34540 Engineers RdJulian, CA 92036

Property Details for 34540 Engineers Rd

Year built

1997

Lot size

4.03 AC

Property size (Sq ft)

6,395 SF

Zone code

R-1:SINGLE FAM-RES

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

294-070-47-00

APU

2940704700

Description

Exceptional investment opportunity: A 16-key luxury wellness retreat nestled in the picturesque hills of Julian, San Diego County, California. This fee-simple property, built in 1995 and extensively renovated between 2020 and 2023, boasts a prime 4.03-acre location overlooking Lake Cuyamaca. The three-story building offers spacious suites, each featuring private lake-view balconies, whirlpool soaking tubs, and steam showers. Amenities include a spa, 24-hour gym, library, yoga room, jacuzzi, and a rose tea garden. The property's all-inclusive packages cater to guests seeking healing, rejuvenation, and relaxation. With a pro-forma NOI of $990,576 and a pro-forma cap rate of 11.65%, this retreat presents a compelling investment prospect in a rapidly growing wellness tourism sector. The asking price is $8,500,000, with a price per key of $531,250. Located at 34540 Engineers Rd, Julian, CA 92036 (APN 2940704700), this retreat offers a unique blend of modern amenities and natural beauty, just an hour from San Diego. The property's high elevation provides guests with the opportunity to experience all four seasons. This turnkey operation is ready for a new owner to capitalize on the increasing demand for wellness tourism.

• CAP approach

  CAP return

  Valuation

  6%

  $1,473,580

  6.5%

  $1,360,228

  7%

  $1,263,069

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,231,592

  Geo Method

  $2,588,475

• Alternative Use

  Use

  Valuation

  Residential

  $1,725,507

  Hospitality

  $1,580,555

  Educational

  $1,315,003

  Medical

  $1,360,228

  Retail

  $2,045,560

Location Insight

City

Julian

County

San Diego

State

California

Latitude

32.9922

Longitude

-116.584

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.