598 Laine St
Monterey, CA 93940
Jabberwock Inn · Hospitality Property For Sale
·
8 Rooms
Investment Highlights
- Consistent, strong performing inn within the always popular tourist market of Monterey
- Exquisite Bay Views
- Contact Kathryn Proctor at 415-606-4587 for more information. Do NOT contact manager or employees. Appointments made through Listing Broker ONLY.
- Located only five blocks above Monterey Bay, famous Cannery Row and the Monterey Bay Aquarium
- Approx. $640k in gross revenue and $300k+ in net operating income
Property Facts
| Property Type | Hospitality | No. Rooms | 8 |
| Property Subtype | No. Stories | 4 | |
| Building Class | B | Year Built | 1911 |
| Lot Size | 0.41 AC | Corridor | Interior |
| Building Size | 4,502 SF |
| Property Type | Hospitality |
| Property Subtype | |
| Building Class | B |
| Lot Size | 0.41 AC |
| Building Size | 4,502 SF |
| No. Rooms | 8 |
| No. Stories | 4 |
| Year Built | 1911 |
| Corridor | Interior |
About 598 LAINE ST , MONTEREY, CA 93940
Lodging Brokers Network is proud to be the exclusive listing broker of the Jabberwock Inn located in beautiful Monterey, California. Set on nearly a half-acre of gardens, this historic 1911 Craftsman-style inn provides fabulous views of the Monterey Bay with its famous sea otters and harbor seals. This upscale inn features eight guestrooms plus one additional currently unused unit that could be owner/manager quarters or potentially one additional guestroom with water credits and city approval. Permitted as a hotel, there is no requirement for an onsite owner or staff member. Guest amenities include a delicious breakfast, evening hors d’oeuvres on the sun porch, colorful gardens, a bocce ball court, exquisite bay views, and plenty of restaurants and beaches nearby. With an ideal location sitting only five blocks above Monterey Bay, famous Cannery Row and the Monterey Bay Aquarium, this presents a rare opportunity to acquire a consistent, strong performing inn within the always popular tourist market of Monterey. This beautifully maintained inn is priced at an 8.7% cap rate on the 2025 adjusted net operating income. Contact Kathryn Proctor at 415-606-4587 for more information. Do NOT contact manager or employees. Appointments made through Listing Broker ONLY. For more information, please download, complete, and return the linked Confidentiality Agreement.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | $499.00 | - |
| Guest Room | 7 | $344.00 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,125,337 | |
| Land Assessment | $1,481,690 | Total Assessment | $2,607,027 |
Property Taxes
