1895 Monterey St, San Luis Obispo, CA 93401-2613
- Motels
- 5,192 SF
- 1.35 lot acres
Current Use by Public Records
- Inn at San Luis Obispo / Hotel & Motel
Property Details for 1895 Monterey St
- Year built
- 1961
- Construction
- WOOD
- Lot size
- 1.35 lot acres
- Zone code
- CT
- Property type
- Motels
- APN
- 001-152-015
- APU
- 1152015
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 27, 2026 | — | Rameshbhai B Panchal And Kalpana R Panchal Li | Panchal Rameshbhai | Deed · related | — |
| Jan 30, 2026 | $7,220,000 | Slo Hotel Group LLC | Rameshbhai B Panchal & Kalpana R Pa | Grant Deed | $4.7M · Pacific Alliance Bank |
| May 8, 2025 | — | Rameshbhai B Panchal | Rameshbhai B Panchal | Deed · related | — |
| Mar 24, 2023 | $6,800,000 | Ramesh Panchal | Yatin Naran | Grant Deed | $3.8M · Santa Cruz County Bank |
| Jan 31, 2023 | $2,429,000 | Tejal Patel | Yatin Naran | Grant Deed | — |
| May 11, 2006 | — | Yatin Naran | Aurignac,patrick | Grant Deed | $3.1M · Santa Lucia Bank |
| Aug 1, 2005 | — | Somerset Inn LLC | Aurignac,patrick & Alison | Grant Deed | — |
| Mar 24, 2004 | — | Property Resources INC | Binkele Trsut | Grant Deed · related | — |
| May 28, 2002 | — | Binkele Trust | Binkele,robert E | Quit Claim Deed · related | — |
| Jan 13, 1994 | $1,750,000 | Robert E Binkele | Binkele Properti | Quit Claim Deed · related | — |
| Jan 13, 1994 | — | Robert E Binkele | Binkele,cynthia | Quit Claim Deed · related | $1.4M · Wells Fargo Bank |
| — | — | Yatin Naran | — | Deed Of Trust · related | $150k · Heritage Oaks Bank |
| — | — | Yatin Naran | — | Deed Of Trust · related | $300k · Santa Lucia Bank |
| — | — | Yatin Naran | — | Deed Of Trust · related | $3.9M · Heritage Oaks Bank |
| — | — | Patrick Aurignac | — | Deed Of Trust · related | $100k · Mission Community Bank NA |
| — | — | Yatin Naran | — | Deed Of Trust · related | $100k · Heritage Oaks Bank |
| — | — | Robert E Binkele | — | Deed Of Trust · related | $1.5M · Mid State Bank |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,260,000
- ML approach
- $7,130,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,303,000
Market price range: $1.42M - $4.30M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Luis Obispo
- County
- San Luis Obispo
- State
- California
- Longitude
- -120.65
- Latitude
- 35.2891
- CBSA code
- 42020
- CBSA name
- SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA
