626 Clubhouse, Newport Beach, CA 92663

$16,995,000

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Listed by Joshua Altman, from Douglas Elliman of California
(If provided) CoList: Matthew J. Altman from Douglas Elliman of California, Inc.

List Price
$16,995,000
MLS#
CROC26155362
Status
ACTIVE
Lot Size
7,850
Listing Area
N8 - West Newport - Lido
Year Built
1945

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

Cooling System
Central AC, Other
Floor Covering
Other
Garage Parking
Covered Parking, Private / Exclusive, Garage, Parking Area, Uncovered Parking
Heating System
Other, Central Forced Air
Laundry Facilities
Laundry Area
Lot Description
Corners Marked
Lot Size
7,850
Neighborhood
N8 - West Newport - Lido
Other Rooms
Other
Pool Description
None
Unincorporated Yn
Yes
View
Bay View, Water

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Calculator source: Real Geeks

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