4360 Highway 78
Julian, CA 92036

JUST REDUCED FROM $2,600,000. The Motel, Duplex, detached Single Family Residence, and Restaurant, is listed at $2.390,000, with PROJECTED TOTAL scheduled gross income of APPROX $300,000 annually. CAP RATE 7% based on PROJECTED scheduled gross with duplex and residence leased, includes current taxes and insurance expense. INCOME ALLOCATIONS FOR SCHEDULED INCOME: 1. 12 month 2016 motel gross income $186,000 2.Duplex (now vacant) rented at projected $1,300 and $1,400 $ 32,400 3. Restaurant now long term lease at $2,500 month NN $ 30,000 4. Residence (now occupied by owner) projected $2,300 month $ 27,600 TOTAL SCHEDULED ANN GROSS $276,000 Expenses $74,076 NOI $201,924 CAP RATE 7%. GENERAL DESCRIPTION: All improvements are on one legal parcel at 4.63 acres with the motel on about 1 acre, the restaurant on about 1/3 acre including the parking area, the home is on about 1 acre and the remaining area is septic field, water well, and park like open area. LOCATED IN THE AUTHENTIC GOLD MINING TOWN OF JULIAN, IN THE SAN DIEGO BACK COUNTRY MOUNTAINS, APPROXIMATELY 60 MILES FROM SAN DIEGO. JULIAN AND WYNOLA AREA ARE ONE OF SAN DIEGO'S MOST VISITED TOURIST ATTRACTIONS. IT'S UNIQUINESS IS WELL KNOWN THROUGHOUT SOUTHERN CALIFORNIA. FAMOUS FOR APPLE PIE AND HOSPITALITY.