4233 Dana Rd, Newport Beach, CA 92663

We are pleased to present a charming 4-unit multi-family property located in Newport Beach, CA. The newly renovated subject property contains one 3-bedroom / 2-bathroom unit, two 2-bedroom / 2-bathroom units, and one 2-bedroom / 1.5-bathroom unit and consists of 4,305 rentable square feet spread throughout a 6,132 square foot lot. This property is stabilized with solid rents but has upside with top of the line furnishes. Owners enjoy the high demand for rentals in a coastal city of Southern California, wh

We are pleased to present a charming 4-unit multi-family property located in Newport Beach, CA. The newly renovated subject property contains one 3-bedroom / 2-bathroom unit, two 2-bedroom / 2-bathroom units, and one 2-bedroom / 1.5-bathroom unit and consists of 4,305 rentable square feet spread throughout a 6,132 square foot lot. This property is stabilized with solid rents but has upside with top of the line furnishes. Owners enjoy the high demand for rentals in a coastal city of Southern California, while tenants enjoy living a short distance to local beaches, shopping, restaurants and nightlife in Newport Beach, Lido Isle, and Downtown Costa Mesa. Newport Beach is a highly sought after rental market. With a limited rental stock and great demographics. The average household income in Newport Beach is currently $119,379 and even with an average income roughly 40% higher than the Orange County average, renting is still more affordable than buying a home in Newport Beach where the median property value is $1.7 million.

We are pleased to present the four-unit apartment building located at 4233 Dana Road, Newport Beach, California. The building consists of one three-bedroom/two-bath unit, two two-bedroom/one-and-one-half-bath units, and one two-bedroom/two-bath unit. All units have a washer and dryer hook up and come with a private garage and either balcony or patio. The building is “All electric, ” separately metered, and each unit has its own water heater. The neighborhood is situated between Hoag Memorial Hospital and Hoag Health Center. The building is about one mile from the beach and close to the 55, 73, and 405 freeways, giving tenants easy access to all parts of Orange County and South Los Angeles. Newport Beach is one of Southern California's premier beach cities with the median value of homes exceeding one-million dollars. Newport Beach is known for its fine residential areas, modern shopping facilities, strong business community, and quality school systems. It surrounds Newport Bay where approximately 4,300 boats of all types are docked within the 21-square-mile harbor area. The bay area and the city's eight miles of ocean beach offer outstanding fishing, swimming, surfing, and aquatic sports activities.