1141 Silverado Street

    La Jolla, CA 92037
    • $8,250,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: SB19114117
    UPDATED: 53 min ago
    $8,250,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,754
      SQFT
    • $846
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1952
    County:

    School Ratings & Info

    Description

    31 room fully operational hospitality offeringLocated in the heart of the village in La Jolla, 3 blocks to the ocean & La Jolla cove. Built in 1952 by Travelodge & leased by Travelodge until 2001.Prime 14,000 square foot corner lot at Silverado Street & Herschel Avenue. Approximately 9,700 square foot building with 2 stories and a partial 3rd story. Additionally, there are 2 outdoor decks for entertaining. The property allows for upside potential to a boutique hospitality property with an opportunity to increase revenue.7 rooms with two double beds.?1 Family room with 2 double beds & a single. 10 rooms with queen size beds.12 rooms with king size beds.Managers unit with 2 b/ 1b .Seller selects services.Please do not go on property without permission & do not speak with employees.Building size was obtained from the original building permit.All rooms with individual heat/AC unit.Reception area. Laundry room. Maintenance room.19 parking spaces.All rooms have microwave, coffee pot, fridge, flat screenTVs, head boards dining table & 2 chairs, bedside tables, lamps & hairdryer.Property is situated in LAPD Zone 2 allows for a mixed use project for residential/retail/ office.Offering owners and investors a rare opportunity to acquire a class A location in one of the most coveted beach communities in the U.S.A.Property could be managed at a higher occupancy to increase revenue.On hold till further notice.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-19T22:38:10.183. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/94878685

    1141 Silverado Street La Jolla, CA 92037

    • Price: $8,250,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: SB19114117
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    9,754
    SQFT
    $846
    $/SQFT
    1952
    Built
    Neighborhood:
    LAJ - La Jolla
    County:
    San Diego
    Area:
    LAJ - La Jolla
    Property Description
    31 room fully operational hospitality offeringLocated in the heart of the village in La Jolla, 3 blocks to the ocean & La Jolla cove. Built in 1952 by Travelodge & leased by Travelodge until 2001.Prime 14,000 square foot corner lot at Silverado Street & Herschel Avenue. Approximately 9,700 square foot building with 2 stories and a partial 3rd story. Additionally, there are 2 outdoor decks for entertaining. The property allows for upside potential to a boutique hospitality property with an opportunity to increase revenue.7 rooms with two double beds.?1 Family room with 2 double beds & a single. 10 rooms with queen size beds.12 rooms with king size beds.Managers unit with 2 b/ 1b .Seller selects services.Please do not go on property without permission & do not speak with employees.Building size was obtained from the original building permit.All rooms with individual heat/AC unit.Reception area. Laundry room. Maintenance room.19 parking spaces.All rooms have microwave, coffee pot, fridge, flat screenTVs, head boards dining table & 2 chairs, bedside tables, lamps & hairdryer.Property is situated in LAPD Zone 2 allows for a mixed use project for residential/retail/ office.Offering owners and investors a rare opportunity to acquire a class A location in one of the most coveted beach communities in the U.S.A.Property could be managed at a higher occupancy to increase revenue.On hold till further notice.
    Exterior Features

    Lot Features 26-30 Units/Acre Lot Size Dimensions 100X140 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 19.00

    Interior Features

    Condo Area Units Square Feet Laundry Features Common AreaIndividual RoomInside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Name La Jolla Village Lodge Building Status Existing Country Us Expense Year 2018 Gross Scheduled Income 782000.00 Inclusions All Furniture & Fixtures Land Use Other Laundry YN Yes Leasable Area Units Square Feet Lot Dimensions Source Assessor Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 170305.00 Property Sub Type Hotel/Motel Special Listing Conditions Standard Total Expenses 611695.00 Utilities Cable ConnectedElectricity ConnectedPhone AvailableSewer Connected Water Source Public Year Built Source Seller Zoning Ljpd2

    Listing provided courtesy of Susan Larison of Vista Sotheby's International Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-19T22:38:10.183. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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