555 Ocean View Blvd
Pacific Grove, CA 93950
Seven Gables Inn On Monterey Bay · Hospitality Property For Sale
·
18,750 SF
INVESTMENT HIGHLIGHTS
- Unobstructed views of the Pacific Ocean, Monterey Bay and the coastal mountains beyond.
- Currently operating as a boutique hotel, Seven Gables consists of 7 separate structures totaling 25 rooms.
- Ultimate Monterey Bay Ocean View Inn.
- Property is comprised of 4 separate APNs allowing flexibility for potential use.
PROPERTY FACTS
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.52 AC |
| Building Size | 18,750 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1886/2014 |
| Parking Ratio | 0.43/1,000 SF |
| Corridor | Exterior |
| Zoning | Hotel |
AMENITIES
- High Speed Internet Access
- Patio
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
- Multi-Room Suites
ABOUT 555 OCEAN VIEW BLVD , PACIFIC GROVE, CA 93950
The Property is located on a point of land along Ocean View Blvd., a two- lane road running along the entire coastline of Pacific Grove. The location affords ocean views from every room in every building on the Property. The entire coastline of Pacific Grove on the ocean side of Ocean View Blvd. is zoned open space and will never be developed preserving the ocean views from the Property. All the buildings on the Property have been fully restored to include updated foundations, new wiring, new plumbing, new roofing, new windows and new interior appointments. All the work was completed with the necessary building permits. All the buildings are in excellent condition.
PROPERTY TAXES
| Parcel Number | 006-158-018-000 | Improvements Assessment | $3,655,862 |
| Land Assessment | $11,673,288 | Total Assessment | $15,329,150 |
