San Carlos Inn | 1140 Morse Blvd
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San Carlos Inn 1140 Morse Blvd
10 Room Hotel San Carlos, CA 94070 $2,700,000 ($270,000/Room) 8.06% Cap Rate
Investment Highlights
- High potential for revenue growth with the opportunity to implement additional amenities and services
- The office is connected to a one-bed/bath apartment style unit.
- On-site parking available for added convenience
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,700,000 | Building Size | 3,171 SF |
| Price Per Room | $270,000 | No. Rooms | 10 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 8.06% | Year Built | 1960 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.52/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.11 AC |
| Price | $2,700,000 |
| Price Per Room | $270,000 |
| Sale Type | Investment |
| Cap Rate | 8.06% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,171 SF |
| No. Rooms | 10 |
| No. Stories | 2 |
| Year Built | 1960 |
| Tenancy | Single |
| Parking Ratio | 2.52/1,000 SF |
| Corridor | Interior |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 10 | $130.00 | - |
Walk Score ®
Walker's Paradise (95)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 051-358-230 | Improvements Assessment | $412,111 |
| Land Assessment | $467,402 | Total Assessment | $879,513 |
PROPERTY TAXES
Parcel Number
051-358-230
Land Assessment
$467,402
Improvements Assessment
$412,111
Total Assessment
$879,513
zoning
| Zoning Code | MU-D-120 (Mixed-Use Downtown. This district is intended to maintain the pedestrian-oriented environment around the downtown core.) |
| MU-D-120 (Mixed-Use Downtown. This district is intended to maintain the pedestrian-oriented environment around the downtown core.) |
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San Carlos Inn | 1140 Morse Blvd
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