663 Old Mammoth Rd Mammoth Lakes, CA 93546
- Hotels
- 15,877 SF
- 0.78 lot acres
Current Use by Public Records
- Hotels
Property Details for 663 Old Mammoth Rd
- Year built
- 1970
- Construction
- WOOD
- Lot size
- 0.78 lot acres
- Property size
- 15,877 SF
- Zone code
- OMR
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 035-170-025-000
- APU
- 35170025000
Description
This exceptional 44-key hotel in Mammoth Lakes, California, presents a lucrative investment opportunity. The property boasts three buildings, each two stories high, and includes 26 existing rooms and 18 newly constructed luxury villas, also available for sale as individual condominiums. The hotel enjoys a 68.5% occupancy rate, generating an average rent per key of $409,091, resulting in a 9.78% cap rate (9.42% pro-forma). The asking price is $18,000,000. Amenities include an indoor spa with a jacuzzi, European dry sauna, and steam room
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mammoth Lakes
- County
- Mono
- State
- California
- Longitude
- -118.966
- Latitude
- 37.6365