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25700665
25700666

506 Clubhouse Avenue, Newport Beach, CA 92663

TK
CA 01406277
BAC Real Estate Group, Inc.
Listed by BAC Real Estate Group, Inc.
$7,649,900
141 days on market
Updated 69 days ago

506 Clubhouse Avenue

Details
APN 42310108
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,760
Net Rentable (SqFt) 4,760
Units 2
Cap Rate 4.25%
NOI $325,000
Year Built 2023
Buildings 1
Stories 3
Acreage 0.093
Zoning Builder
Parking Spaces 4 spaces
Parking Per SqFt 0.84
Investment Type Stabilized
Ground Lease No
Sale Condition For sale by owner

Multifamily | 4.25% CAP | 2 Units

Marketing description

Welcome to 506 Clubhouse Avenue, a stunning modern coastal duplex nestled in the heart of Newport Beachs highly sought-after Lido Marina Village. Completed in late 2023, this nearly new residence blends refined elegance with the ease of coastal livingoffering not only a sophisticated lifestyle, but also a rare and valuable investment opportunity, with Unit A boasting a coveted short-term rental permit. Each residence has been meticulously designed with high-end finishes, en-suite bathrooms, cozy fireplaces, and expansive sliding glass doors that open to private balconies off the primary suites and living areascreating seamless indoor-outdoor living. Offering nearly 2,400 square feet per unit across three thoughtfully designed levels, both residences feature five spacious bedrooms and five-and-a-half luxurious bathrooms, offering an ideal balance of comfort and versatility. Entertain with ease on the sun-drenched rooftop decks, perfectly positioned with both East and West exposures to capture spectacular ocean breezes and coastal sunsets. Whether you choose to live in one unit and lease the other, or maximize rental potential by leasing both, this property offers outstanding flexibility and income-producing potential. Enjoy the best of Newport Beach just moments awaywalk from marina to ocean, enjoy upscale shopping and dining in Lido Marina Village, or the vibrant coastal charm and amusement at Balboa Pier and Balboa Fun Zone all without getting in your car. Additional features include central air and heating, private laundry and a two-car tandem garage in each unit. Whether

Investment highlights

  • Newly built duplex on Balboa Peninsula

  • Great rental history with NB short term rental permit

  • Live in one and rent the other

  • Steps to the ocean, marina and Lido Marina Village

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Listing Contacts

TK
CA 01406277
BAC Real Estate Group, Inc.
Listed by BAC Real Estate Group, Inc.

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$325,000.00
$27,083.33/mo

Valuation Metrics

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DSCR
4.25%
Cap Rate
4.25%
ROI

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