1419 Superior Ave, Newport Beach, CA 92663-2723
- Commercial real estate
- 0.31 lot acres
Current Use by Public Records
- Beautiful Smiles / Dental Office
- Pegasus Physical Therapy / Medical Clinic
- Rafael A. Penunuri, M.D. / Pediatrician / Physician
- William Roy Morgan, MD - Cosmetic Surgery / Medical Clinic / Hospital
- American Society of Cosmetic Breast Surgery / Medical Clinic / Hospital
Property Details for 1419 Superior Ave
- Lot size
- 0.31 lot acres
- Property type
- Commercial real estate
- APN
- 424-021-32
- APU
- 42402132
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 13, 2025 | $5,000,000 | Superior Newport Holdings LLC | Equity Enterprises Ltd | Grant Deed | $2.6M · Harvest Small Business Finance LLC |
| Mar 13, 2025 | — | Payam Farjoodi M D INC | Superior Newport Holdings LLC | Deed | $1.8M · Business Finance Capital |
Description
This exceptional 8,935 square foot, two-story Class B medical office building in Newport Beach, California presents a unique owner-user opportunity. Located on a 0.74-acre lot with 50 parking spaces, the property boasts a prime location across from Hoag Newport Beach, a top-ranked hospital. Currently 62% occupied by six tenants, this multi-tenant building offers immediate occupancy potential for an owner-user, with 3,394 square feet available. The asking price is $5,750,000, translating to $643.54 per square foot. Built in 1957, this value-add investment benefits from strong market fundamentals, including a high concentration of residents aged 50 and older in Newport Beach, indicating sustained medical demand. The property's proximity to Hoag Hospital, along with nearby retail and lifestyle amenities, enhances its appeal. Newport Beach's affluent demographics, with an average household income of $230,141 and average home value of $1,861,000, further solidify this investment's potential. Limited new development in the area ensures the continued value of existing properties. This is a generational opportunity to acquire a coastal medical office building in a highly desirable location with significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,630,000
- ML approach
- $5,510,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Newport Beach
- County
- Orange
- State
- California
- Longitude
- -117.934
- Latitude
- 33.6262
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
