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Lamplighter Inn 1604 Monterey St 52 Room Hotel San Luis Obispo, CA 93401 $9,000,000 ($173,077/Room) 6.90% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Location on Monterey Street.
- Low down payment.
- Amazing opportunity to own a hospitality asset in one of the most sought after areas in California.
- Seller Financing for 5 years.
- Pay 'zero' property tax for 5 years.
EXECUTIVE SUMMARY
This is a rare opportunity for an investor to acquire a hotel with a low downpayment, low monthly lease payments and zero property tax payments affording the investor time to inject money into the hotel and build up the business before executing a purchase.
The Lamplighter Inn is a beautiful 54-room hotel that includes a 2-bedroom, 2-bathroom apartment unit in a prime location near downtown San Luis Obispo (SLO) in central California.
Amenities include a swimming pool, spa, breakfast room, and elevator.
San Luis Obispo is home to Cal Poly, one of the top universities in California and a short drive to many tourist hotspots such as Pismo Beach,
Avila Beach, Morro Bay and Cambria.
Along with the beach towns, the Central Coast is also famous for its many wineries that draw wine enthusiasts from all over the globe to wineries in
Paso Robles, Santa Maria and Santa Ynez Valley to name a few.
Website: https://www.lamplighterinnslo.com
The Lamplighter Inn is a beautiful 54-room hotel that includes a 2-bedroom, 2-bathroom apartment unit in a prime location near downtown San Luis Obispo (SLO) in central California.
Amenities include a swimming pool, spa, breakfast room, and elevator.
San Luis Obispo is home to Cal Poly, one of the top universities in California and a short drive to many tourist hotspots such as Pismo Beach,
Avila Beach, Morro Bay and Cambria.
Along with the beach towns, the Central Coast is also famous for its many wineries that draw wine enthusiasts from all over the globe to wineries in
Paso Robles, Santa Maria and Santa Ynez Valley to name a few.
Website: https://www.lamplighterinnslo.com
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Balcony
- Business Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Smoke Detector
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 52 | $72.00 | - |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 001-142-009 | Total Assessment | $5,682,973 (2025) |
| Land Assessment | $1,277,372 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $4,405,601 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
001-142-009
Land Assessment
$1,277,372 (2025)
Improvements Assessment
$4,405,601 (2025)
Total Assessment
$5,682,973 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Lamplighter Inn | 1604 Monterey St
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