1800 Westcliff dr, Newport Beach, CA 92660
Active
$12,600,000
18 Units
30 Beds
22 Baths
17,309 Area(sq.ft.)
Lot: 27,058 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 6 | 1 | 1 | No | $ 2,653 | $ 15,918 | $ 19,770 |
| Unit 2 | 2 | 2 | 1 | No | $ 2,690 | $ 5,380 | $ 7,100 |
| Unit 3 | 6 | 2 | 1 | No | $ 3,080 | $ 18,480 | $ 22,200 |
| Unit 4 | 4 | 2 | 2 | No | $ 3,158 | $ 12,632 | $ 15,400 |
| 18 | 30 | 22 | $ 52,410 | $ 267,676 | $ 327,620 |
| MLS #: | 25531235 |
| Days On Market: | 289 |
| Listing Date: | April 21, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 728 |
| Price per unit: | $ 700,000 |
| Year Built: | 1960 |
Property Details
Nestled in Newport Beach's Dover Shores/Heights neighborhood, Westcliff Courtyard Apartments features 18 units spread across four two-story buildings on a 27,058 SF corner lot. Built in 1960, this garden-style complex offers a mix of one and two-bedroom units averaging 927 SF, with most providing private outdoor space. The property includes 18 parking spaces, on-site laundry, and a resident manager. Recent renovations include roofs, electrical systems, the courtyard, and unit interiors. The complex boasts an ideal location with easy access to beaches, shopping, and outdoor recreation. Seller will provide financing at competitive ratesInterested in this Listing?
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Income Details
| Gross Operating Income: | $ 631,979 |
| Total Annual Expense: | $ 267,672 |
| Net Operating Income: | $ 364,307 |
| Gross Annual Income: | $ 628,920 |
| Cap Rate: | 2.89% |
| Gross Rent Multiplier: | 20.00 |
Structure
| Type of Units: | Market |
| Buildings: | 4 |
| Levels: | Two |
Land & Parking
| Parking Garage: | Carport Attached, Carport Detached |
| Total Parking: | 18 |
Interior
| AC/Cooling: | Ceiling Fan |
| Equipment: | Ceiling Fan, Dishwasher, Microwave, Range/Oven, Refrigerator |
| Heating: | Forced Air |
| Laundry: | Community |
Exterior
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