UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25085916
HOA Y/N No
Year Built 1980
Lot Size 7,840 Sqft
Lot Dimensions Public Records
Property Sub-Type Office
Property Description
Alternatively, the two parcels may be purchased individually at $2,500,000 and $2,460,000, respectively, subject to land lease.
There is an opportunity to acquire the adjacent parcel for an additional $2.7 million, bringing the total purchase price to $5.3 million for both parcels comprising this exceptional Newport Beach office property. This combined acquisition offers a rare chance to own the entire building, maximizing functionality, value, and long-term potential in one of Southern California's most prestigious business locations.
This is a leasehold; the land lease per month is $9,061 for this parcel, with an annual increase of 1% expiring in 2036, with extension options available.
Location
State CA
County Orange
Area 699 - Not Defined
Zoning CO-G
Interior
Heating Central
Cooling Central Air
Inclusions All furniture and appliances
Fireplace No
Appliance Dryer, Washer
Laundry Washer Hookup, Laundry Closet
Exterior
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Other, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Waterfront Description Ocean Side Of Freeway,Ocean Side Of Highway
Present Use Commercial
Total Parking Spaces 20
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 42723122
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Virtual Tour https://www.wellcomemat.com/video/54fb37c8a4fa1m3of/OC25085916/

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