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Bella Notte 21305 E Cliff Dr 12 Room Hotel Santa Cruz, CA 95062 $5,700,000 ($475,000/Room) 5.75% Cap Rate
Investment Highlights
- A $1,048,178 gut repositioning completed in 2026. Keys added for a new total of 12 oversized rooms
- The rooms average 330sf. Six of the twelve rooms are 350sf+
- Keyless and staffless - Smart-lock self check-in and centralized 24/7 guest team replace front desk - the reason the expense line runs so light
- Prior to the owner's renovation/reposition the revenue was less than $40,000 every month. In the first full month of inventory the hotel did $100,000
- A short walk from Twin Lakes State Beach and in between Capitola Village and the Santa Cruz Beach Boardwalk
- Permitted, inspected, and current - The renovation was approved and certified through Santa Cruz County
Executive Summary
There are two acquisition structures:
Option A - Acquire the newly repositioned property with the in-place management.
Option B - Ownership will sell the property and simultaneously enter into a new NNN lease at an initial annual rent of $327,750 representing a 5.75% initial cap rate.
*Contact Ryan Clark for full DD file.
Option A - Acquire the newly repositioned property with the in-place management.
Option B - Ownership will sell the property and simultaneously enter into a new NNN lease at an initial annual rent of $327,750 representing a 5.75% initial cap rate.
*Contact Ryan Clark for full DD file.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,700,000 | Lot Size | 0.26 AC |
| Price Per Room | $475,000 | Building Size | 8,038 SF |
| Sale Type | Investment | No. Rooms | 12 |
| Cap Rate | 5.75% | No. Stories | 2 |
| Sale Condition | Sale Leaseback | Year Built/Renovated | 2007/2026 |
| Property Type | Hospitality | Parking Ratio | 1.49/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | B | ||
| Zoning | VA | ||
| Price | $5,700,000 |
| Price Per Room | $475,000 |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| Sale Condition | Sale Leaseback |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 8,038 SF |
| No. Rooms | 12 |
| No. Stories | 2 |
| Year Built/Renovated | 2007/2026 |
| Parking Ratio | 1.49/1,000 SF |
| Corridor | Exterior |
| Zoning | VA |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 12 | $167.00 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 027-221-16-000 | Improvements Assessment | $1,250,000 |
| Land Assessment | $2,500,000 | Total Assessment | $3,750,000 |
Property Taxes
Parcel Number
027-221-16-000
Land Assessment
$2,500,000
Improvements Assessment
$1,250,000
Total Assessment
$3,750,000
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Contact the Sale Advisor
Bella Notte | 21305 E Cliff Dr