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Listing ID: 210031583
Price: $7,000,000
Status: ACTIVE
Address: 410 Elm Street
City: San Diego
State: California
Postal Code: 92101
County: San Diego
San Diego
CA
92101
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 décor 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. Amenities include opening windows, central air (5 zones), two 20 amps breakers in all the rooms, high-speed broadband internet, new carpeting, private shower and baths, on-site laundry, and parking, as well as housekeeping room with industrial washer and dryers and storage. 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.? The building has reinforced steel framing, upgraded electrical and plumbing, new roof, and reinforced parapets.

Primary Features

County: San Diego
Property Type: Commercial-Residential Income

Interior

SqFt of Improvement: 12688

External

Entry Only: No
Number of Units: 55

Location

Country: United States
Market Area: Metro Central
Zip/Area: SAN DIEGO DOWNTOWN (92101)

Additional

Amenities: None
Class: COMMERCIAL-RES INCOME
Have: n/k
Mandatory Remarks: None Known

Financial

Actual Gross Scheduled Income: 732660
Actual Operating Expense: 366691
Gross Multiplier: 9.55
Price/Unit: 127273
Sale/Rent: For Sale
Sales Restrictions: N/K
Short Sale: no

Zoning Info


Area Info


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Listing courtesy of Marcus & Millichap

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