This sale includes the established short-term rental business, all furnishings and personal property, and the real estate. Turnkey acquisition - ready to generate income on Day 1. This beautiful condo is more than a luxury vacation spot; it is a **high-performing, established business asset**… Read More situated for maximum rental demand. The property has been operating on Airbnb for the past two years, and has now achieved a superhost status that will be transferred to the new owner. This eliminates the time, effort, and risk typically associated with launching a new STR operation. Seller is also offering to manage the Airbnb business after the sale. Property is booked all year round with almost zero vacancy. The average rental income has been $4,500/month. Premier Newport Beach Location: Steps from the beach, world-class surfing, Balboa Island, Fashion Island, and the entertainment hub of the Peninsula. This property boasts a strong Gross Rent Multiplier of 13.87 and a pro forma NOI of \$40,884, translating to a **5.46% Cap Rate**—a rare and competitive return for a prime coastal Orange County asset. **LOW Operating Costs:** The **HOA fee (\$550/month) covers water, trash, and sewer. Low-Maintenance, Premium Asset * **Resort-Style Amenities:** The highly secure community provides a competitive advantage for STR listings, offering a large pool, Jacuzzi, dry sauna, fitness rooms, and gated underground parking. Read Less
Property listed by Real Estate eBroker Inc., Soheil Naimi 949-424-7283
Listing Snapshot
Days Online
7
Last Updated
Property Type
Other
Lot Size
5.94 Acres
Year Built
1971
MLS Number
DW25247619
30 Days Snapshot Of 92663
$4.27M
+45%
(avg) sold price
16
0%
homes sold
112
+25%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1971, Leasable area: 565, Elevators
Lot
5.9396 acres, 258,727 square feet, Size: 258,727
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
