1800-1838 Westcliff Dr - Apartments FOR SALE


Newport Beach, CA 92660- Newport Harbor
$12,600,000 USD
714-384-3266
1800-1838 Westcliff Dr, Newport Beach, CA for Sale
$12,600,000 USD
Apartments - FOR SALE
1/14
null | 2.89% Cap Rate

1800-1838 Westcliff Dr
Newport Beach, CA 92660
Newport Harbor


HIGHLIGHTS

  • Prime Newport Beach Location - Internationally Recognized Zip Code
  • Exceptional Property Configuration - Low-Density Garden-Style Complex with Private Outdoor Spaces
  • Recent Capital Improvements: New Roofs, New Electrical Panels, Renovated Courtyard Landscaping
  • Seller is Original Owner, Builder, Manager Since 1960
  • Investment Ownership Flexibility: Property Resides on 3 Separately Deeded Parcels (each with 6 units)
  • Seller Will Finance 1st Trust Deed

OVERVIEW

Nestled in Newport Beach's Dover Shores/Heights neighborhood, Westcliff Courtyard Apartments features 18 units spread across four two-story buildings on a 27,058 SF corner lot. Built in 1960, this garden-style complex offers a mix of one and two-bedroom units averaging 927 SF, with most providing private outdoor space. The property includes 18 parking spaces, on-site laundry, and a resident manager. Recent renovations include roofs, electrical systems, the courtyard, and unit interiors. The complex boasts an ideal location with easy access to beaches, shopping, and outdoor recreation. Seller will provide financing at competitive rates and is offering a cooperating fee for a buyer's agent.

FOR SALE DETAILS

PRICE

$12,600,000 USD

PRICE/SF

$1,539 USD /SF

# OF UNITS

18

PRICE/UNIT

$700,000

CAP RATE

2.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Westcliff Courtyard Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,058 SF

ZONING

-

APN/PARCEL ID

425-032-14,425-032-15,425-032-16

ASK ABOUT THIS PROPERTY

Bruce FurnissBerkadia Real Estate Advisors Inc.More Info
714-384-3266

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Bruce FurnissBerkadia Real Estate Advisors Inc.More Info
714-384-3266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.