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.
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