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5941 New River Rd
Coloma, CA 95613
Coloma Cottages · Hospitality Property For Sale · 10 Rooms
PROPERTY FACTS
| Property Type | Hospitality | No. Rooms | 10 |
| Property Subtype | No. Stories | 1 | |
| Building Class | C | Year Built/Renovated | 1947/2018 |
| Lot Size | 5.00 AC | Corridor | Exterior |
| Building Size | 5,000 SF |
| Property Type | Hospitality |
| Property Subtype | |
| Building Class | C |
| Lot Size | 5.00 AC |
| Building Size | 5,000 SF |
| No. Rooms | 10 |
| No. Stories | 1 |
| Year Built/Renovated | 1947/2018 |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Patio
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Multi-Room Suites
About 5941 New River Rd , Coloma, CA 95613
This is not an apartment complex or a hotel/motel. Our property has 8 individual homes on riverfront acreage. Coloma Cottages was the very first resort in El Dorado County known back then as the Coloma Beach Resort, where the famous George Burns and Gracie Allen would frequent. We have spent the last 5 years converting the full time occupancy to summer only vacation rentals and we typically do not rent the homes in the winter, but one could do so if they choose. The potential is grand. The location is unbeatable. But if you are looking for a CAP rate to match asking price, as compared to an apartment complex it will currently not compute. This is a one of a kind "lifestyle" type property for the right buyer. Asking price is based on comparable riverfront residences and bed and breakfast properties that have recently sold in the area. Cash preferred, but possible short term seller financing with at least 50% down depending on offer.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 10 | $210.00 | - |
PROPERTY TAXES
| Parcel Number | 006-231-028-000 | Improvements Assessment | $167,228 |
| Land Assessment | $115,392 | Total Assessment | $282,620 |
PROPERTY TAXES
zoning
| Zoning Code | RE-10 (Residential acreage with 8 homes grandfathered in.) |
| RE-10 (Residential acreage with 8 homes grandfathered in.) |
Learn More About Investing in Hospitality Properties
