1141 Silverado St, La Jolla, CA 92037

Property Description

31 room fully operational hospitality offering in La Jolla, CA. Located in the heart of the village in La Jolla, 3 blocks to the ocean and La Jolla cove. Built in 1952 by Travelodge & leased by Travelodge until 2001. Located on a 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 bed in an alcove; 10 rooms with queen size beds; 12 rooms with king size beds; Managers' unit with 2 bedrooms and 1 bathroom; All rooms with individual heat/AC unit; Reception area, Laundry room, Maintenance room; 19 Parking spaces. All rooms have microwave, coffee pot, refrigerator, flat screen televisions, head boards dining table with 2 chairs, ...(MORE below in Supplement) (CONTINUED from Public Remarks)...[All rooms have microwave, coffee pot, refrigerator, flat screen televisions, head boards dining table with 2 chairs,] bedside tables, lamps & hairdryer. The property is situated in the LAPD Zone 2 that 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.