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NEWPORT BEACH, CALIF. — Waypoint Property Group has purchased the Waterfront, a 64-unit apartment community in Newport Beach, for $25.5 million. The community is located at 919 Bayside Drive.
The Waterfront is situated across from Balboa Island. The property, which was built in 1964, overlooks Newport Harbor.
Common-area amenities at the property include private single-car garages, a salt-water pool, a poolside lounge and a clubhouse. Select units feature stainless-steel appliances, fireplaces, new wood-style floors, quartz countertops and recessed lighting.
The seller, BT Real Estate Group, was represented by Stewart I. Weston of Institutional Property Advisors.