Est. cap rate

0.9%

Assumed rent, all units

$9,900/mo

Units

3

Price per unit

$2,200,000

Est. annual NOI

$59,400

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

2,500 sqft

Lot size

3,049 sqft

Year built

1947

Stories

3

Garage spaces

0

Pool

None

View

Coastline,Ocean,White Water,Water,Panoramic

Status

Active

Days on market

27

MLS #

239990360

About this property

Oceanfront living is a dream that only a fortunate few ever get to call everyday life—now is your chance to make it your reality. This rare Newport Beach Boardwalk tri-plex sits on an oversized oceanfront lot and offers exceptional flexibility and future potential. Three units are move-in ready if you are going to rent out, with eight bedrooms and four bathrooms, giving you options: live in the front home and enjoy panoramic ocean views while collecting income from the rear units, explore short-term rental possibilities, or create the ultimate beach compound for your extended group. Use it as-is today and plan your future custom-built home; this property is an Incredible canvas for a dream home or legacy estate. Oceanfront lots of this size in this location are a limited commodity, with constant demand and endless opportunity for those ready to live their dream with an Oceanfront view.

Location

1408 W Oceanfront

Newport Beach, Orange, CA, 92661