IRVINE, CA-Waterford Residential, LLC, an investment firm based out of Newport Beach, California, has purchased Dover Shores Apartment Homes, an 18-unit apartment building, located at 1606-1674 Westcliff Drive in Newport Beach, California, for $8,000,000. The seller was a private investor. Kidder Mathews’ multifamily brokers, Steven C. Brombal and Joshua Y. Rhee, represented both parties in the transaction. The Dover Shores Apartment Homes consists of four one-bedroom and 14 two-bedroom units. This is the first time it has been on the market in 42 years. Assets of this size are unique in Newport Beach and rarely become available.
For the full story, go to GlobeSt.com.
© Copyright 2018 ALM Media Properties, LLC. All Rights Reserved.