The well-known Ebb Tide Motel on West Pt Loma is up for sale, along with the adjoining apartment building. Together, the properties are being offered for $8,750,000.
And together they include a total of 23 units -- the motel has 15 and the multi-family building has 8.
Not only that, the in-place TOT license is being offered for short-term rentals. The offer makes this statement:
A buyer may have the option to utilize the in-place TOT license and run short-term rentals (AirBnB, VRBO, etc.) or convert the units into true apartments. With great parking, ocean views, and steps from the beach, a buyer can develop a substantial increase in gross income.