1907 Chubasco Dr Newport Beach, CA 92625

This exceptional Class A, single-story multifamily investment opportunity in Newport Beach, California, presents a portfolio of single-family rentals totaling 25,000 square feet of net rentable space. Situated on an expansive 8,841 square foot lot at 1907 Chubasco Dr, 92625, this property boasts a prime location in the desirable Corona Del Mar neighborhood, minutes from Fashion Island, Corona Del Mar beach, and Balboa Island. Originally built in 2007 and extensively renovated in 2024, the property features high-end finishes including custom cabinetry, quartz and granite countertops, stainless steel appliances, and white oak plank hardwood flooring throughout. The open-concept design seamlessly blends indoor and outdoor living spaces, highlighted by a spacious living/family room with 12-foot ceilings and 8-foot tall French doors leading to a resort-style backyard oasis. Outdoor amenities include a private pool, waterfall, spa, and easy-to-maintain grassy turf, creating a tranquil and inviting atmosphere. This meticulously maintained property offers exceptional privacy and seamlessly blends Old World Spanish charm with modern interior finishes. The asking price is $5,495,000, and seller financing is available. This is an ideal 1031 exchange opportunity. The property consists of a single-family rental portfolio.