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598 Laine St
Monterey, CA 93940 New Monterey

$3,500,000 USD

Hospitality For Sale  •  4,502 SF

Property Details

  • Property Type Hospitality
  • Total Building Size 4,502 SF
  • Lot Size 0.41 AC
  • Building Class B
  • Year Built 1911
34 Transit Score
93 Walk Score

Description

Lodging Brokers Network is proud to be the exclusive listing broker of the Jabberwock Inn located in beautiful Monterey, California. Set on nearly a half-acre of gardens, this historic 1911 Craftsman-style inn provides fabulous views of the Monterey Bay with its famous sea otters and harbor seals.

This upscale inn features eight guestrooms plus one additional currently unused unit that could be owner/manager quarters or potentially one additional guestroom with water credits and city approval. Permitted as a hotel, there is no requirement for an onsite owner or staff member. Guest amenities include a delicious breakfast, evening hors d’oeuvres on the sun porch, colorful gardens, a bocce ball court, exquisite bay views, and plenty of restaurants and beaches nearby.

With an ideal location sitting only five blocks above Monterey Bay, famous Cannery Row and the Monterey Bay Aquarium, this presents a rare opportunity to acquire a consistent, strong performing inn within the always popular tourist market of Monterey. This beautifully maintained inn is priced at an 8.7% cap rate on the 2025 adjusted net operating income.

Contact Kathryn Proctor at 415-606-4587 for more information. Do NOT contact manager or employees. Appointments made through Listing Broker ONLY.

For more information, please download, complete, and return the linked Confidentiality Agreement.

Highlights

Consistent, strong performing inn within the always popular tourist market of Monterey
Located only five blocks above Monterey Bay, famous Cannery Row and the Monterey Bay Aquarium
Exquisite Bay Views
Approx. $640k in gross revenue and $300k+ in net operating income
Contact Kathryn Proctor at 415-606-4587 for more information. Do NOT contact manager or employees. Appointments made through Listing Broker ONLY.

Public Transportation

AirportDriveWalkDistance
Monterey Regional 10 min - 5.0 mi
Kathryn Proctor 415-606-4587 Lodging Brokers Network
Kathryn Proctor 415-606-4587 Lodging Brokers Network