Rare investment opportunity to acquire a four unit multi-family property in Newport Beach, CA. Stabilized cash flowing asset with strong historical occupancy. Highly sought after rental market with above average household incomes. Located near beaches, restaurants, HOAG medical center, shopping and close to major thoroughfares.
Please call or email Clark Realty Advisors (Scott Clark) for marketing package and/or additional info about the property.
Multi-familyProperty Type
1965Year Built
7,841 sq ftLot Size
$709Est. Price/Sq.Ft.
1 spaceParking
Listed by Scott Clark•DRE #01816332• Clark Realty Advisors
•858-435-7572 (agent)
Bought with Scott Clark•DRE #01816332• Clark Realty Advisors
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Permits
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
—
Sq. Ft.
—
Year built
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Style
Multi-Family (2-4 Unit)
County
Orange County
APN
425-251-16
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Apr 7, 2023.
RM
Multiple Residential District
The RM Zoning District is intended to provide for areas appropriate for multi-unit residential developments containing attached or detached dwelling units.
Permitted uses
Include but are not limited to:
Livestock production
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Mar 22, 2024 • Final
Single-family / duplex re-roof express
Remove existing composition shingles and flat roofing. Install new CertainTeed composition shingles and Johns Manville torch-down roofing.
Roofing
Jul 24, 1995 • Final
Plumbing alteration
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Virtual Tour
Heating & Cooling
Heat Source: Electric
Multi-Unit Information
# of Units: 4
# of Units With Cooling: 4
# of Units With Dishwashers: 4
# of Units With Dryers: 4
# of Units With Fireplaces: 1
# of Units With Garage: 4
# of Units With Patios: 4
# of Units With Range/Oven: 4
# of Units With Refrigerator: 4
# of Units With Washers: 4
Annual Expense (Actual): $29,810
Net Operating Income (Actual): $89,830
Tenant Pays: Cable TV, Electricity, Gas/Propane
Unit 1 Information
Unit Number: 4207
# of Bedrooms: 2
# of Baths (Total): 2
# of Baths (Full): 2
Laundry Hook-Ups: Yes
Estimated Sq. Ft.: 1,300
Exclusive-Use Yard
Parking Garage Type: Assigned, Detached
Deposit: $2,555
Rent (Actual): $2,145
Rent (Projected): $2,350
Unit 2 Information
Unit Number: 4205
# of Bedrooms: 2
# of Baths (Total): 2
# of Baths (Full): 1
# of Baths (1/2): 1
Laundry Hook-Ups: Yes
Estimated Sq. Ft.: 1,100
Exclusive-Use Yard
Parking Garage Type: Assigned, Detached
Deposit: $2,500
Rent (Projected): $2,600
Unit 3 Information
Unit Number: 4203
# of Bedrooms: 2
# of Baths (Total): 2
# of Baths (Full): 1
# of Baths (1/2): 1
Laundry Hook-Ups: Yes
Estimated Sq. Ft.: 1,100
Exclusive-Use Yard
Parking Garage Type: Assigned, Detached
Deposit: $2,550
Rent (Actual): $2,550
Rent (Projected): $2,600
Unit 4 Information
Unit Number: 4201
# of Bedrooms: 3
# of Baths (Total): 2
# of Baths (Full): 2
Laundry Hook-Ups: Yes
Estimated Sq. Ft.: 1,300
Exclusive-Use Yard
Parking Garage Type: Assigned, Detached
Deposit: $2,300
Rent (Actual): $3,000
Rent (Projected): $3,500
Exterior
Exterior Features
Construction: Stucco
Fencing: Gate
Building Information
# of Buildings: 1
Year Built: 1965
Total Stories: 2
Roof: Wood
Property Information
Res Income 2-4 Units
Property Features
Telecommunications: Cable (Coaxial)
Lot Information
Lot Size: 7,500-10,889 Sq. Ft.
Lot Size Source: Title Company
Corner Lot
Land Information
Land Use Code: R2
Irrigation: Sprinklers
Utilities
Utility Information
Sewer Connected
Water Information
Meter on Property
Water Heater Type: Electric
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Orange County
APN: 425-251-16
Home facts updated by county records on Apr 7, 2023
Other
Listing Date Information
LVT Date: 2017-09-06
Off Market Status Date: 2017-12-12
Around this home
Schools
Newport Heights Elementary School
Public K-6 • Assigned • 0.5mi
10/10
Horace Ensign Intermediate School
Public 7-8 • Assigned • 1.0mi
9/10
Newport Harbor High School
Public 9-12 • Assigned • 1.0mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
Newport Beach is renowned for its stunning coastline, world-class harbor, luxury lifestyle, and vibrant waterfront community. With beautiful beaches, premier shopping and dining, top-rated schools, and year-round outdoor recreation, it offers an...