Off-Market Condo in Newport Beach

• 3 Beds / 2 Baths • 1,441 SqFt
Offer Submission Deadline
  • 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

Comparable Sales:

Tax Records:

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

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