Exterior details include open areas and on-street access. The property is located at 17539 Elizabeth Lake Road in Lake Hughes, California, within Los Angeles County. Access is directed from Elizabeth Lake Road to Hill Trail, and the zoning designation is LA County CRU.

Key Highlights

• Hotel property built in 1929
• LA County CRU zoning
• Propane interior feature

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,300

Cap Rate

3.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,146,000 $1.1M

Cap Rate 7%

$818,571 $818.6K

Cap Rate 9%

$636,667 $636.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,191 SF

Gross rent

$137.9K $15.00/SF

− Vacancy

−$17.2K −$1.88/SF

EGI

$120.6K $13.13/SF

− OpEx

−$63.3K −$6.89/SF

NOI

$57.3K $6.23/SF

Area

Los Angeles County, CA

Vacancy

12.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,146,000

Cap Rate 7%

$818,571

Cap Rate 9%

$636,667

Alternative Uses

Best Use

Hotel Hospitality

$818.6K

$716.3K – $955.0K (±1% cap)

NOI $57,300 @ 7.0% cap · market cap 3.82%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.92M

$4.31M – $5.74M (±1% cap)

NOI $344,458 @ 7.0% cap · market cap 22.98%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Hotels

Suggested Use

Top Pick Building Supply Auto Parts Store Garden Center Wine and Liquor Store Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

30

Businesses Nearby

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Demographics for 93532, CA

2,373

Population

1,174

Households

2

Avg Household Size

44

Median Age

23%

College-Educated

92%

High-School Grad

122.0 sq mi

ZIP Area

19

Density / Sq Mi

$99,432

Median Household Income

$54,159

Median Earnings

$1,700

Median Rent

$410,000

Median Home Value

Market

Properties on Market for Hotels in Los Angeles County

Jul

Aug

Sep

Oct

Frequently Asked Questions

What type of property is this?

Hotel - Hotel property with propane service and LA County CRU zoning.

Where is this hotel located?

The property is located at 17539 Elizabeth Lake Road Lake Hughes, CA.

What is the asking price?

The asking price for this property is $1,499,000.

What are key features of this property?

This property features: Hotel property built in 1929; LA County CRU zoning; Propane interior feature