Seven Gables Inn

HIGHLIGHTS
Unobstructed views of the Pacific Ocean, Monterey Bay and the coastal mountains beyond.

Ultimate Monterey Bay Ocean View Inn

Currently operating as a boutique hotel, Seven Gables consists of 7 separate structures totaling 25 rooms.

Property is comprised of 4 separate APNs allowing flexibility for potential use.

INVESTMENT SUMMARY

PROPERTY INFORMATION:

**The Property is located on a point of land along Ocean View Blvd., a two- lane road running along the entire coastline of Pacific Grove.

**The entire coastline of Pacific Grove on the ocean side of Ocean View Blvd. is zoned open space and will never be developed preserving the ocean views from the Property.

**Monterey Bay has been designated a National Marine Sanctuary with strict rules to help ensure that the water and wildlife will be protected.

**The location affords ocean views from all 25 rooms in every building on the Property.

**Every bedroom has a full, in-room bathroom.

**Oceanfront dining room to seat up to 40.

**Full commercial style kitchen on site.

**2 Full commercial laundry facilities on site.

**Conference facilities for large gatherings.

**Unlimited on-street parking with no time limit plus additional off-street parking spots.

**All the buildings on the Property have been fully restored to include updated foundations, new wiring, new plumbing, new roofing, new windows and new interior appointments.

**All the work was completed with the necessary building permits.

**All the buildings are in excellent condition.

**Two of the buildings on the Property, the Beach House and Sea View Cottage, have fire sprinklers installed.

**The entire Property has monitored entry alarms in the common/working areas as well as a monitored smoke alarm in every room and location throughout the buildings.

**The exteriors of the Property are fully landscaped and include a stream feature next to the Beach House as well as two additional fountains on the property.

*A programmable drip and sprinkler system irrigate all garden areas of the Inn.
**Fireplaces-Gas or Electric.

**Frontage: 133'+- on Ocean View Blvd., 164'+- on Grand Ave. and 161'+- on Fountain Ave.

**Zoning: R-3-PGR

***Cap Rate 6.30%

***Property Type: Hospitality

***Property Sub-type: Hotel

***Zoning Description: Hotel

***Building Class: A