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Balboa Peninsula, Newport Beach

  |  Balboa Peninsula, Newport Beach

Balboa Peninsula, Newport Beach

Situated on a double lot in the heart of the Newport Beach Peninsula, the ‘Lightsand’ has set record sub-market rents for Class B multifamily with c. 800 sf two bedroom units fetching $4,900 per month (as of August 2022). ¬†The asset was complete overhauled including new stucco, siding, landscaping, lighting and designer interiors. ¬†Urbaneer also entitled two accessory dwelling units (ADU’s) on the rear of the property and holds 7 short term rental licenses.

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