Existing Portfolio Fairway Apartments at Big Canyon
Fairway Apartments at Big Canyon is a five building 74-unit gated luxury apartment community situated on 9.09 acres of land in Newport Beach, CA. The project overlooks the fairway at Big Canyon Country Club and is walking distance to Fashion Island. There is a swimming pool, spa and exterior barbeque area. The unit mix consists of 12 one-bed + one-bath units, 50 two-bed + two-bath units, and 12 three-bed + two bath units. Each unit contains a two-car garage in addition to on-site open parking spaces. Principals of the company, through Irvine Four, LLC, own the leased fee interest in the property. The ground lease expires in 2027.
- Location:
- 48 Pine Valley Ln Newport Beach, CA 92660
- Property Size:
- 9.09 Acres
- Product Type:
- Ground Lease (Leased Fee)
- Number of Units:
- 74