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El Cortez Lodge 1503 E 1st St 60 Room Hotel Santa Ana, CA 92701 $9,500,000 ($158,333/Room)
INVESTMENT HIGHLIGHTS
- The property is eight miles from Disneyland Park, one of the most popular theme parks in the world.
- Guest rooms offer convenience, privacy, and home-like atmosphere with “front doors” to the outside.
- Great location on a high traffic street, just off I-5 and six miles from John Wayne Airport.
EXECUTIVE SUMMARY
El Cortez Lodge (the “Property”) is a 60-room independent motel located in Santa Ana, CA, along Interstate 5 and less than 10 miles
from Disneyland Park and John Wayne Airport. The Property offers investors a unique redevelopment opportunity.
from Disneyland Park and John Wayne Airport. The Property offers investors a unique redevelopment opportunity.
PROPERTY FACTS
| Price | $9,500,000 | Building Size | 24,416 SF |
| Price Per Room | $158,333 | No. Rooms | 60 |
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Redevelopment Project | Year Built | 1969 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.46/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.07 AC | Opportunity Zone |
Yes
|
| Zoning | C2 - Commercial | ||
| Price | $9,500,000 |
| Price Per Room | $158,333 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.07 AC |
| Building Size | 24,416 SF |
| No. Rooms | 60 |
| No. Stories | 1 |
| Year Built | 1969 |
| Tenancy | Single |
| Parking Ratio | 2.46/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C2 - Commercial |
AMENITIES
- Outdoor Pool
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 60 | $54.00 | - |
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 398-431-25 | Improvements Assessment | $1,620,587 |
| Land Assessment | $1,811,825 | Total Assessment | $3,432,412 |
PROPERTY TAXES
Parcel Number
398-431-25
Land Assessment
$1,811,825
Improvements Assessment
$1,620,587
Total Assessment
$3,432,412
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El Cortez Lodge | 1503 E 1st St
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