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6208 W Pacific Coast Hwy
Newport Beach, CA 92663 West Newport Beach

Price Upon Request

Hospitality For Sale  •  22,814 SF

Property Details

  • Property Type Hospitality
  • Total Building Size 22,814 SF
  • Lot Size 0.34 AC
  • Building Class B
  • Year Built 1970
  • Zoning CV
29 Transit Score
67 Walk Score

Highlights

Seller Financing available at 5.50% Interest Only with 50% LTV.
Attractive 7.54% Cash-on-Cash Return.
ProForma CAP Rate of 6.68%. Current CAP Rate of 6.52%.
Recently Executed a New 10-Year Corporate Backed Lease with (2) 5-Year Options to Extend. New Lease Features Annual Rent Increases.
Property Was Extensively Renovated in 2022. Pride Of Ownership, Absolute Turn Key, Financeable Asset. Recent Capital Improvements Exceeding $225,000
Improvements include but are not limited to, New Roof, New Carpet, New Windows, Screen Doors, Plumbing, Paint, Fixtures, Lobby, and Lounge Area.

Amenities

  • Balcony
  • Business Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Boutique/Lifestyle Hotel
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen

Public Transportation

AirportDriveWalkDistance
John Wayne/Orange County 12 min - 6.8 mi
Long Beach (Daugherty Field) 31 min - 22.5 mi
Los Angeles International 55 min - 41.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 18
Type: Surface
Included in Rent: Yes