47-Room Coastal Hotel SBA Financing
Type: Investment
6208 West Coast Highway Newport Beach, CA 92663

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.

