Residential Income Property with
New
For Sale
$565,000
142 Liberty, Newport Beach, CA 92660
An open living, dining, and kitchen arrangement connects to a private outdoor entertaining area.
Property Size1,300 SF
Price / SF$434.62
Days on Market1
Property Features for 142 Liberty
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Amenities
pool
spa
clubhouse
fitness center
private sandy beach
fire pits
dog park
marina walking paths
Listing Agency:
Coldwell Banker Realty
(949) 644-1600
Listed By:
Kent Martin · License #01873148
(949) 566-3224
Source:
Tfregroup
Added: Sep 24
Last Checked: Sep 24 at 2:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1,300-square-foot residence has two bedrooms and an open-plan living, dining, and kitchen area. Automatic skylights and windows bring daylight into the interior, while a stone fireplace serves as a focal point. The kitchen includes granite counters, storage, and a center island. The primary bedroom has an ensuite bathroom with a soaking tub and separate walk-in shower; the second bedroom opens to the patio. A tiled private patio features a built-in barbecue and fountain.
Bayside Village, situated along Newport Beach’s Back Bay, includes two pools and spas, clubhouses, fitness facilities, a private sandy beach with fire pits, a dog park, and marina walking paths. Balboa Island, Fashion Island, Lido Marina Village, beaches, and dining are described as minutes away.
Bayside Village, situated along Newport Beach’s Back Bay, includes two pools and spas, clubhouses, fitness facilities, a private sandy beach with fire pits, a dog park, and marina walking paths. Balboa Island, Fashion Island, Lido Marina Village, beaches, and dining are described as minutes away.
Key Highlights
- 1,300‑square‑foot residence with two bedrooms
- Private tiled patio with built‑in BBQ and cascading fountain
- Open living, dining, and kitchen layout with a center island
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,813
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$496,260
$496.3K
Cap Rate 7%
$354,471
$354.5K
Cap Rate 9%
$275,700
$275.7K
Market Conditions
NOI Build-Up for 1,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.8K $36.00/SF
− Vacancy
−$1.7K −$1.30/SF
EGI
$45.1K $34.70/SF
− OpEx
−$20.3K −$15.62/SF
NOI
$24.8K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$496,260
Cap Rate 7%
$354,471
Cap Rate 9%
$275,700
Alternative Uses
Best Use
Apartment 5plus
$354.5K
$310.2K – $413.6K
NOI $24,813 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$436.6K
$382.1K – $509.4K
NOI $30,565 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
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Business Placement
Demographics for 92660, CA
36,259
Population
17,144
Households
2.1
Avg Household Size
46
Median Age
70%
College-Educated
98%
High-School Grad
9.6 sq mi
ZIP Area
3,777
Density / Sq Mi
$154,035
Median Household Income
$91,054
Median Earnings
$3,349
Median Rent
$2,000,001
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An open living, dining, and kitchen arrangement connects to a private outdoor entertaining area.
Where is this residential income property located?
The property is located at 142 Liberty Newport Beach, CA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 1,300‑square‑foot residence with two bedrooms; Private tiled patio with built‑in BBQ and cascading fountain; Open living, dining, and kitchen layout with a center island
