$6,495,000

This exceptional property, situated steps from the Monarch Bay Golf Club, encompasses nearly one acre and features 17,710 square feet of rentable space. Originally constructed in 1965, Newport Apartments consists of 18 one-bedroom, one-bath units and 10 two-bedroom, two bath units. Residents benefit from ample amenities including 35 surface parking spaces, a community laundry room, and spacious patios and balconies. The property has been meticulously maintained over the past two decades. A new owner has the opportunity to enhance the building's exterior, common areas, and individual units with modern upgrades as they turnover. Newport Apartments' prime location near Interstate 880 provides effortless access to major employment centers throughout the Bay Area. The property is perfect for young professionals and families, being close to the Monarch Bay Golf Club, Tony Lema Golf Course, Marina Park, Kaiser Hospital, and the Marina Square Center, featuring prominent retail brands.