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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$729,000

Est. payment - /mo

5.94 Acres Lot

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Key Details

Property Type Single Family Home, Condo

Sub Type Condominium

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID DW26084507

HOA Fees $550

HOA Y/N Yes

Year Built 1971

Lot Size 5.940 Acres

Property Sub-Type Condominium

Property Description

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.
• 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.

Location

State CA

County Orange

Area 699 - Not Defined

Interior

Heating Electric

Cooling Wall/Window Unit(s)

Fireplaces Type Living Room

Inclusions All furnishings

Fireplace Yes

Laundry Inside

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool Association

Community Features Park, Sidewalks

Total Parking Spaces 2

Private Pool No

Building

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 93676179

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA

Listing Terms Cash, Cash to New Loan, Conventional, FHA

Special Listing Condition Standard

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Listed by Soheil Naimi Real Estate eBroker Inc. 949-424-7283, DRE #01926620

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100 Scholz #205 Newport Beach, CA 92663