Sold
471 Old Newport Boulevard
Newport Beach CA, 92663
$6,200,000
$547.46 per sqft
Sold
11,325 sqft
Commercial
Built in 1985
Listed by Timothy Carr with Villa Real Estate 949-631-9999
We are pleased to present the opportunity to purchase 471 Old Newport Blvd. Ideally located in Newport Beach, CA this 3 story Class B low rise office building is perfect for an investor looking for a trophy asset or for an owner user who wishes to occupy a portion of the building while generating income from the other tenants. 471 Old Newport Blvd has existing in place rents that are more than 50% below current market on short terms leases offering an investor immense possibilities. This asset offers tremendous upside as a new multi-tenant office project or occupancy by a single tenant/owner user. The irreplaceable location offers close proximity to Hoag Hospital, Fashion Island, Pacific Coast Highway, and all the amenities 17th Street has to offer.
NP21198106
MLSⓇ ID
March 18, 2024
Updated
Map
471 Old Newport Boulevard
Newport Beach CA, 92663
Interior Features
Total Stories
2
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.38 Acres
Lot Features
Landscaped, Near Park
Other Property Details
Area Name
N6 - Newport Heights
Days on Market
54
Garage
No
Parking Total
40
View
No
County
Orange
Water Source
Public
Pool
No
Listing Contact: 949-717-6000
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/18/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/18/2024 at 6:36 PM UTC