919 Bayside Dr
Newport Beach, CA 92660

CBRE is pleased to present the opportunity to acquire The Waterfront, a rare, water-front multifamily community located in one of the most affluent cities in Orange County. Built in 1964 and 1974, and subject to a 25-year ground lease, The Waterfront is comprised of 64 units, 34 boat slips, and approximately 1,000 linear feet of water frontage. The Waterfront is the ideal rental option for anyone looking for bay-front living on a more intimate scale. Residents enjoy resort-style living with a one-of kind amenity package that includes a 3,000 square foot private white sand beach with fire pits, heated pool and lounge area, 69 garages and a recently built clubhouse. The Waterfront offers large floor plans that average 1,273 square feet and select units feature wood-style floors, large patios/balconies, views of the harbor, stainless steel appliances, washer & dryer, and a fireplace. Residents also enjoy the convenience of being in a very walkable location with a variety of shopping and dining options. Bayside Shopping Center, which is anchored by a Pavilions and Rite-Aid, is directly across the street. Newport Yacht Club, Balboa Island and local favorites like Sol Mexican Cantina, are all within a 10 minute walk from the Property. The Waterfront is just one of three bay-front communities in all of Newport Beach. With an outstanding tenant base and prime Orange County location, The Waterfront is undoubtedly one of the marquis multifamily offerings in all Southern California.