Orange, Residential Income – 20102 SW Birch St, Newport Beach, CA 92660, USA -001-11-30T00:00:00-08:00
“The Landing” is a prime Orange County apartment community that offers an investor an opportunity to purchase a legacy investment. This well maintained asset not only has an “A” location, but a well balanced unit mix of one and two bedrooms (many with two fu
20102 SW Birch St, Newport Beach, CA 92660, USA
$18,999,000 USD
Pictures
Map
Object Images
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Contact us
Schedule Tour
Address20102 Sw birch Street, Newport Beach
Price$18,999,000
Year Built1971
Bedrooms Total0
Living Area44,836 ft2
Lot Size (Sq.Ft.)77,972
Listing IDOC17227083
StatusActive
Parcel Number43935225
Special ConditionsStandard
Days on Market19

Detailed Description: “The Landing” is a prime Orange County apartment community that offers an investor an opportunity to purchase a legacy investment. This well maintained asset not only has an “A” location, but a well balanced unit mix of one and two bedrooms (many with two full baths), upgraded interiors, private yards and balconies, fitness room and a beautiful courtyard featuring a large swimming pool. Laundry is on site. An opportunity to increase the income exists as well through minimal upgrades.

Association
Laundry
Parking
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

Property added to favorites
Add to Favorite
Mortgage calculator
More Information
Loan
Mortgage
Expert
Loan amount
Loan term
Annual interest rate
First payment date
Amortization period
Calculate
Hide
Address Information
Address20102 Sw birch Street, Newport Beach
Street SuffixStreet
Subdivision NameOther (OTHR)
CityNewport Beach
Location (MLS Area)N7 – West Bay – Santa Ana Heights
County Or ParishOrange
CountryUS
Financial Information
Price per Square Foot$423.74
Price per Lot Square Foot$243.66
Tenant PaysCable TV, Electricity, Gas, Water
Special ConditionsStandard
Total Expenses$465,824
Professional Management Expense$93,426
Operating Expense$465,824
Insurance Expense$8,688
Pool Expense$10,025
Electric Expense$7,500
Water Sewer Expense$36,497
Trash Expense$10,000
Maintenance Expense$58,391
Supplies Expense$12,000
Other Expense DescriptionMisc.
Other Expense$20,864
Gross Operating Income$1,167,328
Gross Income$69,756
Gross Scheduled Income$1,203,936
Net Operating Income$701,994
Vacancy Allowance$36,118
Laundry Income$11,292
Other Income DescriptionRUBS and Mics.
Other Income 1$49,848
Other Income 2$8,616
Tax Year2017
Tax Lot439
New Taxes Expense$208,433
Full Descriptions
Parcel Number43935225
Detailed Description“The Landing” is a prime Orange County apartment community that offers an investor an opportunity to purchase a legacy investment. This well maintained asset not only has an “A” location, but a well balanced unit mix of one and two bedrooms (many with two full baths), upgraded interiors, private yards and balconies, fitness room and a beautiful courtyard featuring a large swimming pool. Laundry is on site. An opportunity to increase the income exists as well through minimal upgrades.
Lot Features26-30 Units / Acre
Community FeaturesCurbs
Flooring DescriptionLaminate, Vinyl
Water SourcePublic
Laundry FeaturesCommunity
Heating DescriptionWall Heater
Parking FeaturesAssigned
Sewer DescriptionSewer Paid
Common Walls Description2
Pool FeaturesCommunity Pool
Property parameters
Year Built1971
Living Area (Sq.Ft.)44,836 ft2
Lot Size (Sq.Ft.)77,972
Lot Size SourceAssessor
Number of Buildings4
Number of Units Total52
Stories Total2
Parking Spaces87
Uncovered Spaces35
LevelsTwo
Carport Spaces52
Water SourcePublic
Units Total52
Year Built SourceAssessor
Laundry EquipmentLease
Vacancy Allowance Rate3%
Number of Separate Electric Meters52
Number of Separate Gas Meters52
Number of Separate Water Meters52
Listed withMike Marcu (Mike Marcu, Broker)