For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

1895 Monterey St San Luis Obispo, CA 93401

View on Map
Loading data...
Loading data...
Loading data...
For Sale
Contact for pricing

40-key hotel, strong ROI potential

Property size:
17,264 SF

Property Features for 1895 Monterey St

General Information

Property type
Motels
Square Feet
17,264 SF
Lot Size
58,370 SF

Building Details

Year Built/Renovated
1961/2015
Buildings
2
Stories
2

We can help!

Listing Contact
Aaron Graves
Aaron Graves

Listing Agent: Aaron Graves

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

This 40-key hotel in San Luis Obispo, CA presents a compelling investment opportunity. Situated on a 1.34-acre lot at 1895 Monterey St, 93401, this property boasts 17,264 square feet across two, two-story buildings. Built in 1961 and extensively renovated between 2015 and 2016, the hotel benefits from a C-T-S Tourist-Commercial-Special Consideration Zone Overlay permitting. The asking price is $9,999,000, representing a price per key of $249,975 and a price per square foot of $579.18. The pro-forma NOI is $771,151, yielding a 6.80% cap rate. The property's prime location near downtown San Luis Obispo and a prestigious university ensures strong demand. The APN numbers are 001-152-015, 800-000129, 800-000-009, and 807-000-114. This is a value-add opportunity with significant upside potential for a savvy investor. All offers will be considered.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Inn at San Luis ... Hotel & Motel

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
San Luis Obispo
County
San Luis Obispo
State
California
Longitude
-120.65085367381
Latitude
35.289400520336

FAQs

What type of property is this?
Motel - 40-key hotel, strong ROI potential
Where is this motel located?
The property is located at 1895 Monterey St San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $9,999,000.
What are key features of this property?
This property features: $9,999,000 asking price for a 40-key hotel.; 17,264 square feet on a 1.34-acre lot in San Luis Obispo, CA.; 6.80% pro-forma cap rate with a $771,151 pro-forma NOI.
(805) 544-5500 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message