100 Scholz , #205

Description

This sale includes the established short-term rental business, all furnishings and personal property, and the real estate.Turnkey acquisition - ready to generate income on Day 1.This beautiful condo is more than a luxury vacation spot; it is a **high-performing, established business asset** situated for maximum rental demand.The property has been operating on Airbnb for the past two years, and has now achieved a superhost status that will be transferred to the new owner. This eliminates the time, effort, and risk typically associated with launching a new STR operation. Seller is also offering to manage the Airbnb business after the sale.Property is booked all year round with almost zero vacancy. The average rental income has been $4,500/month.Premier Newport Beach Location: Steps from the beach, world-class surfing, Balboa Island, Fashion Island, and the entertainment hub of the Peninsula. This property boasts a strong Gross Rent Multiplier of 13.87 and a pro forma NOI of \$40,884, translating to a **5.46% Cap Rate**—a rare and competitive return for a prime coastal Orange County asset.**LOW Operating Costs:** The **HOA fee (\$550/month) covers water, trash, and sewer.Low-Maintenance, Premium Asset* **Resort-Style Amenities:** The highly secure community provides a competitive advantage for STR listings, offering a large pool, Jacuzzi, dry sauna, fitness rooms, and gated underground parking.