Rarely available 6 unit 5379 sf apartment building on a desirable 9546 sf corner lot in the prime Westcliff area of Newport Beach. All 2 Bedroom/1 Bath units with 5 garages with newer doors and 1 carport. There is a 6th garage with bathroom and private entrance. All units have a fireplace, patio or balcony and are individually metered for gas and electric. There are long term tenants with low rents. At market rents the gross scheduled income is $115,000 with a gross rent multiplier of 21.3 x gross. Actual Rents are $90,780.
