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Riverside Motel 475 N San Jacinto St 15 Room Hotel Hemet, CA 92543 $2,000,000 ($133,333/Room)
EXECUTIVE SUMMARY
Independent Motel 16 Units (10 rooms + 6 apartment style suites with separate living room, kitchen, dining area & bedroom + bathroom) including manager's unit & office. Busy corner near Walmart/Walgreens restaurants & other services. Several units have private patios/backyards. All information is deemed reliable and was provided by the owner and is subject to change; the broker cannot make any warranty or guarantee. Property sold in its absolute, as-is condition.
Business is from 2018 to 2022 were appx 300k per year, except 2020 due to the pandemic. Run by 70 year old couple. current business is 220k per year. Call for more detail.
Business is from 2018 to 2022 were appx 300k per year, except 2020 due to the pandemic. Run by 70 year old couple. current business is 220k per year. Call for more detail.
PROPERTY FACTS
| Price | $2,000,000 | Building Size | 9,523 SF |
| Price Per Room | $133,333 | No. Rooms | 15 |
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 1955 |
| Property Type | Hospitality | Parking Ratio | 1.26/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Cross Streets | Oakland Ave |
| Lot Size | 0.65 AC | Opportunity Zone |
Yes
|
| Zoning | C1 | ||
| Price | $2,000,000 |
| Price Per Room | $133,333 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 9,523 SF |
| No. Rooms | 15 |
| No. Stories | 1 |
| Year Built | 1955 |
| Parking Ratio | 1.26/1,000 SF |
| Corridor | Exterior |
| Cross Streets | Oakland Ave |
| Opportunity Zone |
Yes |
| Zoning | C1 |
ABOUT 475 N SAN JACINTO ST , HEMET, CA 92543
Independent Motel 16 Units (10 rooms + 6 apartment style suites with separate living room, kitchen, dining area & bedroom + bathroom) including manager's unit & office. 1 storage and separate laundry rooms. Busy corner near Walmart/Walgreens restaurants & other services. Several units have private patios/backyards. All information is deemed reliable and was provided by the owner and is subject to change; the broker cannot make any warranty or guarantee. Property sold in its absolute, as-is condition.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 15 | $66.00 | - |
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 445-102-017 | Improvements Assessment | $1,003,966 |
| Land Assessment | $264,197 | Total Assessment | $1,268,163 |
PROPERTY TAXES
Parcel Number
445-102-017
Land Assessment
$264,197
Improvements Assessment
$1,003,966
Total Assessment
$1,268,163
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Riverside Motel | 475 N San Jacinto St
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