Property listed by Real Estate eBroker Inc., Soheil Naimi 949-424-7283
$729,000
Step into a high-performing, established business asset in the heart of Newport Beach. This newly remodeled condo isn't just a luxury residence; it’s a fully operational Short-Term Rental (Mid Term) business ready for a seamless "Day 1" handover.
This acquisition includes the property, established business, all high-end furnishings, and personal property.
•… Read More Performance: Consistently generates an average income of $4,500/month with near-zero vacancy year-round.
• Boasts an Airbnb Superhost
Resort-Style Amenities
The community draws by offering a secure, high-end environment that includes:
• Large swimming pool, Jacuzzi, and dry sauna.
• Modern fitness room and clubhouse.
• Gated underground parking with elevator access.
Premier Coastal Location
• Beach & Recreation: Just a short stroll to world-class surfing, the peninsula's sandy beaches, and aquatic sports.
• Located directly next to Hoag Hospital, providing a consistent draw for traveling medical professionals and high rental demand.
• Minutes from the upscale boutiques, Dining, Culture, and Entertainment
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Turnkey & Managed: To ensure your success, the seller is offering to continue managing the Airbnb business post-sale. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Condominium
Lot Size
5.94 Acres
Year Built
1971
MLS Number
DW26084507
Additional Details
Building
Built in 1971, 4 buildings, 3 stories, Entry level: 2, Entry location: Lobby
Community
Park, Sidewalks
Cooling
WallWindowUnits
Expenses
Electric: $1,200, Insurance: $780, Operating: $8,580, Other Expense: $550
Fireplaces
LivingRoom
Garage
1 spaces
Heating
Electric
Home Owner's Association
Association Fee: $550
Income
Gross Income: $54,000, Gross ScheduledIncome: $54,000, Net Operating Income: $45,420
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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