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.
Across the Road from Lake/Ocean, Beach Access, Ocean Access
You are viewing the for at 6208 West Coast Highway with the MLS® IV23101301 on Previewochomes.com. This at 6208 West Coast Highway, . 92663 is currently for featuring and listed for sale at $19,950,000. This for at 6208 West Coast Highway with the MLS® # IV23101301 has been listed since 2023-06-08.
Please contact us for additional information and assistance.
| Date | Details | Change |
|---|---|---|
| Status Changed from Pending to Closed | – | |
| Status Changed from Active to Pending | – | |
| Price Reduced from $23,000,000 to $19,950,000 | $3,050,000 (13.26%) |
Based on information from California Regional Multiple Listing Service, Inc. as of April 29th, 2024 at 9:56pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Property Listed By: Albert Le of LE INVESTMENT GROUP
