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    1907 Chubasco Dr Newport Beach, CA 92625
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    Property profile & analytics

    1907 Chubasco Dr Newport Beach, CA 92625

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    • Residential income homes
    • 2,591 SF
    Off-Market
    Property ID
    US09-0165944
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1907 Chubasco Dr

    Year built
    2007
    Property size
    2,591 SF
    Property type
    Residential income homes

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newport Beach
    County
    Orange
    State
    California
    Longitude
    -117.8791001983
    Latitude
    33.607373532197

    Comparable in this City

    • $450,000
      1,226 SF

      Newport Beach Boutique Opportunity

      Established women's boutique in upscale Newport Beach shopping center.
      Newport Coast Dr, Newport Beach, CA 92625
      View Details
    • New
      $9,950,000
      35,700.00 Acres

      Irvine Terrace Land Development Opportunity

      Large lot with permitted plans for a contemporary architectural design.
      525 El Paseo Dr, Corona del Mar, CA 92625
      View Details
    • $9,500,000
      4,878.00 Acres

      Ocean Boulevard Vacant Land Parcel

      Rare 4,878 sq ft vacant parcel on Ocean Boulevard.
      3514 Ocean Blvd, Corona del Mar, CA 92625
      View Details

    Similar Nearby for Sale

    • $450,000
      1,226 SF

      Newport Beach Boutique Opportunity

      Established women's boutique in upscale Newport Beach shopping center.
      Newport Coast Dr, Newport Beach, CA 92625
      View Details
    • New
      $9,950,000
      35,700.00 Acres

      Irvine Terrace Land Development Opportunity

      Large lot with permitted plans for a contemporary architectural design.
      525 El Paseo Dr, Corona del Mar, CA 92625
      View Details
    • $9,500,000
      4,878.00 Acres

      Ocean Boulevard Vacant Land Parcel

      Rare 4,878 sq ft vacant parcel on Ocean Boulevard.
      3514 Ocean Blvd, Corona del Mar, CA 92625
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Upgraded Office Space Available

      Recently upgraded office spaces with on-site parking and private restrooms.
      436 Heliotrope Ave, Corona del Mar, CA 92625
      View Details
    • $5 SF/Yr

      Retail Space in Prime Location

      Highly improved retail space with day spa build-out.
      3028 E Coast Hwy, Corona del Mar, CA 92625
      View Details
    • Contact for pricing
      797 SF

      Retail Space Near Corona Beach

      Retail space with high ceilings and large window frontage.
      3533 East Coast Hwy, Newport Beach, CA 92625
      View Details
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    Newport Beach, CA 92625
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1907 Chubasco Dr, Newport Beach, CA, 92625
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