Active
$15,000,000
20 Units
2 Beds
1 Baths
15,080 Area(sq.ft.)
Lot: 28,270 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 20 | 2 | 1 | No | $ 3,073 | $ 61,460 | $ 3,750 |
| 20 | 40 | 20 | $ 61,460 | $ 1,229,200 | $ 75,000 |
| MLS #: | OC25100801MR |
| Days On Market: | 273 |
| Listing Date: | May 6, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 995 |
| Price per unit: | $ 750,000 |
| Year Built: | 1975 |
Property Details
Newport Harbor consists of four apartment buildings, each constructed in 1975 situated on two separate legal lots consisting of ten units each. Each building is one and two-story construction with interior central courtyard and individual walk-up design. The roof structures are a mix of pitched composition shingle and metal, and were recently replaced in May 2025. The property is gated and features one laundry room on each lot. Twelve units have been fully renovated while the remaining eight can be renovated to increase cash flow. The property is individually metered for electric and features a master water heater for each individual building (4). Each unit features central air conditioning and heat. Twelve units feature large ground floor patios while four units feature balconies.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 275,910 |
| Net Operating Income: | $ 462,248 |
| Cap Rate: | 3.08% |
Structure
| Community Features: | Biking, Fishing, Golf, Park, Watersports, Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | R-3 |
| Land Lease Type: | Fee |
| Parking Garage: | Garage |
| Total Parking: | 20 |
Interior
| Laundry: | Community |
Exterior
| Pool: | No |
Detailed Map
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Income
