6045 Pine Street, Wrightwood, CA 92397

$4,275,000
List Price
$4,275,000
Price Change
▲ $275,001 1658021013
Status
ACTIVE
MLS#
WS21235276
Year Built
1964
Lot Size
21,150
Acres
0.4855
Lot Location
Item2125UnitsAcre, DripIrrigationBubblers, Landscaped, NearPark, Near Public Transit
Days on Market
287
Property Type
Commercial
Property Sub Type
Hotel/Motel

Property Description

A rare opportunity to own an award-winning, turn-key, managed Hotel, Bar, and Event Venue just one hour from Los Angeles in the heart of the Downtown district of Wrightwood, CA. Year over year increasing profitability, even during COVID-19 pandemic with value added opportunity. This unique property allows you to enjoy the serenity of nature with the modern amenities of a luxury hotel. Once the historic Pines Motel, Grand Pine Cabins now features a selection of multi-room cabins, suites, and hotel rooms for a total of 13 guest doors w/22 rooms that have been fully renovated and tastefully decorated with inspirational artwork and designer furniture. Amenities include drive-up parking, Tesla EV charging, high-speed WIFI, smart TVs, guest laundry, contactless check-in/check-out options, in-room Keurig coffee makers, mini bars, mini fridge and microwaves. There is an extensive back of house which includes a back office, manager apartment, housekeeping and laundry center, multiple storage buildings, service corridor and secure liquor storage to support the uncompromising personalized service that GPC staff provide. 2021 pro forma gross $600k+ growing to $800k+ in 2023. Highest demand dates command rates of $800+/night. One of the highest performing hotels year-round in all SB county with an ADR double SB county average. Top-rated on Hotels.com, Expedia, Trip-Advisor and Yelp! Just 3 miles from Mountain High Ski Resort and 5 miles from the PCT. As one of the rest stops on the Pacific Crest Trail, April, May and June are extremely high volume. Tourists with families frequent during the summer. Spring and Fall are peak wedding season. In Winter, Wrightwood is a snow-filled wonderland and nearly every weekend is oversold at premium pricing. This exquisite hotel uniquely encapsulates the back to nature experience, promising an unforgettable stay of sheer relaxation, and comfort during all seasons. The "Grand Pine" concept was brought to life by visionaries at Sierra Blue Ventures with a 2-year renovation completed in 2021. Recently completed construction for additional value added revenue in 2021: indoor/outdoor event rental spaces, artisan full service indoor/outdoor bars and guest laundromat. Type 71 Liquor license is included with sale. The new multi-use meeting room is also used for co-working space and a Yoga studio. Additionally: 2 food truck rental spaces w/outdoor dining space for more value added future rental revenue.

Additional Information

Appliances
Dryer, Washer
Heat
Fireplace(s), Natural Gas, Wall Furnace, Zoned
Cooling
Yes
Cooling Description
Electric, ENERGY STAR Qualified Equipment, HighEfficiency, Zoned
Exterior Construction
Wood Siding
Roof
Composition
Water
Public
Attached Structure
Detached
Number Of Units Total
16
Gross Scheduled Income
$676,797
Operating Expense
192331

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: LANCE YABUT from Listing Office: ELITE REALTY SERVICES

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.