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Escondido Inn 420 W Washington Ave 17 Room Hotel Escondido, CA 92025 $3,800,000 ($223,529/Room) 9.21% Cap Rate
Executive Summary
Boutique Hotel + Affordable Housing Conversion Opportunity – Downtown Escondido
Turnkey Boutique Inn fully renovated (2020–2021) with modern finishes and themed rooms
16 keys + manager’s 2BR apartment (functionally 18 units)
Strong in-place operations – 100% occupied since 2021
Prime Downtown Escondido location near transit, medical, retail, and civic amenities
Flexible zoning allows multifamily or affordable housing conversion (CUP potential)
Adjacent to new multifamily development (55-unit project nearby validates density trend)
Ideal adaptive reuse play for investors targeting housing conversion or hybrid lodging model
Small footprint, high flexibility asset suited for boutique operators or value-add buyers
Keyless entry systems + recent capital improvements reduce near-term CapEx
Rare sub-$4M hospitality asset in San Diego County
Turnkey Boutique Inn fully renovated (2020–2021) with modern finishes and themed rooms
16 keys + manager’s 2BR apartment (functionally 18 units)
Strong in-place operations – 100% occupied since 2021
Prime Downtown Escondido location near transit, medical, retail, and civic amenities
Flexible zoning allows multifamily or affordable housing conversion (CUP potential)
Adjacent to new multifamily development (55-unit project nearby validates density trend)
Ideal adaptive reuse play for investors targeting housing conversion or hybrid lodging model
Small footprint, high flexibility asset suited for boutique operators or value-add buyers
Keyless entry systems + recent capital improvements reduce near-term CapEx
Rare sub-$4M hospitality asset in San Diego County
Property Facts
| Price | $3,800,000 | Building Size | 4,820 SF |
| Price Per Room | $223,529 | No. Rooms | 17 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 9.21% | Year Built | 1956 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.48/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.28 AC | Opportunity Zone |
Yes
|
| Zoning | C - City has Stated that Conversion to Multifamily is Permitted | ||
| Price | $3,800,000 |
| Price Per Room | $223,529 |
| Sale Type | Investment |
| Cap Rate | 9.21% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 4,820 SF |
| No. Rooms | 17 |
| No. Stories | 2 |
| Year Built | 1956 |
| Tenancy | Single |
| Parking Ratio | 2.48/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C - City has Stated that Conversion to Multifamily is Permitted |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $180.00 | - |
| Guest Room | 15 | $90.00 | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 229-172-46 | Improvements Assessment | $1,028,309 |
| Land Assessment | $649,458 | Total Assessment | $1,677,767 |
Property Taxes
Parcel Number
229-172-46
Land Assessment
$649,458
Improvements Assessment
$1,028,309
Total Assessment
$1,677,767
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Escondido Inn | 420 W Washington Ave
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