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Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. This website is not intended to solicit commercial mortgage company business in Nevada.
In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Orange County
3121 Michelson Drive, Suite 400 Irvine, CA 92612
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18 Units | 1960 YB | Value-Add Opportunity | One-of-a-kind Location
The Westcliff Courtyard Apartments
1800, 1814 and 1838 Westcliff Drive, Newport Beach, CA 92660
INVESTMENT HIGHLIGHTS
Prime Newport Beach Location: Irreplaceable, coveted asset in an internationally recognized Zip Code.
Value-Add Opportunity: 16 units completely or partially renovated with proven rental upside.
Exceptional Property Configuration: Low-density garden-style complex with private outdoor spaces.
Strong Market Fundamentals: 98.2% occupancy with $152K+ median income.
Recent Capital Improvements: New roofs and electrical panels, attractively and functionally designed courtyard landscaping and all but two units completely or partially renovated.
Acquisition Terms: Seller will provide financing.
Generational Asset: Seller is the original owner, builder and manager since 1960.
Investment Ownership Flexibility: Property resides on three separately deeded parcels; each housing six units.
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1988
7,354 SF
Raised Foundation
Wood-Frame
Stucco
Year Built:
12032 Manor Drive | Hawthorne, CA 90250
CONSTRUCTION
Building SF:
Foundation:
Framing:
Exterior:
Flat
Roof:
4041-003-039
Apartments
1
3
HAR3YY
Parcel Number
12032 Manor Drive | Hawthorne, CA 90250
SITE DESCRIPTION
Use:
Buildings:
Stories:
Zoning:
7,865 SF
Lot Size:
14 Spaces
Parking:
9
(6) 1 Bed / 1 Bath (1) 2 Bed / 1 Bath (2) 2 Bed / 2 Bath
817 SF
Separately Metered
Separately Metered
Number of Units:
12032 Manor Drive | Hawthorne, CA 90250
PROPERTY DETAILS
Unit Mix:
Avg. Unit Size
Gas:
Electricity:
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List Price: $12,600,000
South Bay Los Angeles
2301 Rosecrans Ave., Suite 2110 El Segundo, CA 90245
Bruce Furniss
Managing Director 714.384.3266 bruce.furniss@berkadia.com CA DRE License #00886554
Steffan Braunlich
Managing Director 310.209.3209 steffan.braunlich@berkadia.com CA DRE License #01859098
Investment Sales
Mortgage Banking
Edward Kim
Managing Director 949.622.9252 edward.kim@berkadia.com CA DRE License #01424073
Prime Newport Beach Location: Irreplaceable, coveted asset in an internationally recognized Zip Code.
Value-Add Opportunity: 16 units completely or partially renovated with proven rental upside.
Exceptional Property Configuration: Low-density garden-style complex with private outdoor spaces.
Strong Market Fundamentals: 98.2% occupancy with $152K+ median income.
Recent Capital Improvements: New roofs and electrical panels, attractively and functionally designed courtyard landscaping and all but two units completely or partially renovated.
Acquisition Terms: Seller will facilitate financing.
Generational Asset: Seller is the original owner, builder and manager since 1960.
Investment Ownership Flexibility: Property resides on three separately deeded parcels; each housing six units.