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Rainbow View Lodge 2726 View Dr 8 Room Hotel Running Springs, CA 92382 $1,298,000 ($162,250/Room) 6.12% Cap Rate
INVESTMENT 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.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 6 | $122.00 | - |
| Guest Room | 2 | $73.00 | - |
PROPERTY TAXES
| Parcel Number | 0295-174-72 | Improvements Assessment | $343,241 |
| Land Assessment | $171,622 | Total Assessment | $514,863 |
PROPERTY TAXES
Parcel Number
0295-174-72
Land Assessment
$171,622
Improvements Assessment
$343,241
Total Assessment
$514,863
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Rainbow View Lodge | 2726 View Dr
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