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… Read More 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. Read Less
Property listed by NorthMarq Realty Services, Inc, Peter Hauser 949-302-1400
Listing Snapshot
Days Online
26
Last Updated
Property Type
Apartment
Lot Size
0.65 Acres
Year Built
1975
MLS Number
OC25100801
30 Days Snapshot Of 92663
$4.71M
+13%
(avg) sold price
13
+8%
homes sold
78
-16%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1975, Building area total: 15,080, Levels: Two, 2 stories, 4 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Biking, Fishing, Golf, Park, Sidewalks, WaterSports
Expenses
Electric expense: $30,000, Fuel expense: $3,260, Insurance expense: $16,250, Operating expense: $275,910, Trash expense: $3,000, Water sewer expense: $3,276
Garage
20 spaces
Income
Gross income: $738,157, Net operating income: $462,248
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.
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