Seaside Inn
1315 Morena Blvd., San Diego, CA 92110

Seaside Inn
1315 Morena Blvd., San Diego, CA 92110

Hotel / Motel For Sale
Price:$1,725,000
No. Rooms:13
Building Size:7,642 SF
Price/Room:$132,692.31
Property Type:Hotel & Motel
Property Sub-type:Economy/ Limited Service
Property Use Type:Investment
Commission Split:2.5%
Cap Rate:9.50%
Average Daily Rate:$100
No. Stories:2
Year Built:1950
Corridor:Exterior
Lot Size:0.16 AC

Local Map

Highlights
GREAT central San Diego location- Near Mission Bay, Sea World and great beaches!All rooms and exterior recently rehabbed12 off-street parking stalls9.5 cap rate based on 2013 NOI of $166,109
Description
PRICE JUST REDUCED TO SELL FAST!!!
“Seaside Inn”. Boutique two-level hotel consisting of 5 singles and 8 doubles. Recently rehabbed inside/out. Coin-op washers and dryers on-site. Two assumable private money loans totaling almost $800,000 still have over 9 years to run. On-site managers perform most maintenance and unit make-readies, and are compensated by free rent on a one bedroom apartment and 10% of each rental.
9.6 cap rate based on 2013 Net Operating Income pf $166,109
PLEASE DO NOT DISTURB THE HOTEL GUESTS AND THE ON-SITE MANAGERS.

GREAT central San Diego location! Across the nearby I-5 freeway is Mission Bay
and it’s many recreational pursuits as well as world-famous Sea World. South on I-5 is downtown San Diego only 10 minutes away Tecolote Canyon Golf Course is only 5 blocks to the east