Property Detail

Description

This parcel includes 6,966 square feet of office space comprising 12 private offices, a full kitchen with range and refrigerator/freezer, washer, dryer,, an executive office with private bathroom and shower, three secretarial cubicles, his and hers restrooms, patios, and dedicated break and storage rooms. Like the primary building, each office is outfitted with its own heating and air conditioning unit, providing personalized climate control throughout. Whether for owner-use or as a leased investment, this property is a turnkey solution that offers a level of quality, flexibility, and amenity package that is unmatched in the current market. This is a once-in-a-lifetime chance to secure a landmark office property designed to support business growth, client engagement, and employee satisfaction for years to come. Available at $4,960,000, in line with a recent March 2025 appraisal confirming the same value. Alternatively, the two parcels may be purchased individually at $2,500,000 and $2,460,000, respectively, subject to land lease. There is an opportunity to acquire the adjacent parcel for an additional $2.7 million, bringing the total purchase price to $5.3 million for both parcels comprising this exceptional Newport Beach office property. This combined acquisition offers a rare chance to own the entire building, maximizing functionality, value, and long-term potential in one of Southern California’s most prestigious business locations. This is a leasehold; the land lease per month is $9,061 for this parcel, with an annual increase of 1% expiring in 2036, with extension options available.