47-Room Coastal Hotel SBA Financing

Type: Investment

6208 West Coast Highway Newport Beach, CA 92663

47-Room Coastal Hotel SBA Financing

Total Number of Units: 47

Year Built: 1970

Sale Price: $23,500,000

Price per Unit: $500,000

Price per Square Foot: $1,030.07

CAP Rate: 7.99%

GRM: 5.54

Downpayment: $7,050,000

Net Operating Income: $1,876,971

Rentable Square Feet: 22,814

Lot Size: 0.41

Unit Type

Standard Two Queen

Balcony Two Queen

Queen With Bunkbed

Standard King

Balcony King

No. of Units

7

11

3

19

7

Le Investment Group is proud to present a prime coastal investment opportunity along Pacific Coast Highway in Newport Beach. This fully renovated, 47-room boutique hotel-currently operated by Sonder-features 18 ocean-view balcony rooms and includes all FF&E.All Existing operations and revenue will be delivered to the new owner-operator, as the existing operator will be turning over all operations. The property offers immediate cash flow with an in-place 7.99% Current CAP rate on current established operational revenue and 8.78% ProForma CAP with F&B and operational alignment. Amenities include an outdoor pool, fitness center, business lounge, and modern guest rooms. SBA FINANCING is offered for the buyer as an owner-operator. Loan Quote is included in the underwriting on the Offering Memorandum.Surrounded by high-end retail, dining, and beaches, this is a rare chance to own in one of Southern California’s top-performing hospitality markets.