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100 Scholz Plz - Newport 205 at Versailles 565 SF Flex Condo Unit Offered at $749,000 in Newport Beach, CA 92663
INVESTMENT HIGHLIGHTS
- Business plus real estate
EXECUTIVE SUMMARY
This sale includes the real estate and the established short-term rental business, operating at the elite Airbnb Superhost level, with all designer furnishings included. 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.
PROPERTY FACTS
| Total Building Size | 565 SF | Floors | 3 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 188 SF |
| Property Subtype | Apartment | Year Built | 1971 |
| Building Class | B |
| Total Building Size | 565 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 188 SF |
| Year Built | 1971 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
- Tile Floors
- Oven
- Range
- Tub/Shower
- Grill
- Handrails
- Trash Compactor
- Quartz Countertops
1 UNIT AVAILABLE
Unit 205
| Unit Size | 565 SF | Cap Rate | 5.46% |
| Price | $749,000 | NOI | $40,895.40 |
| Price Per SF | $1,325.66 | No. Parking Spaces | 1 |
| Condo Use | Flex | APN/Parcel ID | 936-761-79 |
| Sale Type | Investment or Owner User |
| Unit Size | 565 SF |
| Price | $749,000 |
| Price Per SF | $1,325.66 |
| Condo Use | Flex |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.46% |
| NOI | $40,895.40 |
| No. Parking Spaces | 1 |
| APN/Parcel ID | 936-761-79 |
DESCRIPTION
This sale includes the real estate and the established short-term, mid-term rental business, operating on Airbnb, with all designer furnishings included.
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, with an established track record 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.
SALE NOTES
Real estate, Business and inventory for sale in Prime Newport Beach
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100 Scholz Plz - Newport 205 at Versailles
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