2726 View Dr - Hospitality FOR SALE


Running Springs, CA 92382
$1,298,000 USD
2726 View Dr, Running Springs, CA for Sale
$1,298,000 USD
Hospitality - FOR SALE
1/18
null | 6.12% Cap Rate

2726 View Dr
Running Springs, CA 92382


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.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,298,000 USD

PRICE/SF

$260 USD /SF

# OF ROOMS

8

PRICE/ROOM

$162,250 {currency}

CAP RATE

6.12%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rainbow View Lodge

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1942

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

HTRS10M

APN/PARCEL ID

0295-174-72

ASK ABOUT THIS PROPERTY

Brian L. CohenArrowhead Premier PropertiesMore Info

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Brian L. CohenArrowhead Premier PropertiesMore Info

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