Tyler Leeson
This listing was posted on RealtyWW.
$10,000,000
Home For Sale In Newport Beach, California
Price:
$10,000,000
BR/BA:
10+ BA
Location:
887 W 15th St, Newport Beach, CA
Description:
887 West 15th Street is a 16-unit multifamily investment property in an unparalleled Newport Beach location. Built in 1989, 887 West 15th Street features 16, spacious two-bed/ two-bath apartment homes, each with a private patio or balcony, an individual water heater, and central heating. The property offers amenities including covered and surface parking, storage units, and an on-site laundry facility. With 5 renovated units, 3 partially renovated units, and 2 vacancies at closing, a new owner has the unique opportunity to immediately implement their own comprehensive renovation plan, allowing for significant rental premiums over nonrenovated units. 887 West 15th Streets Newport Beach location provides residents with easy access to all that the area has to offer. The propertys ideal location provides walkable access to Carden Hall, Pacifica Christian High School, and Coastline College. Additionally, the property is situated just half-a-mile from Hoag Hospital, the top employer in the city with more than 5, 000 employees in 2023. Furthermore, residents enjoy the propertys close proximity to the beaches, restaurants, and bars on the Balboa Peninsula. 887 West 15th Street's highly desirable location and floor plans provide an investor with the ability to capture quality tenants seeking a convenient location with access to a wide variety of activities, transportation, and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at the property.For more details: https://realtyww.info/homes_newport-beach-d526642/for-sale_i71726176
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More About this Listing: Home For Sale In Newport Beach, California
Home For Sale In Newport Beach, California is a 10 Bathroom, 10+ BA, 32 Bathroom Single-Family Homes for Sale at 887 W 15th St in Newport Beach CA. Find other listings like Home For Sale In Newport Beach, California and listings near 887 W 15th St by searching Oodle Classifieds for 10 Bathroom, 10+ BA, 32 Bathroom Single-Family Homes for Sale in Newport Beach CA.
Home For Sale In Newport Beach, California is a 10 Bathroom, 10+ BA, 32 Bathroom Single-Family Homes for Sale at 887 W 15th St in Newport Beach CA. Find other listings like Home For Sale In Newport Beach, California and listings near 887 W 15th St by searching Oodle Classifieds for 10 Bathroom, 10+ BA, 32 Bathroom Single-Family Homes for Sale in Newport Beach CA.