Projects

Little Italy Adventure Hostel

Highlights

Historical building, turned from SRO into high end office space
Acquired at $350k, $600k+ of capital improvements
Turned into profitable short term rental
Sold for $1.8 million to Adventure Hostel Group

Date & State (Little Italy)

Highlights

Acquired one of the busiest corners in all of Downtown San Diego
Both units used as short term rentals (one master lease)
Sold interests in 2021 for 180% return

Baker Hotel (East Village)

Highlights

22 room acquired for $2.6 million in 2017
Value add project
Long term master lease to Sonder

Jordan House (Golden Hill)

Highlights

Acquired for $1.2 million
Construction budget of $180,000
Stabilized with 50% increase in revenue
Sold for 50% return

Julian RV Resort

Highlights

RV Park located in the heart of Julian
Value add
Doubled revenue in Year 1

California Dreams Hostel

Highlights

17 room hostel located in Pt Loma
Value add stabilization
Long term NNN master lease to experienced operator

The U (North Park)

Highlights

Purchased for $3.8 million with $14k monthly income
$300k construction budget
Stabilized income at annual revenue of $500k
Sold for $1.8 million to Adventure Hostel Group

Hotel Occidental

Highlights

55 unit hotel in Banker’s Hill
Purchased for $6.4 million
Value add syndication