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Agent Name
  • Mauricio Umansky
  • Founder, CEO
  • 424.230.3701
  • MUmansky@TheAgencyRE.com

Seven Gables Inn
Pacific Grove, CA

$18,750,000price
27Beds
31Total Baths
15,100Sqft
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

Listing Details

Essential Information

Bedrooms 27
Full Bathrooms 31
Square Footage 15,100
Lot Size 21,000
Year Built 1886
Type Income
Style Cottage
Status Pocket (Not in MLS)

Community Information

Address Seven Gables Inn
Area Out Of Area
Neighborhood/Subdivision Pacific Grove
City Pacific Grove
County Monterey
State CA
Country US

Amenities

Parking Spaces 8
Parking Garage;Parking For Guests - Onsite
View Ocean;White Water

Interior

Heating Central
Cooling Central
Stories 3

Financials

$/SqFt $1,242
Listing Agent: Mauricio Umansky
Listing Office: The Agency