370 Orange Avenue, Coronado, CA 92118

Price

$5,200,000

Price Per Unit

$472,727

Price Per Square Foot

$2,020.20

CAP Rate

4.42%

370 Orange Avenue

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Terms and Conditions

I agree to the Principal Agreement and Broker Agreement

Number of Rooms

11 Rooms

Building Square Feet

2,574 SF

Lot Size

0.16 Acres

Year Built

1951

APN

536-222-13-00 536-222-14-00

The Bove Group of Marcus & Millichap is pleased to present El Rancho Motel, a rare and iconic hospitality asset in Coronado, California's heart. Situated at 370 Orange Avenue, this 11-room boutique motel represents a compelling investment opportunity in one of the most prestigious, supply-constrained, and sought-after coastal submarkets in Southern California. Originally constructed as a 10-unit apartment building, the property is currently operated as a motel. While this use is not formally permitted, it is considered legal nonconforming per a City Planner, as the operation has existed for an extended period.

Positioned just minutes from the beach, the bay, and the vibrant Orange Avenue corridor, El Rancho Motel benefits from exceptional walkability, year-round tourism, and the enduring appeal of Coronado’s historic charm. Coronado is a premier tourist destination known for its world-renowned beaches, iconic Hotel del Coronado, and small-town atmosphere, making this an unparalleled location for hospitality investors.

With its prime location, upgraded plumbing, and authentic architectural character, the property presents a unique opportunity to reposition, redevelop, or operate as-is with stable income potential. El Rancho Motel is truly irreplaceable real estate, situated in one of San Diego’s most exclusive coastal enclaves where opportunities of this kind are exceedingly rare. Whether enhancing the existing motel or pursuing a higher-and-better use, this offering represents a chance to own a piece of Coronado’s legacy while capitalizing on a high-demand market with strong hospitality fundamentals. Don’t miss the opportunity to secure a generational asset in an irreplaceable location.