831 China Lake BlvdRidgecrest, CA 93555

Property Details for 831 China Lake Blvd

Year built

1952

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.93 AC

Property size (Sq ft)

8,702 SF

Zone code

C

Property type

Hospitality properties

Property subtype

Motels

APN

067-022-11-00-9

APU

6702211009

Description

This 23-key Howard Johnson hotel in Ridgecrest, CA, presents a compelling investment opportunity. Recently renovated in 2023, the property boasts a fresh, contemporary feel while retaining its charming 1948 architecture. The two-story building sits on a 1.39-acre lot and includes a leased restaurant and a separate leased apartment generating a combined monthly rental income of $3,500. The hotel's location offers convenient access to key attractions, including the China Lake Naval Air Weapons Station, China Lake Golf Course, and Death Valley National Park, ensuring consistent demand. The property's recent full property improvement plan (PIP) completion positions it for significant operational upside. Currently operating as a fully absentee-owned business, the hotel's operational costs are higher than they would be under owner-operator management, presenting an opportunity for increased profitability. The property is projected to generate $15,000 in monthly positive cash flow. This turnkey operation offers a unique blend of hospitality and rental income streams, making it an attractive investment for experienced operators seeking a well-located, renovated asset with significant growth potential. The hotel's proximity to military bases like the Naval Air Station China Lake and Fort Irwin National Training Center provides a strong foundation for consistent occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,484,020

  6.5%

  $2,292,942

  7%

  $2,129,160

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,375,972

  Geo Method

  $3,888,715

• Alternative Use

  Use

  Valuation

  Residential

  $2,503,226

  Hospitality

  $2,292,942

  Educational

  $1,907,701

  Medical

  $1,973,309

  Retail

  $2,967,534

Location Insight

City

Ridgecrest

County

Kern

State

California

Latitude

35.6363

Longitude

-117.671

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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