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117 Via Antibes

Newport Beach, CA 92663 View Map $6,550,000 Ask a Question
Sq.Ft. Lot9,239
Year1958
117 Via Antibes Newport Beach, CA 92663 | MLS NP20216324 Photo 1
117 Via Antibes Newport Beach, CA 92663 | MLS NP20216324 Map
Jon Flagg

Jon Flagg

(949) 533-7878
DRE No.: 01316048

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Status: Sold
Property Type:Residential Income (Multi-Family)
MLS #:NP20216324
Date Sold:1/15/2021
Lot Size:9,239 Sq. Ft.
County:Orange

Listing Agent/Office

Agent:Jon Flagg
Office:Villa Real Estate
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 approx 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.

Detailed Maps

Community Information

Address:117 Via Antibes Newport Beach, CA 92663
Area:N8 - West Newport - Lido
County:Orange
City:Newport Beach
Subdivision:Lido Island (Lido)
Zip Code:92663

Architecture

Year Built:1958
Number of Buildings: 1
Total Units: 6
Unit 1: 1 Unit•2 Beds•2 Baths•Unfurnished•$4,250 actual rent•$51,000 total rent•$52,800 pro forma
Unit 2: 1 Unit•2 Beds•2 Baths•Unfurnished•$4,000 actual rent•$48,000 total rent•$52,800 pro forma
Unit 3: 1 Unit•2 Beds•2 Baths•Unfurnished•$3,995 actual rent•$47,940 total rent•$52,800 pro forma
Unit 4: 1 Unit•2 Beds•2 Baths•Unfurnished•$3,850 actual rent•$46,200 total rent•$52,800 pro forma
Unit 5: 1 Unit•2 Beds•2 Baths•Unfurnished•$4,000 actual rent•$48,000 total rent•$54,000 pro forma
Unit 6: 1 Unit•3 Beds•3 Baths•Unfurnished•$5,000 actual rent•$60,000 total rent•$66,000 pro forma
Garage Spaces: 12.0
Parking Total: 12.0

Features / Amenities

Interior Features: Ceiling Fan(s), Cathedral Ceilings
Appliances: Dishwasher, Freezer, Gas Cooktop, Disposal, Microwave, Refrigerator
Fireplace Features: Living Room
Flooring: Laminate
Laundry: Common Area, Laundry Room
Common Walls: 2+ Common Walls
Cooling: Central Air
Heating: Forced Air

Rooms

Master Bedroom
Living Room
Laundry
Kitchen
Entry/Foyer

Property Features

Lot Size: 0.21 Acres / 9,239 Sq. Ft.
Lot Features: Item01UnitAcre
Waterfront: Beach Access, Navigable Water, Ocean Side Of Freeway, Ocean Side Of Highway
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Sewer: Public Sewer
Water: Public
Directions:Via Lido to Via Lido Soud, right to Via Barcelona, left to Via Lido Nord, left to Via Antibes left

Tax and Financial Info

Buyer Financing: Cash
Cap Rate: 2.81
Gross Scheduled Income: $301,140
Net Operating Income: $197,150
Electric Expense: $300
Fuel Expense: $360
Gardener Expense: $3,000
Insurance Expense: $4,830
New Taxes Expense: $72,900
Water/Sewer Expense: $1,800
Other Expense: $3,200
Op
Disclosures: Covenants/Restrictions Disclosure, HOA Disclosure
Association Amenities: Boat Dock, Clubhouse, Sport Court, Management, Meeting/Banquet/Party Room, Barbecue, Picnic Area, Playground, Tennis Court(s)

Schools

WALKING AND TRANSPORTATION

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Listing agent / office Jon Flagg, Villa Real Estate.
Based on information from California Regional Multiple Listing Service, Inc. as of October 5, 2022. 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. IDX provided by Sierra Interactive.