Off-Market Condo in Newport Beach
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Condo -
3 -
2 -
1978 -
1441 -
1441 -
Detached Garage
Description
OFF-MARKET INVESTMENT OPPORTUNITY – NEWPORT BEACH
This is an off-market opportunity in Newport Beach. Strong comparable sales support the projected value and provide investor upside. Ideal for investors seeking a solid opportunity in this market.
DUE DILIGENCE
DEAL TERMS
Purchase Price: $750,000
Earnest Money Deposit: $20,000 (Non-Refundable)
Close of Escrow: On or before 3/6/26
Escrow & Title: Seller’s Choice
Buyer Pays All Closing Costs
Proof of Funds Required
Assignment of Contract
PROPERTY STATUS
Occupancy: Vacant
HOA: Newport Condominium Association – $595/month
DISCLOSURES
• Active litigation. HOA is currently suing an individual for trespassing on the property. Please reach out for further disclosures regarding this matter.
Submit highest and best offer to:
Jason McKinnon
First qualified buyer with EMD secures the deal.
Estimated Spread
- ARV $950,000
- Price $750,000
- Spread $200,000
