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Investment Highlights

  • Multifamily Zoning Opportunity : Motel-to-residential conversion is a permitted use.
  • Proforma Rent Positioning: $13,650 in monthly gross income (~$163,800 annual) based on $750/studio and $1,050/1BR assumptions
  • Recent Capital Improvements: Ownership reports over $200K invested (2020–2021).
  • Owner-Operator opputunity: Unit count supports the ability to drive performance through improved operations

Executive Summary

Atlas Hospitality is pleased to present the opportunity to acquire an 18-unit property currently operated as a motel, with potential to reposition toward a more traditional multifamily model under R-4 zoning. Built in 1970, a straightforward value-add footprint with parking and a flexible layout.
The unit mix of 13 studios and 4 one-bedroom units aligns with local demand for smaller, affordable housing, while the one-bedroom layouts provide upside versus studio rents. Four units already include full kitchens, creating immediate rent-ready inventory and a head start on a conversion plan. The property also includes an approximately 800 SF garage structure that ownership reports may be eligible for conversion to a residential dwelling, subject to buyer verification and City approvals.
Demand is supported by Ridgecrest’s role as a support market for NAWS China Lake (8,100+ workforce) and a multi-billion-dollar federal construction and recovery program reportedly extending through early 2026.

Property Facts

Price $770,703 CAD
Price Per Room $45,335 CAD
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 0.93 AC
Building Size 6,210 SF
No. Rooms 17
No. Stories 1
Year Built/Renovated 1960/2020
Parking Ratio 1.12/1,000 SF
Corridor Exterior
Zoning R-4 - Residential

Amenities

  • High Speed Internet Access
  • Public Access Wifi
  • Fully-Equipped Kitchen

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 4 $138.98 CAD -
Guest Room 13 $95.46 CAD -
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 478-062-03-00-4
  • 478-062-16-00-2
Land Assessment
$30,390 CAD
Improvements Assessment
$468,563 CAD
Total Assessment
$498,953 CAD
  • Listing ID: 41335361

  • Date on Market: 2026-07-17

  • Last Updated:

  • Address: 339 W Church Ave, Ridgecrest, CA 93555

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