$13,045,000
$14,000,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
0.65 Acres Lot
SOLD DATE : 09/16/2025
Key Details
Sold Price $13,045,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC25100801
Sold Date 09/16/25
Bedrooms 2
Lot Size 0.649 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
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.
Location
State CA
County Orange
Zoning Assessor
Direction Located off of East 15th Street Across from Newport Harbor High School
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 42524310
Acceptable Financing Exchange
Listing Terms Exchange
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Bought with General NONMEMBER NONMEMBER MRML