Lake Marina Inn | 10215 E Highway 20
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Lake Marina Inn 10215 E Highway 20
13 Room Hotel Clearlake Oaks, CA 95423 $2,948,338 CAD ($226,795 CAD/Room) 8.50% Cap Rate
Executive Summary
Lake Marina Inn is beautiful independent own motel in the Clearlake Oaks city on the Clearlake. which is California's largest lake. Property is on the lake has 13 rooms total with 9 rooms has kitchenette and 3 double bedroom and 1 with disability access. Also has 1 bed and 1 bath Manager Apartment. all rooms has basic required amenities. Motel offer 30ft. long dock going in water for people who are interested in fishing. also offers BBQ area. Motel has local and loyal customers from around California. Lake county is one of the county known for Fishing, birdwatching, fish and wine festival during summer time and various other activities. Lake is surrounded by nature, trail and don't forget wine tourism. over all this gem has many [potential if one interested in Airbnb or run it as it is. if, your are interested consider contacting. Most part Motel offer breathtaking view.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Patio
- Marina
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $197.03 CAD | - |
| Guest Room | 11 | $116.23 CAD | - |
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PROPERTY TAXES
| Parcel Number | 035-532-140-000 | Total Assessment | $861,141 CAD |
| Land Assessment | $318,986 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $542,155 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
035-532-140-000
Land Assessment
$318,986 CAD
Improvements Assessment
$542,155 CAD
Total Assessment
$861,141 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | CR |
| CR |
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Ramaa corporation
Lake Marina Inn | 10215 E Highway 20
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