4228 Hilaria Way, Newport Beach, CA 92663

About this property

We are pleased to present a charming 4-unit multi-family property located in Newport Beach, CA. The newly renovated subject property contains three 2-bedroom / 2-bathroom units, and one 2-bedroom / 1.5-bathroom unit and consists of 4,195 rentable square feet spread throughout a 5,800 square foot lot. This property is stabilized with solid rents but has upside with top of the line furnishes. Owners enjoy the high demand for rentals in a coastal city of Southern California, while tenants enjoy living a short distance to local beaches, shopping, restaurants and nightlife in Newport Beach, Lido Isle, and Downtown Costa Mesa.
 Newport Beach is a highly sought after rental market. With a limited rental stock and great demographics. The average household income in Newport Beach is currently $119,379 and even with an average income roughly 40% higher than the Orange County average, renting is still more affordable than buying a home in Newport Beach where the median property value is $1.7 million.

Listing description from the September 2019 sale, as reported to CRMLS.

Sale history

$2,200,000

Sold September 2019 · listed $2,350,000, on market July 2019 · MLS #PW19173746 · Source: CRMLS

Listing Agent: Kevin King · Listing Office: Marcus & Millichap · Contact: 562-257-1200 · Bought with: General NONMEMBER · CRMLS

$1,535,000

Sold May 2017 · listed $1,650,000, on market March 2017 · MLS #PW17062849 · Source: CRMLS

Listing Agent: Robert Claus · Listing Office: Claus Realty Advisors · Contact: 714-838-8559 · Bought with: Dennis Claus · Claus Realty Advisors

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