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San Diego Beach Motel Acquired for $7,700,000

Updated: Jan 4


Pacific Coast Commercial is thrilled to announce the successful sale of 821-839 Santa Clara Place. “The Santa Clara Motel offered our client the unique opportunity to reposition a generational trophy asset in one of San Diego’s most desirable coastal tourism hubs. It will be exciting to see our client effectuate their plans for the site and capture the true value of such a desirable location,” stated Colton Speas.

 

Comprising of four separate parcels in one of San Diego's premier beachfront communities, this asset features four buildings totaling 8,000 sf, each situated on its own feet parcel occupying a total land area of 10,500 square feet. Nestled just steps away from the beach and surrounded by endless retail and entertainment choices, this property is perfectly ready and waiting for a conversion into short-term vacation rentals. The successful sale, totaling $7,700,000, was closed on December 20, 2023.

 

Hats off to Tommas Golia, Colton Speas, and Jason Vieira from Pacific Coast Commercial for effectively representing the buyer.


PROPERTY ADDRESS

Address: 821-839 Santa Clara Place San Diego, CA 92109

APN: 423-596-06-00, 423-596-07-00, 423-596-08-00, 423-596-09-00


REPRESENTATION

Seller Representation Company: Commercial Asset Advisors

Broker Rep: Brian Jenkins/Mike Conger/Matt Monterroso

 

Buyer Representation Company: Pacific Coast Commercial

Broker Rep: Tommas Golia, Colton Speas, and Jason Vieira


SALE DETAILS

Property Type: Beach Motel Building

Square Footage: Approx 8,000 SF located on 10,500 SF land

Sale Price: $7,700,000

Seller Name: Investment Property Exchange Services, Inc., as Qualified Intermediary for American A-One Investment Company, a California Corporation

Buyer Name: Hotel Santa Clara LLC, a California limited liability company

Escrow Company: Chicago Title Company

Close of Escrow Date: December 20, 2023

Title Company: Chicago Title Company

Financing: Endeavor Bank


CONTACT AGENTS FOR MORE DETAILS


TOMMAS GOLIA, CCIM

Director of Brokerage

(858) 598-2891

Lic. 01890744


COLTON SPEAS

Broker Associate

(858) 598-2873

Lic. 02062812


JASON VIEIRA

Senior Advisor - Sales & Leasing

(858) 300-0375

Lic. 01896589




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