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Multifamily

June Lake Chalet

76 Alderman St, June Lake, CA 93529

Listing Price: $2,295,000

Cap Rate
11.20%
Number of Units
9
Occupancy
51.0%
Price/Unit
$255,000
Price/Gross SF
$433.76
Gross SF
5,291

Investment Overview

Marcus & Millichap is pleased to present for sale June Lake Chalet, a 9-suite hotel in June Lake, CA. Constructed in 1965 this property rests on over a 10,000 SF lot and offers 5,291 of rentable sf. The property consists of two parcels both zoned hotel/motel. The zoning allows investors to capitalize on short term vacation rentals or rent long term to tenants. June Lake Chalet, located at 76 Alderman St, is comprised of (one) 2-bedroom/1-bathroom suite, (2) 1-bedroom/1-bathroom suites, and (six) studio suites. Five of the suites feature full-size kitchens with ovens, cooktops, and refrigerators while four suites have kitchenettes with microwaves and coffee makers. Guests enjoy access to high-speed internet, a communal common area, an outdoor patio, and on-site parking. Investors may continue to rent the hotel as-is and increase cashflow by improving operations or renovate the property to maximize return. Perfectly situated in the heart of June Lake Village, this property is a short walk to locally owned restaurants, shops, and attractions. This asset is one mile from June Mountain, a popular ski destination with 1,500 acres of uncrowded slopes. June Mountain has six chairlifts, full-service rentals, a restaurant, and ski and snowboard lessons. In the summer June Lake is known for world-class trout fishing, sailing, swimming, hiking, and incredible scenery. June Lake Chalet provides full accommodations to guests in a high-demand vacation market. Only thirteen miles to Mammoth, this asset is a well-located vacation destination year-round.

Investment Highlights

  • Hotel/Motel Zoning
  • One Mile to June Mountain & Thirteen Miles to Mammoth
  • Value Add Opportunity
  • High Demand Vacation Destination

Exclusively Listed By

Financing By

Multifamily

June Lake Chalet

Listing Price: $2,295,000

Cap Rate
11.20%
Number of Units
9
Occupancy
51.0%
Price/Unit
$255,000
Price/Gross SF
$433.76
Gross SF
5,291

Investment Highlights

  • Hotel/Motel Zoning
  • One Mile to June Mountain & Thirteen Miles to Mammoth
  • Value Add Opportunity
  • High Demand Vacation Destination

Investment Overview

Marcus & Millichap is pleased to present for sale June Lake Chalet, a 9-suite hotel in June Lake, CA. Constructed in 1965 this property rests on over a 10,000 SF lot and offers 5,291 of rentable sf. The property consists of two parcels both zoned hotel/motel. The zoning allows investors to capitalize on short term vacation rentals or rent long term to tenants. June Lake Chalet, located at 76 Alderman St, is comprised of (one) 2-bedroom/1-bathroom suite, (2) 1-bedroom/1-bathroom suites, and (six) studio suites. Five of the suites feature full-size kitchens with ovens, cooktops, and refrigerators while four suites have kitchenettes with microwaves and coffee makers. Guests enjoy access to high-speed internet, a communal common area, an outdoor patio, and on-site parking. Investors may continue to rent the hotel as-is and increase cashflow by improving operations or renovate the property to maximize return. Perfectly situated in the heart of June Lake Village, this property is a short walk to locally owned restaurants, shops, and attractions. This asset is one mile from June Mountain, a popular ski destination with 1,500 acres of uncrowded slopes. June Mountain has six chairlifts, full-service rentals, a restaurant, and ski and snowboard lessons. In the summer June Lake is known for world-class trout fishing, sailing, swimming, hiking, and incredible scenery. June Lake Chalet provides full accommodations to guests in a high-demand vacation market. Only thirteen miles to Mammoth, this asset is a well-located vacation destination year-round.

Exclusively Listed By

Financing By

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