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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$729,000

Est. payment - /mo

5.94 Acres Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW25247619

HOA Y/N No

Year Built 1971

Lot Size 5.940 Acres

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.

Location

State CA

County Orange

Area 699 - Not Defined

Rooms

Other Rooms Living Quarters

Interior

Inclusions All furnishings

Fireplace No

Building

Additional Building Living Quarters

Others

Tax ID 93676179

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

Nearby School & Business

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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100 Scholz #205 Newport Beach, CA 92663

Sean Beattie Jr.

Key Details

Location

Rooms

Interior

Building

Others

Nearby School & Business

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