$729,000
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.
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Listed by Soheil Naimi with Real Estate eBroker Inc. (760) 722-3222
Property Type
Business Opportunity
Status
Active
MLS Number
DW25247619
Year Built
1971
Lot Size
5.94 acres