4233 Dana Road, Newport Beach, CA 92663
Property · 2 recorded sales since 2017
Sold October 2019
Listing Agent: Kevin King (DRE #01158184) · Listing Office: Marcus & Millichap · Contact: 562-257-1200 · Bought with: Christine DiCarlo · Remeo Realty Corp · MLS #PW19173873 · Source: CRMLS
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 one 3-bedroom / 2-bathroom unit, two 2-bedroom / 2-bathroom units, and one 2-bedroom / 1.5-bathroom unit and consists of 4,305 rentable square feet spread throughout a 6,132 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 October 2019 sale, as reported to CRMLS.
Sale history
