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Riverside Motel 475 N San Jacinto St 15 Room Hotel Hemet, CA 92543 $2,747,440 CAD ($183,163 CAD/Room)
Executive Summary
Independent Motel 16 Units (10 rooms + 6 apartment style suites with separate living room, kitchen, dining area & bedroom + bathroom) including manager's unit & office. Busy corner near Walmart/Walgreens restaurants & other services. Several units have private patios/backyards. All information is deemed reliable and was provided by the owner and is subject to change; the broker cannot make any warranty or guarantee. Property sold in its absolute, as-is condition.
Business is from 2018 to 2022 were appx 300k per year, except 2020 due to the pandemic. Run by 70 year old couple. current business is 220k per year. Call for more detail.
Business is from 2018 to 2022 were appx 300k per year, except 2020 due to the pandemic. Run by 70 year old couple. current business is 220k per year. Call for more detail.
Property Facts
| Price | $2,747,440 CAD | Building Size | 9,523 SF |
| Price Per Room | $183,163 CAD | No. Rooms | 15 |
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 1955 |
| Property Type | Hospitality | Parking Ratio | 1.26/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Cross Streets | Oakland Ave |
| Lot Size | 0.65 AC | Opportunity Zone |
Yes
|
| Zoning | C1 - Commercial | ||
| Price | $2,747,440 CAD |
| Price Per Room | $183,163 CAD |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 9,523 SF |
| No. Rooms | 15 |
| No. Stories | 1 |
| Year Built | 1955 |
| Parking Ratio | 1.26/1,000 SF |
| Corridor | Exterior |
| Cross Streets | Oakland Ave |
| Opportunity Zone |
Yes |
| Zoning | C1 - Commercial |
About 475 N SAN JACINTO ST , HEMET, CA 92543
Independent Motel 16 Units (10 rooms + 6 apartment style suites with separate living room, kitchen, dining area & bedroom + bathroom) including manager's unit & office. 1 storage and separate laundry rooms. Busy corner near Walmart/Walgreens restaurants & other services. Several units have private patios/backyards. All information is deemed reliable and was provided by the owner and is subject to change; the broker cannot make any warranty or guarantee. Property sold in its absolute, as-is condition.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 15 | $90.67 CAD | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 445-102-017 | Improvements Assessment | $1,362,382 CAD |
| Land Assessment | $358,515 CAD | Total Assessment | $1,720,897 CAD |
Property Taxes
Parcel Number
445-102-017
Land Assessment
$358,515 CAD
Improvements Assessment
$1,362,382 CAD
Total Assessment
$1,720,897 CAD
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Riverside Motel | 475 N San Jacinto St
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