Hector Garcia And JD Singh Acquire Howard Johnson Hotel In Buena Park For $13M
7039 Orangethorpe Avenue
$13,000,000
$371/SF
Building Size
35,000 SF
Asset Type
Hotel
Closing
Dec 31, 2025
AI
The asset involved in the transaction is a hotel located at 7039 Orangethorpe Avenue in Buena Park. The sale price was $13,000,000, and the property has a total area of 35,000 square feet, translating to a price per square foot of $371.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $13,000,000
- Square Footage: 35,000
- Price Per Square Foot: $371
- Buyer: Hector Garcia & Jd Singh - Passive Partners Capital
- Seller: MK Properties
- Broker: Gilbert Morales - TCB Real Estate Services
The buyers, Hector Garcia and JD Singh of Passive Partners Capital, plan to undertake approximately $3 million in renovations to transform the Howard Johnson Hotel into permanent multifamily housing, with 60% of the units already reserved for veterans. They successfully completed the full entitlement and approval process during escrow, ensuring that the conversion is fully approved and ready to commence renovations.
Buena Park Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93