Log In/Sign Up
Your email has been sent.
Hotel GiGi 547-549 9th Ave 20 Room Hotel San Diego, CA 92101 $9,581,530 CAD ($479,077 CAD/Room) 7.40% Cap Rate
Investment Highlights
- HAVC is a split system on the roof each room has its separate climate control for room.
- Ceilings are 9ft high
- Building exterior, stucco finish
- Flat roof slight pitch, roof was fully replaced in 2012 with minor repairs with installation of HAVC system
- Fire Alarm
- All new plumbing and electrical completed in 2023
Executive Summary
A high-performing, currently fully occupied 20-room hotel offering exceptional cash flow, efficient operations, and multiple avenues for expansion. This asset is ideal for investors seeking both immediate income and long-term development upside.
The property’s strong ADR, full occupancy, and extremely lean operating expenses create a rare, high-margin hospitality investment with immediate, reliable returns.
Non-operating restaurant space attached to the hotel, equipped with brand-new appliances.
Ideal for launching a new dining concept, leasing to an operator, or converting into a high-margin amenity for guests.
Represents a significant untapped revenue stream with minimal startup cost due to the existing equipment.
Air rights included with the property, offering the ability to build upward and add additional floors (subject to approvals).
Potential for expanded room count, suites, or mixed-use development.
A rare value-add opportunity in markets with limited vertical expansion options.
Full occupancy during events, demonstrating strong demand and market positioning
Attractive cap rate for the asset class
Multiple value-add pathways beyond the existing hotel operations
Activate or lease the restaurant to immediately boost revenue
Add floors or expand the building footprint using existing air rights
Implement dynamic pricing to further increase ADR
Enhance amenities to elevate guest experience and drive premium rates
The property’s strong ADR, full occupancy, and extremely lean operating expenses create a rare, high-margin hospitality investment with immediate, reliable returns.
Non-operating restaurant space attached to the hotel, equipped with brand-new appliances.
Ideal for launching a new dining concept, leasing to an operator, or converting into a high-margin amenity for guests.
Represents a significant untapped revenue stream with minimal startup cost due to the existing equipment.
Air rights included with the property, offering the ability to build upward and add additional floors (subject to approvals).
Potential for expanded room count, suites, or mixed-use development.
A rare value-add opportunity in markets with limited vertical expansion options.
Full occupancy during events, demonstrating strong demand and market positioning
Attractive cap rate for the asset class
Multiple value-add pathways beyond the existing hotel operations
Activate or lease the restaurant to immediately boost revenue
Add floors or expand the building footprint using existing air rights
Implement dynamic pricing to further increase ADR
Enhance amenities to elevate guest experience and drive premium rates
Property Facts
| Price | $9,581,530 CAD | Building Size | 9,000 SF |
| Price Per Room | $479,077 CAD | No. Rooms | 20 |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 7.40% | Year Built/Renovated | 1913/2023 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.07 AC | ||
| Zoning | CSX, San Diego | ||
| Price | $9,581,530 CAD |
| Price Per Room | $479,077 CAD |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 9,000 SF |
| No. Rooms | 20 |
| No. Stories | 3 |
| Year Built/Renovated | 1913/2023 |
| Tenancy | Single |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | CSX, San Diego |
Amenities
- Restaurant
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 20 | $302.50 CAD | - |
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (81)
Bike Score®
Biker's Paradise (91)
Property Taxes
| Parcel Number | 535-121-02 | Improvements Assessment | $776,955 CAD |
| Land Assessment | $572,386 CAD | Total Assessment | $1,349,341 CAD |
Property Taxes
Parcel Number
535-121-02
Land Assessment
$572,386 CAD
Improvements Assessment
$776,955 CAD
Total Assessment
$1,349,341 CAD
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Andy Ania
Hotel GiGi | 547-549 9th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.