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Address
1544 Placentia Avenue Newport Beach, CA
Price
$ 11,500,000
Property Attributes
  • MLS#OC18141334
  • TypePending
  • CountyORANGE
  • CityNewport Beach
  • AreaWest Newport - Lido
  • NeighborhoodOther
  • Zip92663
  • Style
  • Price$ 11,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage20823
  • Lot Size0.88 Acres
Listing Provided Courtesy Of:
Tyler Leeson with Marcus & Millichap RE Invest.
Property Description

Newport Seaside Apartments is a 25-unit multifamily investment property located in Newport Beach, one of the premiere coastal housing markets in Southern California. Built in 1987, Newport Seaside Apartments offers investors the opportunity to capitalize on the unique characteristics of Newport Beach to increase rental income by approximately 76 percent. Situated on a 0.82-acre lot, the 20,823 square foot property consists of two-bedroom and three-bedroom floor plans averaging over 830 square feet. Newport Seaside Apartments offers an attractive of amenities including on-site laundry, carport parking, balconies, and a playground.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
6/13/2018 Listed $11,500,000

General Features

Attached Structure Detached
Community Features Sidewalks
Directions Cross Streets: W 16th St / Superior Avenue
HOA Fee 0.00
Levels Two
Listing Agent Tyler Leeson - BRE#01451551
Listing Agent State License 01451551
MLS Area N8 - West Newport - Lido
Number of Units Leased 25
Price Per Square Foot 552.27
Special Listing Conditions Standard
Subdivision Other (OTHR)
Subdivision Name THE FIRST ADD TO THE NEWPORT MESA TRACT
Total Units 25
Zoning R3

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls No Common Walls
Heating Central Furnace
Heating Y/N Yes
Laundry Features Community
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 20823.00
Carport Spaces 25.00
Garage Spaces 0.00
Lot Features Landscaped
Lot Size Source Assessor
Lot Size Square Feet 38333.00
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 25
Number of Separate Gas Meters 25
Pool Features None
Sewer Public Sewer
Total Parking 25.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92663

Price
AVG $2.77M
$11.5M
Visits
AVG 126
276
Year Built
AVG 1968
1987
Walkscore
AVG 56
76

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