626 Clubhouse, Newport Beach, CA 92663

$16,995,000

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List Price
$16,995,000
Status
ACTIVE
MLS#
OC26155362
Year Built
1945
Lot Size
7,850
Acres
0.18
Lot Location
Cul-De-Sac
Days on Market
7
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels
Neighborhood
Lido Peninsula (Lipn)

Property Description

Rare waterfront investment opportunity in Newport Beach’s highly desirable Lido Peninsula. The property consists of four buildings totaling 10 units across three APNs: APN 423-083-12 (4 units), APN 423-083-11 (4 units), and APN 423-083-10 (2 units). Ideally positioned along the water with abundant natural light and premier bayfront views, this unique offering presents an exceptional opportunity for investors and developers to acquire a well-located multifamily asset with significant upside potential through strategic repositioning and enhancement of the existing units, while capitalizing on the strong demand for waterfront living in one of Southern California’s most sought-after coastal communities. The property also features a 50-foot dock, adding to the unique waterfront appeal of this rare Newport Beach offering. Do Not Visit Property Without Appointment - Contact Listing Office. Property is Tenant Occupied; Do Not Disturb Occupants

Additional Information

Appliances
Refrigerator
Pool Description
None
Fireplace Description
Living Room, See Remarks
Heat
Central, See Remarks
Cooling
Yes
Cooling Description
Central Air, See Remarks
View
Bay, Water
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
10

Listing courtesy of Listing Agent: Joshua Altman (Josh@TheAltmanBrothers.com) from Listing Office: Douglas Elliman of California.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.