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Listed by Soheil Naimi • Real Estate eBroker Inc.
$ 749,000
Est. payment | /mo
5.94 Acres Lot
$ 749,000
Est. payment | /mo
5.94 Acres Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW-25247619
Year Built 1971
Lot Size 5.940 Acres
Source California Regional Multiple Listing Service (CRMLS)
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 competitive advantage for STR listings, offering a large pool, Jacuzzi, dry sauna, fitness rooms, and gated underground parking.
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 competitive advantage for STR listings, offering a large pool, Jacuzzi, dry sauna, fitness rooms, and gated underground parking.
Location
State CA
County Orange
Interior
Inclusions All furnishings
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114