1818 CALLE LOIZA Active Save Request In-Person Tour Request Virtual Tour
San Juan,PR 00911
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,068 sqft
Price per Sqft $206
Subdivision Condado
MLS Listing ID PR9110071
HOA Y/N No
Originating Board Stellar MLS
Year Built 1970
Lot Size 0.300 Acres
Acres 0.3
Property Description
Introducing 1818 Guesthouse, a unique 10-unit Airbnb property located in the vibrant heart of Calle Loiza. This guesthouse offers a mix of spacious studios, 1- and 2-bedroom units, perfect for both short and extended stays as well as long-term rental tenants.
Of the 10 units, 6 are oversized, with many featuring separate living rooms and kitchenettes, providing guests with added comfort and convenience. The property includes a total of 11 finished bedrooms, while one additional bedroom and bath on the ground floor is ADA-compliant, offering an accessible bunk/hostel-style room with an attached bathroom (pending completion).
Key Highlights:
- Prime Location: Situated in the bustling Calle Loiza neighborhood, ideal for exploring local dining, shopping, and entertainment.
- Spacious Units: Six out of ten units have larger living spaces, with some including separate living areas and kitchenettes.
- Food & Beverage Potential: The property has additional F&B opportunities, including a rear ground-floor patio space perfect for guest dining or events.
- Additional commercial space rental income on the ground floor
- Potential rooftop buildout pool with city views
Remaining Work:
- Ground Floor Completion: Including concrete slab installation, floor finishing, and minor plumbing.
- Electrical & Finishing Touches: All infrastructure is in place, with minor electrical work (plugs, switches, and lighting) and paint touch-ups remaining.
The current investment group has received a conceptual endorsement from the department of Tourism to receive the Act 60 Tourism incentives making this a great opportunity for the buyer to apply for the tax credits under the Puerto Tourism Act 60.
1818 Guesthouse is the rare opportunity to own an Airbnb-ready property with tremendous commercial potential on the ground floor in one of Puerto Rico's most sought-after locations.
Location
State PR
County San Juan
Community Condado
Zoning C-2
Interior
Interior Features Ninguno
Heating Electric
Cooling Mini-Split Unit(s)
Fireplace false
Laundry None
Exterior
Exterior Feature Other
Utilities Available Electricity Connected
Roof Type Concrete
Garage false
Private Pool No
Building
Foundation Concrete Perimeter
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Others
Ownership Fee Simple
Special Listing Condition None