The Landing At Morro Bay | 780 Market Ave
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The Landing At Morro Bay 780 Market Ave
27 Room Hotel Morro Bay, CA 93442 £6,188,070 (£229,188/Room) 6.40% Net Initial Yield
Investment Highlights
- Ocean Views
- Walking distance to Morro Bay attractions
- Turn Key Property
Executive Summary
EVERLYGROVE HOTEL BROKERS is pleased to announce the opportunity to acquire the fee-simple interest in The Landing in Morro Bay, CA. Within a thriving San Luis Obispo coastal locale with many attractions, the 27-key, 9,767-square-foot hotel is established on 0.53 acres in San Luis Obispo County, California. Please contact broker to make an appointment, do not go to property unannounced.
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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £6,188,070 | Lot Size | 0.53 AC |
| Price Per Room | £229,188 | Building Size | 9,767 SF |
| Sale Type | Investment | No. Rooms | 27 |
| Net Initial Yield | 6.40% | Number of Floors | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1942/2017 |
| Property Subtype | Hotel | Parking Ratio | 2.87/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Price | £6,188,070 |
| Price Per Room | £229,188 |
| Sale Type | Investment |
| Net Initial Yield | 6.40% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.53 AC |
| Building Size | 9,767 SF |
| No. Rooms | 27 |
| Number of Floors | 3 |
| Year Built/Renovated | 1942/2017 |
| Parking Ratio | 2.87/1,000 SF |
| Corridor | Exterior |
Amenities
- Balcony
- High Speed Internet Access
- Patio
- Boutique/Lifestyle Hotel
- Public Access Wi-Fi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | £213.06 | - |
| Guest Room | 26 | £183.29 | - |
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Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 066-112-006 | Total Assessment | £4,103,326 |
| Land Assessment | £2,673,784 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £1,429,542 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
066-112-006
Land Assessment
£2,673,784
Improvements Assessment
£1,429,542
Total Assessment
£4,103,326
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | 60 |
| 60 |
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The Landing At Morro Bay | 780 Market Ave
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