$2,700,000
For Sale

1818 CALLE LOIZA

San Juan, PR 00911
Browse 27 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

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.

  • Property Details
      • Utility FeaturesElectricity Connected
      • FoundationConcrete Perimeter
      • Property TypeMulti-Family
      • Sewer InformationPublic Sewer
      • Property SubtypeMulti-Family
      • Original List Price$2,700,000
      • MLS #PR9110071
      • MLS #PR9110071
      • CountySan Juan
      • InteriorNinguno
      • SubdivisionCONDADO
      • Cost2700000
      • Utility SourcePublic
      • Exterior MaterialsOther
      • Year Built1970
      • Acres0.3
      • Days on Market (Cumulative)38

Location

Bill BarnabaReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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