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6208 W Pacific Coast Hwy
Newport Beach, CA 92663
Master Leased Hotel · Hospitality Property For Sale
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22,814 SF
Investment Highlights
- Seller Financing available at 5.50% Interest Only with 50% LTV.
- ProForma CAP Rate of 6.68%. Current CAP Rate of 6.52%.
- Property Was Extensively Renovated in 2022. Pride Of Ownership, Absolute Turn Key, Financeable Asset. Recent Capital Improvements Exceeding $225,000
- Attractive 7.54% Cash-on-Cash Return.
- Recently Executed a New 10-Year Corporate Backed Lease with (2) 5-Year Options to Extend. New Lease Features Annual Rent Increases.
- Improvements include but are not limited to, New Roof, New Carpet, New Windows, Screen Doors, Plumbing, Paint, Fixtures, Lobby, and Lounge Area.
Property Facts
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Serviced Apartment | Year Built/Renovated | 1970/2020 |
| Building Class | B | Parking Ratio | 1.67/1,000 SF |
| Lot Size | 0.34 AC | Corridor | Interior |
| Building Size | 22,814 SF | ||
| Zoning | CV - Commercial Visitor-Serving | ||
| Property Type | Hospitality |
| Property Subtype | Serviced Apartment |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 22,814 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1970/2020 |
| Parking Ratio | 1.67/1,000 SF |
| Corridor | Interior |
| Zoning | CV - Commercial Visitor-Serving |
Amenities
- Balcony
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
Property Taxes
| Parcel Number | 045-111-20 | Improvements Assessment | $1,428,000 |
| Land Assessment | $16,626,000 | Total Assessment | $18,054,000 |
Property Taxes
Parcel Number
045-111-20
Land Assessment
$16,626,000
Improvements Assessment
$1,428,000
Total Assessment
$18,054,000
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