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Listed by Soheil Naimi • Real Estate eBroker Inc.
$ 749,000
Est. payment | /mo
258,727 SqFt
$ 749,000
Est. payment | /mo
258,727 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 258,727 sqft
Price per Sqft $2
MLS Listing ID CRDW25247619
HOA Y/N No
Year Built 1971
Lot Size 5.940 Acres
Property Sub-Type Business
Source Datashare California Regional
Property Description
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** 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 compet
Location
State CA
County Orange
Interior
Fireplace No
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745