949-677-4757
34862 Coast Hwy, Dana Point, CA for Sale
Hospitality - FOR SALE
1/7
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34862 Coast Hwy
Dana Point, CA 92624


HIGHLIGHTS

  • Irreplaceable Real Estate | High barriers to entry, directly across from the beach with unblockable ocean views.
  • Recently Renovated Boutique Luxury Hotel | Completely renovated down to the studs in 2024.
  • Potential Marriott Relationship | Would become part of the Marriott "Design Hotels" collection and rapidly drive the hotel to stabilized revenue.
  • Ocean Views | Located along the Pacific Coast Highway with unblockable ocean view from all guestrooms and easy access to Capistrano Beach.
  • Limited Competition | There are no luxury boutique hotels in the area; only the larger luxury resorts (Ritz-Carlton, Waldorf Astoria).
  • Strong Population and Affluent Demographics | This Property benefits from strong demographics, with a household income of $190,000+.

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the El Caminante Bar & Bungalows Luxury Boutique Hotel located at 34862 Pacific Coast Highway, Capistrano Beach, CA (the “Property”). This exclusive hotel presents an unparalleled opportunity for savvy investors seeking to capitalize on the thriving hospitality market of Southern California. El Caminante is a 30-Room Luxury Boutique Hotel that has been completely renovated down to the studs in 2024 (see the Renovation Page for more details). The property sits on irreplaceable real estate with high barriers to entry, directly across from the beach with unblockable ocean views. Additionally, the property has unique outdoor food & beverage spaces, including a high-end cocktail bar and a to-be-finalized 1,200 SF outdoor ocean view deck. El Caminante is 10,581 square feet and sits on 0.96 acres. The building is 2 stories and has 53 parking spaces. It is located on the Pacific Coast Highway with approximately 16,069 cars per day. The hotel has limited competition, as there are no other luxury boutique hotels in the immediate area. Negotiations are being finalized to add the hotel to Marriott's "Design Hotels" collection. This relationship would likely accelerate revenue goals while maintaining the character of the hotel. El Caminante would be one of only 14 Design Hotels in California and the only one in coastal Southern CA. The Property is located directly across from Capistrano Beach and near Dana Point, San Clemente and San Juan Capistrano. It is just a short bike ride away from bars, breweries, restraunts and other attractions. The Dana Point Harbor is currently undergoing a $600 million revitalization that includes 15 phases of new dock and boat slips, plus 5 phases of commercial with 120,000 SF of restaurants and shops plus a 984-stall parking structure. El Caminante also benefits from strong demographics with an affluent population of 151,000+ and and average HH income of over $190,000 within 5 miles. Investors will also benefit as the property recently received full approval for a long-term reduction in property taxes as part of the Mills Act Program. These contracts are typically for 10 years with automatic yearly extensions and they stay with the property when transferred.

FOR SALE DETAILS

PRICE

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# OF ROOMS

30

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

El Caminante Bar & Bungalows

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1946

PARKING SPACES

53

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

RBE/CD, Dana Point

APN/PARCEL ID

691-411-44

ASK ABOUT THIS PROPERTY

Ronnie GivargisNorthmarqMore Info
949-677-4757

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Ronnie GivargisNorthmarqMore Info
949-677-4757

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.