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Multifamily

410 Elm St

410 Elm St, San Diego, CA 92101

Listing Price: $7,000,000

Cap Rate
5.00%
Number of Units
55
Price/Unit
$127,273
Price/Gross SF
$564.15
Gross SF
12,408

Investment Overview

The Bove Group is pleased to present 410 Elm Street, San Diego, California 92101. The two-story, 55-room Hotel Occidental is the true definition of hybrid, combining modern amenities and stylish decor with old-world charm and appeal and the functional simplicity of European lodging, creating a practical, comfortable, and affordable solution for both overnight and extended-stay guests. A complete redesign, in 2005, of this 1920’s classic now gives way to a contemporary Euro-style hotel that boasts four extremely versatile room types fitting for every kind of guest, from the traveling conventioneer, the international student, to the young family enjoying a San Diego vacation. The hotel’s remodeled interior completely transformed its classic mission style into sleek, comfortable spaces with many contemporary design elements. The remodel included opening windows, central air (5 zones), two (2) 20 amps in all the rooms, high-speed broadband internet, new carpeting, configured shower and baths, and reinforced parapets. The cozy guestrooms are minimally furnished, with custom built-ins, containing a sink, microwave, and mini-fridge, TVs with DVD players, central air conditioning, and complimentary high-speed wireless internet access.

Investment Highlights

  • Fifty-Five (55) room SRO Hotel opportunity in Bankers Hill
  • On-site laundry
  • Walking distance to popular parks, restaurants, activities

Exclusively Listed By

Listing Price: $7,000,000

Cap Rate
5.00%
Number of Units
55
Price/Unit
$127,273
Price/Gross SF
$564.15
Gross SF
12,408

Investment Highlights

  • Fifty-Five (55) room SRO Hotel opportunity in Bankers Hill
  • On-site laundry
  • Walking distance to popular parks, restaurants, activities

Investment Overview

The Bove Group is pleased to present 410 Elm Street, San Diego, California 92101. The two-story, 55-room Hotel Occidental is the true definition of hybrid, combining modern amenities and stylish decor with old-world charm and appeal and the functional simplicity of European lodging, creating a practical, comfortable, and affordable solution for both overnight and extended-stay guests. A complete redesign, in 2005, of this 1920’s classic now gives way to a contemporary Euro-style hotel that boasts four extremely versatile room types fitting for every kind of guest, from the traveling conventioneer, the international student, to the young family enjoying a San Diego vacation. The hotel’s remodeled interior completely transformed its classic mission style into sleek, comfortable spaces with many contemporary design elements. The remodel included opening windows, central air (5 zones), two (2) 20 amps in all the rooms, high-speed broadband internet, new carpeting, configured shower and baths, and reinforced parapets. The cozy guestrooms are minimally furnished, with custom built-ins, containing a sink, microwave, and mini-fridge, TVs with DVD players, central air conditioning, and complimentary high-speed wireless internet access.

Exclusively Listed By

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