MLS® ID: OC19118038
1550 Miramar Drive
Newport Beach, California, 92661 $3,250,000
1550 Miramar Drive is a 6-unit multifamily investment opportunity located in Newport Beach, one of the premier coastal housing markets in Southern California. Situated on a 0.11-acre lot, the 3,810 square foot property consists of one- and two-bedroom units and offers amenities including patios and balconies (select units) and garage parking. The property also underwent a complete renovation in 2018 and 2019. All of the units were renovated with new carpet and laminate flooring throughout, stainless steel appliances, ceiling fans, closets, and upgraded bathrooms. The exterior of the property was renovated with new paint and a new deck. 1550 Miramar Drive is situated in the affluent Peninsula Point neighborhood of Newport Beach. Surrounded by multi-million dollar single-family residential homes, residents enjoy walkable access to world class beaches and Newport Harbor. The property is also less than one mile from the Balboa Pier and the Balboa Island Ferry providing convenient access to Balboa Island.