This Multifamily Property is no longer advertised on LoopNet.com.

1514 W Oceanfront
Newport Beach, CA 92663
Multifamily Property For Sale · 3 Units

Investment Highlights

  • In sits on one of the most popular beaches in Southern California and is one of only about 30 beachfront properties available for rent all year.

Property Facts

No. Units 3
Property Type
Multifamily
  • Multifamily Apartments
Lot Size 0.07 AC
Building Size 2,880 SF
Average Occupancy 87%
No. Stories 2
Year Built/Renovated 1957/2019
Parking Ratio 1.04/1,000 SF
Zoning MF - Zoning is compatible with Short Term Lodging and the property comes with 3 Short Term Lodging Permits which are very rare in Newport Beach.

Amenities

Unit Amenities

  • Balcony
  • Fireplace
  • Ceiling Fans
  • Kitchen
  • Ice Maker
  • Views
  • Wi-Fi
  • Deck
  • Family Room
  • Greenhouse

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Waterfront
  • Furnished Units Available
  • Maid Service
  • Trash Pickup - Curbside
  • Walking/Biking Trails
  • Wi-Fi
  • Bicycle Storage
  • Community-Wide WiFi

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 3 $524.00 900 - 1,000

Property Taxes

Property Taxes

Parcel Number
047-211-20
Land Assessment
$5,845,133
Improvements Assessment
$644,046
Total Assessment
$6,489,179
  • Listing ID: 22669724

  • Date on Market: 4/7/2021

  • Last Updated:

  • Address: 1514 W Oceanfront, Newport Beach, CA 92663

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