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Travelers Hotel 5815 Dunsmuir Ave

38 Unit Apartment Building $999,000 ($26,289/Unit) 12.25% Cap Rate Dunsmuir, CA 96025

Investment Highlights

  • Walkable to the Amtrak station
  • Seller financing
  • 30 condos and 8 commercial spaces
  • 20 Minutes to Mt Shasta Ski Park
  • Seller interested in potential partnerships with the right fit
  • Engineered s approved with current buildings permits

Executive Summary

Legacy Project in the center of Historic downtown Dunsmuir. Develop and own important Tourism infrastructure in the gateway to California's North. Ownership open to creative financing, such has owner-carry, equity partnership, or even a 2nd position lean, etc. Surrounded by conifer forests and alpine lakes, the Mt Shasta region is increasingly being hailed a junior, less crowded Tahoe.
Engineering and Planning already complete, a truly shovel-ready project.
Building permits are approved.
Potential preservation tax credit.
30 condos and 8 commercial spaces.

Data Room Click Here to Access

Financial Summary (Pro forma - 2024) 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 - 2024) 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 Under Contract

Price $999,000
Price Per Unit $26,289
Sale Type Investment
Cap Rate 12.25%
Sale Conditions Redevelopment Project
No. Units 38
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 1.03 AC
Construction Status Under Renovation
Building Size 45,000 SF
Average Occupancy 0%
No. Stories 3
Year Built/Renovated 1924/2024
Parking Ratio 0.22/1,000 SF

Site Amenities

  • Community-Wide WiFi

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 38 $1,300 550 - 975

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
058-112-010
Land Assessment
$107,219 (2023)
Improvements Assessment
$375,269 (2023)
Total Assessment
$482,488 (2023)

zoning

Zoning Code C-2 (Town Center)
C-2 (Town Center)
  • Listing ID: 29023476

  • Date on Market: 7/17/2023

  • Last Updated:

  • Address: 5815 Dunsmuir Ave, Dunsmuir, CA 96025

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