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Distressed Income Properties for Sale, Over $10,000,000

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Over $10,000,000
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$12,995,000
 

1628 Oceanfront, Newport Beach

13 Beds, 11 Baths,
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Unique opportunity to own a fully renovated 11 unit oceanfront vacation rental property that feels like a first class boutique hotel. Welcome to 1628 West Oceanfront, with nine highly sought-after short-term rental permits make it easy to experience investment returns with a projected 4.3% cap rate, create a personal residential compound, or live in one unit and rent the rest. Located on the Balboa Peninsula between the Newport and Balboa
Tara Mcnabb Compass
New
$10,000,000
 

887 15th Street, Newport Beach

2 Beds, 2 Baths,
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887 West 15th Street is a 16-unit multifamily investment property in an unparalleled Newport Beach location. Built in 1989, 887 West 15th Street features 16, spacious two-bed/ two-bath apartment homes, each with a private patio or balcony, an individual water heater, and central heating. The property offers amenities including covered and surface parking, storage units, and an on-site laundry facility. With 5 renovated units, 3 partially
Tyler Leeson Marcus & Millichap RE Invest
New
$11,695,000
 

4005 Seashore, Newport Beach

8 Beds, 5 Baths,
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Featuring TWO highly coveted SHORT TERM RENTAL PERMITS, this oceanfront duplex in Newport Beach offers exceptional income opportunities on the coast of Southern California. Located directly on the beach with no boardwalk between the property and the sand, the two-story design welcomes stunning ocean, beach and shoreline views from both levels. The lower-level residence features three bedrooms and 2 baths, while the second-floor unit boasts five
Tara Mcnabb Compass
$12,000,000
 

283 Avocado Street, Costa Mesa

6 Beds, 5 Baths,
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Legitimate turnkey multifamily investment property offering a range of one-, two-, and three-bedroom loft-style floor plans. Substantial investment was made in 2023 and 2024, with over $1.7M in interior and exterior capital improvements. 100% of the interiors are fully renovated, including all new appliances, cabinets/counters, new electrical panels, flooring, painting and drywall, and all new windows and doors. Common area improvements
Tyler Leeson Marcus & Millichap RE Invest
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