117 Via Antibes, Newport Beach, CA 92663

$6,995,000
7,398
SqFt
List Price
$6,995,000
Status
ACTIVE
MLS#
NP20216324
Year Built
1958
Living Sq. Ft
7,398
Lot Size
9,239
Acres
0.2121
Lot Location
0-1 Unit/Acre
Days on Market
12
Property Type
Multifamily
Builders Tract Code
Lido Island (LIDO)
Neighborhood
Lido Island (Lido)

Property Description

Generational opportunity to purchase a beautifully remodeled, six-unit condo complex on famed Lido Isle, the adage of location, location, location could not be more accurate when describing this one-of-a-kind investment. Sited an incredible parcel of approximately 3.5 lots and conveniently close to the areas desirable amenities of the bay, world-class dining, Lido Village, shopping and beaches coupled with access to the fabulous amenities of the community of Lido Isle. The six residences each have their own APN and the complex is comprised of four, impeccably and completely rebuilt from floor to ceiling 2-bedroom units that contain interior laundry, AC and top-quality finishes throughout plus two, 3-bedroom units. Each residence offers generous living areas, bedroom spaces, private patios plus enclosed, 2-car garages and range from 1,141 to 1,674sf. Encouraging an indoor/outdoor living environment, a gated, large interior courtyard with seating and bbq areas, welcomes residents, invites relaxation and provides a place in which to unwind and interact. Zoned RM – Residential Multifamily, the property is less than a stone’s throw from access to recreation on the bay or an easy jaunt into the Lido Village to enjoy a meal. This offering has the potential for vacation-rental income, long-term stays or even as a family compound. An added benefit is the “Lido lifestyle”. The community of Lido Isle offers tennis, sailing, beaches, clubhouse and parks as a perk of the HOA.

Additional Information

Association Amenities
Barbecue, Picnic Area, Playground, Dock, Tennis Court(s), Sport Court, Clubhouse, Banquet Facilities, Management
Lot Description
Curbs, Sidewalks, Street Lights
Appliances
Dishwasher, Freezer, Disposal, Gas Cooktop, Microwave, Refrigerator
Pool Description
None
Fireplace Description
Living Room
Heat
Forced Air
Cooling
Yes
Cooling Description
Central Air
View
None
Garage Spaces Total
12
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
6
Gross Scheduled Income
$293,340
Operating Expense
103990
Unit One Total Units
1
Unit One Beds
2
Unit One Baths
2
Unit One Garage Spaces
2.00
Unit One Actual Rent
4250.00
Unit One Total Rent
51000.00
Unit One Pro Forma
52800
Unit One Furnished
Unfurnished
Unit Two Total Units
1
Unit Two Beds
2
Unit Two Baths
2
Unit Two Garage Spaces
2.00
Unit Two Actual Rent
4000.00
Unit Two Total Rent
48000.00
Unit Two Pro Forma
52800
Unit Two Furnished
Unfurnished
Unit Three Total Units
1
Unit Three Beds
2
Unit Three Baths
2
Unit Three Garage Spaces
2.00
Unit Three Actual Rent
3995.00
Unit Three Total Rent
47940.00
Unit Three Pro Forma
52800
Unit Three Furnished
Unfurnished
Unit Four Total Units
1
Unit Four Beds
2
Unit Four Baths
2
Unit Four Garage Spaces
2.00
Unit Four Actual Rent
3850.00
Unit Four Total Rent
46200.00
Unit Four Pro Forma
52800
Unit Four Furnished
Unfurnished

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Jon Flagg from Villa Real Estate

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.