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Rainbow View Lodge 2726 View Dr 8 Room Hotel Running Springs, CA 92382 $1,811,904 CAD ($226,488 CAD/Room) 6.12% Cap Rate
INVESTMENT HIGHLIGHTS
- Currently managed as a fully occupied 8-unit multi-family property in a high-demand rental market.
- This property offers versatile potential with county licensing for Motel Use, as well as options for Multi-Family, Assisted Living, or a Rehab Center.
EXECUTIVE SUMMARY
Although licensed motel, it consists of several buildings mostly individual cabins. Each unit has a kitchen or kitchenette. This property is operated as a multi-family housing with long term tenants for regular consistent cashflow. There is also a coin-op laundry on-site.
PROPERTY FACTS
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 6 | $170.30 CAD | - |
| Guest Room | 2 | $101.90 CAD | - |
PROPERTY TAXES
| Parcel Number | 0295-174-72 | Improvements Assessment | $483,795 CAD |
| Land Assessment | $241,899 CAD | Total Assessment | $725,694 CAD |
PROPERTY TAXES
Parcel Number
0295-174-72
Land Assessment
$241,899 CAD
Improvements Assessment
$483,795 CAD
Total Assessment
$725,694 CAD
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Rainbow View Lodge | 2726 View Dr
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