6208 West Coast Highway

Newport Beach, CA 92663

$19,000,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $832 / sqft

1970

calendar_month Built

Property Description

Investment Highlights; Seller Financing available at 5.50% interest only with 50 % LTV. Attractive 7.54% Cash-on-Cash return with seller financing. ProForma CAP Rate of 6.68%. Current CAP Rate of 6.52% / 10-Year Corporate Backed Lease with (2) 5-Year Options to Extend / Recent Capital Improvements Exceeding $225,000+ / Master-leased boutique hotel located in Newport Beach, CA. The hotel offers 47 rooms with a range of amenities. The asset is situated along the Pacific Coast Highway (90,000+ VPD), providing guests with stunning views of the ocean and easy access to the beach. The hotel is in a prime location for exploring Newport Beach, with a variety of shops, restaurants, and attractions located nearby.

Listing Information

Close Price $19,000,000
Close Date Wednesday, December 6th, 2023
Status Closed
MLS IV23101301
Type Commercial
Subtype Hotel/Motel
Year Built 1970
Lot Size N/A
Structure Size N/A
DOM 155
Courtesy Of LE INVESTMENT GROUP
Listing Agent ALBERT LE DRE#01468313
Co-Listing Agent DARREN CORREA DRE#02066621

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: ALBERT LE, DARREN CORREA, LE INVESTMENT GROUP . *Based on information from the Association of REALTORS/Multiple Listing as of Dec 8th, 2023 at 12:41 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.