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Newport Beach Landlords - Multifamily Real Estate Market Update

Included below is your market update for Newport Beach multifamily real estate including, duplexes, triplexes, 4plexes and 5+ multifamily in Newport Beach. You will find all active, in escrow and closed sales from the past 3 months. If you would like more information on any of these Newport Beach Multifamily real estate listings, just click the "Request More Information" button when viewing the details of that property. We can provide you with disclosures, past sales history, dates and prices of buildings recently sold nearby, and more.

And, if you haven't already, be sure to register for a free account so that you will be the first to receive the Newport Beach Multifamily Market Update from Christian Walsh and WIRE Associates. Also, be sure to subscribe to our weekly Orange County Market Update email newsletter.

We've also included a link to view important blog posts for Newport Beach, CA landlords.

Important Information for Newport Beach Landlords

Can't Pay Rent for May???
Can't Pay Rent for May? Here is a guide for tenants and landlords when some or all of the rent for May can't be paid due to COVID-19. There have been some big changes (and some things remain the same) since our last video update a month ago. Watch now if you can't pay for May...
Can't Pay Rent for June 2020 Due to Pandemic? - Guide for Tenants and Landlords
Can't Pay Rent for June 2020 Due to Pandemic? - Guide for Tenants and Landlords There are still plenty of people who won't be able to pay some or all of the rent in June due job loss or income reduction because of the COVID-19 pandemic. Is there an eviction moratorium in California? Can there be an eviction in California during the pandemic? Here is a guide for tenants and landlords on how to handle a rent shortage for the month of June, when the tenant says, “I can’t pay rent.” Request rent forbearance
Tenants not paying rent and California Rent Control Bill (AB1482) - breaking the law??
Landlords and tenants working together in California to come up with a mutually beneficial solution to help a tenant get back on financial footing may unintentionally end up breaking the law! If the tenant can't pay rent, this important update explains how the statewide rent cap provision in California rent control bill AB1482 could lead to issues down the road, plus we explain the "bonus" issue (as if we needed that) in using the Consumer Price Index as a metric. Tune in for solutions!
How's the Newport Beach Vacation Rental Market?
Which way to the beach? Now that the nice SoCal summer weather is starting, I bet you're wondering how the Newport Beach vacation rental market is doing during COVID-19. We put on our beach best to deliver this surprising market update.
10 Tips to Leasing during COVID 19!
Landlords, here are 10 Tips for leasing during COVID-19 season! If you have a current vacancy or one coming soon for your home, condo or apartment, here's what you need to know to get it leased during these crazy days! It's very different from ever before...
1031 Exchange deadlines just changed. What you need to know!!!! ??
Know anyone in a 1031 Exchange or getting ready to go into one? Here is everything you need to know about the recent extension for 1031 Exchange deadlines. Stick around to the end to learn another important opportunity that investors use to defer taxes on capital gains.
Big Eviction Update for California Tenants and Landlords
All California landlords and tenants need to know more about this big eviction update...watch now to see how the eviction process is changing for the foreseeable future. Here's a link to all 11 emergency temporary rules put into place by the California Judicial Council, we specifically discuss rules #1 and #2: https://jcc.legistar.com/View.ashx?M=...
Rent Forbearance Form for Landlords and Tenants ??
If you've been watching our videos, we told you that we'd create this important document and we did! Here is a sample Rent Forbearance Form for Landlords and Tenants. It's vital that both parties document in writing the rent forbearance plan during these crazy times. We give you a quick rundown on how to use the form. You can use the link below to download a fully customizable version. To request a copy of the form that is fillable click this link http://eepurl.com/gYs9pr
How to avoid AB 1482, California Rent Control Bill!
Attention landlords, want to avoid the California Rent Control Bill (AB1482) for rental properties? In this video, we share 3 ways to avoid the legislation! Bonus: become a newsletter subscriber and you'll exclusively learn 2 additional ways to avoid it....subscribe to our newsletter now! https://mailchi.mp/2a9389c58bcc/ab1482
California Rent Control Bill AB 1482 - What Every Tenant Needs to Know - "Rent Cap" Law
Everything tenants need to know about California Rent Control Bill AB 1482! Learn how the Tenant Protection Act of 2019 protects you, including how to tell if a property is exempt, how much rent can be increased and relocation fees. This statewide law is in effect from 1/1/2020 and runs for the next 10 years...
Updates to California Evictions during the Pandemic - June 2020
It's time for another update on the eviction process for California during COVID-19. Newsom’s executive orders related to California evictions and, ultimately, Orange County evictions were set to expire on 5/31/2020. There’s also the California Judicial Council’s moratorium on the eviction process for California. Are these still in place? Can you file an unlawful detainer in Orange County? We give answers to the current status of California evictions. Research local eviction regulations: https://www.no
Zillow Rental Manager is no longer free for landlords
Landlords often ask us, “what does Zillow Rental Manager cost to post a vacant house or rental?” Zillow Rental Manager is one of the top tools for rental ads posting for landlords and rental listings by owner. It was free up until the recent big announcement: Zillow Rental Manager will now have a weekly fee. So whether you're looking for a Zillow Rental Manager review or Zillow Rental Manager tutorial, it’s important to first watch this update for 3 top tips for landlords now that Zillow is no longer th
Dramatic upcoming legislation for California landlords and tenants
All California landlords and tenants need to know about this upcoming legislation, including Assembly Bill 3260 (AB 3260) related to nonpayment of rent during the COVID-19 pandemic. Do you have tenants who can’t pay rent due to the pandemic? This bill will prevent evictions of tenants who can’t pay due to coronavurus and will also limit being able to go after the residents for nonpayment of rent. Additionally we touch on the important, upcoming deadlines for Assembly Bill 1482 (AB 1482). If California lan
Financial Help for Landlords and Tenants - Apply for this!
Landlords, looking for grants for rental property owners? Renters, looking for rent relief for tenants? Most landlords and tenants don’t realize that they can apply for the Paycheck Protection Program (PPP) loan from the SBA and receive free money for landlords and free money for tenants. It’s PPP for real estate. We've talked to many people who don’t realize that a landlord can apply for the PPP loan and many tenants who don’t know that being a freelancer or gig worker may allow free money for renters that
Can't Pay Rent Due to Coronavirus? Guide for Tenants and Landlords - July 2020
What if tenants won't be able to pay some or all of the rent in July due job loss or income reduction from the COVID-19 pandemic? What can a landlord do for renters who can’t pay rent due to coronavirus? What can a renter do if they can’t pay rent to coronavirus? Is there an eviction moratorium in California? Can there be an eviction in California during the coronavirus pandemic? Here is a guide for tenants and landlords on how to handle a rent delay for the month of July, when the tenant says, “I can’t pay
Home Improvement and Return on Investment (ROI)
Looking for the best return on investment for home remodeling? We cover the top 3 home improvements that increase value, but are these the best home improvements to increase value for you? Asking which home improvement return on investment might be the wrong question depending on your needs and if you’re selling real estate or buying real estate. Are you allowed to dream big on remodeling projects? You might ask: Should I put in a pool? Should I put in a home theater or home gym? Should I do an expensive
Is the Luxury Real Estate Market Crashing for your OC Mansion
Is the luxury market crashing in Orange County? In our last video, the Orange County real estate market update with the latest Orange County housing prices and statistics for June 2020, we established that June was a great month for Orange County housing. But does this mean that all price ranges - including OC mansions and luxury condos in Orange County - are experiencing the same increase? What is the latest Orange County luxury real estate news for your California mansion? Are luxury homes selling as fast
Can my landlord make me move during coronavirus? Guide for tenants and landlords
This guide for tenants and landlords in California gives another update on the eviction process for California during COVID-19 and explains when a landlord can ask a tenant to move. Newsom’s executive order related to California eviction laws and Orange County evictions has been extended and there’s also the California Judicial Council’s moratorium on the California eviction process. Are these still in place? Can you file an unlawful detainer in Orange County? We give answers to the current status of Califo
Multifamily Real Estate in Newport Beach July 14, 2020
24
Listed
108
Avg. DOM
N/A
Avg. $ / Sq.Ft.
$2,749,500
Med. List Price
24 Properties
Page 1 of 2
$1,895,000
Subdivision: Balboa Peninsula (Residential) (Balp)
0.06
Acres
1962
Year Built
1
Days on Site
OC20138316
MLS
Wonderful duplex located in the Finley Tract, the upstairs is a spacious 3 bedroom, 2 bath with one car parking in shared garage. Laundry hook-ups. Large living room with fireplace and separate...
$3,149,000
Subdivision: West Newport Beach (Wsnb)
0.05
Acres
1972
Year Built
7
Days on Site
NP20131448
MLS
Impressive rental cash flow for this "RARE" turnkey 2 unit duplex property. Completely gutted & remodeled in 2017. A new roof in 2019. This is a "High-end" legally permitted & licensed "short-term"...
$2,195,000
Subdivision: Balboa Peninsula Point (Blpp)
0.06
Acres
1949
Year Built
9
Days on Site
NP19161789
MLS
Presenting a wonderful opportunity for instant income is this charming quadruplex located seconds to both the beach and bay within the highly desirable neighborhood of Peninsula Point. Encompassing...
$1,800,000
Subdivision: Balboa Peninsula (Residential) (Balp)
0.04
Acres
1923
Year Built
12
Days on Site
PW20130422
MLS
This prime Peninsula duplex is one block to the ocean, sand and boardwalk. The front downstairs unit is a 2 bedroom/1 bath and upstairs is a 1 bedroom/1 bath. It was recently extensively remodeled to...
$2,850,000
Subdivision: West Newport Beach (Wsnb)
0.08
Acres
1962
Year Built
15
Days on Site
OC20126378
MLS
RARE on the Market! A Multi-unit property located in a PRIME location as one of the largest zoned lots on the peninsula, only 2 houses from the beach on the 100 Block on the Balboa Peninsula of...
$2,700,000
Subdivision: Balboa Peninsula (Residential) (Balp)
0.06
Acres
1961
Year Built
21
Days on Site
IV20122095
MLS
This panoramic-view-lead blue-Ocean property sits squarely across the city's Marina Park Harbor overlooking a convas of private yachts, distant mountains and occasional white clouds over the dome of...
$3,397,000
Subdivision: Balboa Peninsula (Residential) (Balp)
0.06
Acres
2020
Year Built
23
Days on Site
OC20120478
MLS
Newly built. Every detail designed for living, leasing, entertaining, and hosting at the beach. Perfect for full time home, part time beach home, and/or a long term rental/vacation rental. Units...
$5,000,000
Subdivision: Balboa Peninsula (Residential) (Balp)
0.08
Acres
1952
Year Built
27
Days on Site
NP20117355
MLS
Oceanfront duplex on the boardwalk with panoramic sunsets, Catalina and Newport Pier views. Price includes approved plans to build new 3,500 SF home (SFR). Lot is 30 x 100. Unique zoning, as you can...
$5,750,000
Subdivision: Balboa Peninsula (Residential) (Balp)
0.07
Acres
1974
Year Built
30
Days on Site
NP20113848
MLS
Quintessential oceanfront duplex beach home in turn-key condition. A wonderful opportunity to own between the piers and on the sand along one of Southern California's most favored stretches of...
$2,999,900
Subdivision: Balboa Island - Collins Island (Balc)
0.06
Acres
1986
Year Built
48
Days on Site
OC20101490
MLS
Fantastic remodeled duplex on one of the most desirable streets on Balboa Island! Upgrades include new Shaker cabinets, Jenn Air appliances, Caesarstone quartz countertops, Shaw Luxury Vinyl Plank...
$2,595,000
Subdivision: Balboa Peninsula (Residential) (Balp)
0.05
Acres
1965
Year Built
55
Days on Site
NP20094691
MLS
Gorgeous Modern Farmhouse multi-unit property in prime Newport Peninsula location. High end finishes including gorgeous white exterior siding with black windows, modern aluminum roofing, and...
$1,800,000
Subdivision: Balboa Peninsula (Residential) (Balp)
0.06
Acres
2002
Year Built
60
Days on Site
OC20019714
MLS
This Legacy Property and 'A' Location Duplex is located in Newport Beach, California. The asset consists of 100% two-bed and one-bath units located on a corner lot, across from the street from the...

Newport Beach Rental Survey

Included below is your market update for Newport Beach rental rates. This list includes Newport Beach rentals that have leased in the past 3 months. Of course, for the most accurate rental rate for the units you own, please reach out to the team at WIRE Associates.

66 Properties
Page 1 of 6
Sold
611 Lido Park Drive #2C Newport Beach, CA 92663
$5,500 / month
Subdivision: Vista Del Lido Condos (L611)
1
Beds
1F11/2
Baths
988
Sq.Ft.
1963
Year Built
7/12/20
Sold On
NP20069990
MLS
Luxury, executive, furnished, turn key condo at the Vista del Lido high-rise condominium complex offers luxury waterfront living in the heart of Newport Beach. This one bedroom, one and a half bath...
Sold
63 Ebb Tide Circle Newport Beach, CA 92663
$5,000 / month
Subdivision: Other (Othr)
4
Beds
1F23/411/2
Baths
1,829
Sq.Ft.
2017
Year Built
7/11/20
Sold On
OC20089578
MLS
New Construction! Panoramic Rooftop deck with Ocean views! This Newport Heights contemporary tri-level home is in the new community of Ebb Tide, featuring 4 bedrooms (one bedroom is on the main...
Sold
532 Fullerton Avenue Newport Beach, CA 92663
$8,500 / month
Subdivision: Newport Heights (Newh)
3
Beds
2
Baths
2,254
Sq.Ft.
1950
Year Built
7/10/20
Sold On
NP20061804
MLS
Live in a immaculate newly remodeled home with high end construction. Located on a large lot on one of the best streets in Newport Heights, this turnkey, single level home was completely remodeled in...
Sold
203 30th Street #A Newport Beach, CA 92663
$4,750 / month
Subdivision: Central Newport (Cnew)
3
Beds
2
Baths
1,500
Sq.Ft.
1986
Year Built
7/9/20
Sold On
NP20090212
MLS
The property is a remodeled single level lower condo - 3 bedrooms and 2 baths located on the Newport Peninsula at 30th Street and Newport Blvd. It is located one block from the beach. The unit...
Sold
4 Summer House Lane Newport Beach, CA 92660
$8,200 / month
Subdivision: Harbor View Homes (Hvhm)
4
Beds
3
Baths
3,316
Sq.Ft.
2013
Year Built
7/8/20
Sold On
OC20086577
MLS
Great price for a fabulous custom home located in a private cul-de-sac and adjacent to Harbor View Nature Park! The bright and spacious open floor plan has a beautiful views of the nature park and...
Sold
1620 Warwick Lane Newport Beach, CA 92660
$7,700 / month
Subdivision: Dover Shores (Dsam)
3
Beds
1F13/4
Baths
1,900
Sq.Ft.
1959
Year Built
7/8/20
Sold On
NP20080560
MLS
Peaceful seaside living awaits at this remarkable Dover Shores ranch style residence. The 3 bedroom 2 bathroom floor plan allows for easy beach living or elegant entertaining with an open great room...
Sold
689 Vista Bonita Newport Beach, CA 92660
$3,900 / month
Subdivision: Bluffs Original (Bori)
3
Beds
2F11/2
Baths
1,881
Sq.Ft.
1967
Year Built
7/7/20
Sold On
NP20103214
MLS
This is a delightful 3 bedroom, 2.5 bath home with a unique and easy flowing floor plan. The inviting open concept living and dining area feature a fireplace and large doors opening to the private...
Sold
121 East Bayfront Newport Beach, CA 92662
$11,000 / month
Subdivision: Balboa Island - Little Island (Ball)
4
Beds
2F13/4
Baths
2,400
Sq.Ft.
1954
Year Built
7/7/20
Sold On
NP20101595
MLS
Great East Bayfront location! Freshly painted, new flooring, new kitchen counter-tops and appliances. Four bedroom, 3 bath. Fireplace in the living room and master bedroom. Large living room with...
Sold
2166 Vista Entrada Newport Beach, CA 92660
$3,800 / month
Subdivision: Bluffs Original (Bori)
3
Beds
2
Baths
1,655
Sq.Ft.
1969
Year Built
7/7/20
Sold On
NP20090013
MLS
Lovely, single story, located on a greenbelt. New laminate wood floors. Bonita Plan 3 bedroom, 2 bath. Well maintained.
Sold
226 Cedar Street Newport Beach, CA 92663
2
Beds
1F13/4
Baths
1,200
Sq.Ft.
1961
Year Built
7/6/20
Sold On
PW20125616
MLS
This apartment is centrally located in the heart of the Newport Beach. Just a short walk across the street
to the is the beach. This ground level unit has 2 bedrooms/2 bathrooms, New...
Sold
212 Via Quito Newport Beach, CA 92663
$7,000 / month
Subdivision: Lido Island (Lido)
3
Beds
3
Baths
2,556
Sq.Ft.
1981
Year Built
7/6/20
Sold On
NP20074032
MLS
Spacious Santa Barbara style home! Situated on an extra-wide 40' lot with a large wrap-around patio and grassy area, the home is perfect for entertaining and enjoying the outdoors. Recently...
Sold
2404 W Oceanfront Newport Beach, CA 92663
$19,000 / month
Subdivision: Other (Othr)
4
Beds
4F11/2
Baths
2,400
Sq.Ft.
2019
Year Built
7/6/20
Sold On
NP20086596
MLS
Very rarely does an opportunity like this come up, Ocean front living at its finest! Brand new soft contemporary custom built home on the beach, has every amenity you could ask for. Expertly crafted,...