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711 S Brookhurst ST Anaheim, CA 92804
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Key Details
Sold Price $12,500,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 43,234 sqft
Price per Sqft $289
MLS Listing ID PV18178930
Sold Date 11/21/18
HOA Y/N No
Year Built 1984
Lot Size 1.727 Acres
Acres 1.7273
Property Sub-Type Hotel/Motel
Property Description
The Brookhurst Plaza Inn is a 91-guest room hotel located in Anaheim, CA in a busy tourist destination with Disneyland and the Anaheim Convention Center close by. The hotel has had strong financial results over the past several years with year-over-year revenue growth and is experiencing another strong year in 2018 with an expected 25% increase in revenues. The hotel sits on an expansive, flat lot totaling 1.73 acres. The close proximity to Disneyland as well as other destination sights near the hotel has helped bring continual business from Chinese and other international tourists. There is also opportunity to increase sales with more marketing and outreach efforts. The hotel gains added revenue from an event space adjacent to the hotel which can alternatively be utilized as a restaurant. This space has consistently contributed to a strong and steady cash flow for the owners of the hotel. Plans exist to add additional hotel rooms and suites above the event space. The property also includes an elevator, swimming pool and spa, coin laundry, indoor and outdoor corridors, and 124 parking spaces.
Location
State CA
County Orange
Area 79 - Anaheim West Of Harbor
Zoning Commercial
Interior
Heating Heat Pump
Cooling Central Air, See Remarks
Laundry Community, Dryer Included, Laundry Chute, See Remarks, Washer Included
Exterior
Fence Block
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Flat
Building
Lot Description 0-1 Unit/Acre, 2-5 Units/Acre, Level with Street, Lot Over 40000 Sqft, Rectangular Lot, Level, Near Public Transit
Story 3
Water Public
Others
Security Features Carbon Monoxide Detector(s),Card/Code Access,Closed Circuit Camera(s),Fire and Smoke Detection System,Security Lights,Smoke Detector(s),Window Bars,Wired for Alarm System
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 1.25
TERMS 1031 Exchange,Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Monica Masuda
SHOW CONTACT PH 3107396599
SHOW INSTRUCTIONS Please contact Monica Masuda for questions (Call/text 310 739 6599 or email monica@shayrealtyca.com) For a scheduled viewing, please reach out to Patricia Yun (Call/text 310 728 5512 or email patricia.yun@gmail.com)
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Bought with Long Dragon Realty Group, Inc.