339 W Church Ave - Hospitality FOR SALE


Ridgecrest, CA 93555
$549,000 USD
949-622-3405
339 W Church Ave, Ridgecrest, CA for Sale
$549,000 USD
Hospitality - FOR SALE
1/33
null | Request Cap Rate

339 W Church Ave
Ridgecrest, CA 93555


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$549,000 USD

PRICE/SF

$88 USD /SF

# OF ROOMS

17

PRICE/ROOM

$32,294 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Desert Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1960

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

R-4

APN/PARCEL ID

478-062-03-00-4,478-062-16-00-2

ASK ABOUT THIS PROPERTY

Sachin ShahAtlas Hospitality GroupMore Info
949-622-3405

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Sachin ShahAtlas Hospitality GroupMore Info
949-622-3405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.