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  • Sold
  • Closed
  • Commercial
  • 22,814 Sq. Ft.
  • 0.46 Acres
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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.

Full Property Details for 6208 W West Coast Hwy

General

  • Status: Closed
  • Type: Commercial
  • Source: MRMLS
  • MLS ID: IV23101301
  • Added to Site: 989 day(s) ago

Business

  • Business Type: Hospitality, Hotel/Motel

Interior

  • Laundry Facilities: Yes

Rooms

Other Rooms

  • Laundry: Inside

Additional Information

  • Security/Safety: 24 Hour Security, Carbon Monoxide Detector(s), Card/Code Access, Fire and Smoke Detection System, Fire Sprinkler System, Security System, Smoke Detector(s)

Location

  • County: Orange
  • Driving Directions: Access through Prospect Street

Structural Information

  • # Buildings: 1
  • Entry Floor Number: 1
  • Stories/Levels: 4
  • Building Size: 22814
  • Square Feet: 22,814
  • Year Built: 1970

Unit Information

  • Occupancy Rate: Occupied

Lot Features

  • Lot Size (Acres): 0.46
  • Useable Acres: .46
  • Lot Size (Sq. Ft.): 20,037
  • Lot Size Source: Assessor
  • Lot Dimensions: .46
  • Lot Features: Corner Lot, Park Nearby
  • Lot Description: Corner Lot, Park Nearby
  • Fencing (Description): None

Water Features

  • Water Front Desc.: Across the Road from Lake/Ocean, Beach Access, Ocean Access

Financial Considerations

  • Price Per Sq. Ft.: $832

Disclosures and Reports

  • Property ID: 4511120

Listed by Le Investment Group, ALBERTLE and DARRENCORREA

Listing agents

— 6208 W West Coast Hwy —

  • ALBERTLE

    Le Investment Group

  • DARRENCORREA

909-256-7889

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 6208 W West Coast Hwy

Date
Details
Price
Change
Source
7/06/2023
Price Reduced
$19,950,000
—
MLS
6/08/2023
Sold
$19,950,000
-13.26%
MLS
6/08/2023
Listed
$23,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Le Investment Group, ALBERTLE and DARRENCORREA

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6208 W West Coast Highway, Newport Beach, CA 92663 (MLS# IV23101301) is a Commercial property that was sold on June 08, 2023. Want to learn more about 6208 W West Coast Highway? Do you have questions about finding other Commercial real estate for sale in Newport Beach? You can browse all Newport Beach real estate or contact a Coldwell Banker agent to request more information.