Newport Beach, CA 92663

Investment notes

This opportunity in Newport Beach, CA is offered at an asking price of $2,350,000 as shown on the card. After repair value (ARV) is shown as about $2,700,000, which implies a gross spread of roughly 13.0 percent off ARV if you use the list price and this ARV as-is. Treat that as a first-pass screen, not a comp confirmation. The property is described with 2 bedrooms, 2 bathrooms, 800 square feet. Tour or pull rent rolls if the asset is occupied so your rehab scope and lease assumptions match the real layout. Rehab is tagged as “moderate.” In practice, you should open walls and verify every major system, because tags rarely capture the full story on a wholesale lead. Occupancy is noted as “Vacant.” If anyone is in place, schedule access carefully, align showings with local rules, and underwrite for rental income or a formal vacancy path before you take assignment. The list is marked Multifamily—use that to frame exit math (flip spread, fee for wholesale, or long-term DSCR if the plan is a rental hold). The structure is represented around 1947; older vintages can hide lead, cast iron, and foundation work—budget a contingency. Contact runs through a marketplace inquiry path here—use it as your first line while you comp the deal on your own. Verify ARV, repair scope, access, and title with your own people before you rely on any line in this write-up. Nothing here is a guarantee of value or condition.