Description

We are pleased to present this opportunity. View Crest Lodge is a hospitality investment at 3415 Patricks Point Drive in Trinidad, CA. Set on 8.2 acres, the property combines cabin lodging with a long-term RV community, giving an operator distinct ways to serve overnight guests and longer-stay residents.

Built in 1955, the property includes 11 freestanding cabins with kitchens and a 38-space long-term RV community. Several cabins have hot tubs and gas fireplaces, and one is ADA accessible. Guest and operating facilities include a housekeeping lodge, laundry and ice service, a breakfast prep room, and a BBQ pavilion. The included 3,200 SF, 5-bedroom main residence currently serves as the owner’s home and produces no income, leaving its future role a separate operating decision.

Just north of Trinidad, View Crest Lodge puts guests near the coast and redwood recreation. Sue-meg State Park is two miles up the road, while Redwood National & State Parks and Arcata-Eureka Airport are about 15 minutes away. Trinidad Bay, Trinidad Head, and nearby beaches give cabin guests a range of coastal outings. That mix of short visits and extended stays fits the property’s lodging and RV components without requiring them to serve the same guest.

The asking price is $5,200,000, or $104,000 per unit, and the property is 90% occupied. In-place NOI is $445,949 with a 9.39% in-place cap rate. The $543,299 NOI and 10.45% cap rate incorporate a modeled short-term rental scenario for the currently non-income-producing residence, rather than income already generated by it. For a hospitality buyer, the distinction separates the existing operation from the residence income scenario.