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Apartments Condo For Sale • 565 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit 205 | Flex | 565 SF | $749,000 USD | |
DescriptionThis sale includes the real estate and the established short-term, mid-term rental business, operating on Airbnb, with all designer furnishings included. 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, with an established track record 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. Sale NotesReal estate, Business and inventory for sale in Prime Newport Beach |
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This sale includes the real estate and the established short-term rental business, operating at the elite Airbnb Superhost level, with all designer furnishings included. 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.
| Business plus real estate |
| Cap Rate: | 5.46 % |
| Total Expenses: | $1,029 USD |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| John Wayne/Orange County | 10 min | - | 5.8 mi |
| Long Beach (Daugherty Field) | 32 min | - | 23.5 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Type: | OneCarGarage |
| Included in Rent: | Yes |
Soheil Naimi
REeBroker Group
Soheil Naimi
REeBroker Group
