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.