280 Cagney Lane 115, Newport Beach, California 92663, Newport Beach, 92663 - 1 bed, 1 bath
280 Cagney Lane 115
Newport Beach, California 92663
Property Price
SUMMARY
Analysis of 280 Cagney Lane 115, Newport Beach, California 92663 is currently available with a list price of $850,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant modern upgrades including wood flooring, stainless steel kitchen appliances, and updated cabinetry and stone countertops in both the kitchen and bathroom. Although the building was constructed in 1980, the interior has been extensively renovated within the last 5 to 10 years and appears well-maintained with minimal wear.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated just two blocks from the beach in the prestigious Villa Balboa gated community, this unit offers desirable ocean views and immediate access to world-class dining, biking, and coastal recreation.
- Resort-Style Amenities
The community provides an extensive amenity package including two pools, three pickleball courts, a tennis court, and a state-of-the-art gym, offering a high-quality lifestyle for residents.
- Modern Interior Upgrades
The unit features upgraded wood flooring and a spacious, light-filled floor plan with a large private patio, providing a modern and inviting living space.
CONSRISKS & DEFICIENCIES
- Delayed Occupancy
The property is currently leased until November 30, 2026, which prevents immediate owner-occupancy and limits the buyer pool primarily to long-term investors.
- High Monthly Carrying Costs
The association fee of $660 per month is relatively high for a one-bedroom unit, which may impact the overall affordability and investment yield for some purchasers.
About 280 Cagney Lane 115
OCEAN VIEW, BEAUTIFUL ONE BEDROOM WITH LARGE PATIO. LOCATED IN VILLA BALBOA A GATED COMMUNITY. UNIT IS ALL UPGRADED WITH WOOD FLOORING. ALL ROOMS ARE VERY SPACIOUS. LIGHT AND BRIGHT. TWO BLOCKS TO BEACH FOR WALKING BIKING AND ALL FINE DINING. FIVE MINUTES TO FASHION ISLAND, LIDO ISLAND, HUNTUNGTON BEACH AND FREEWAY. AMENITIES INCLUDE: 2 POOLS, 2 JACUZZI'S, 3 PICKLEBALL COURTS. ONE TENNIS COURT. STATE OF THE ART GYM AND CLUBHOUSE. BAR-B-Q'S BY BOTH POOLS. GREAT LOCATION AND COMMUNITY. UNIT IS ( PROPERTY IS CURRENTLY LEASED UNTIL 11/30/2026). EASY TO SHOW. LOCATION LOCATION!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- 969 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $660.0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Heights Elementary School
Grades K-6 • 1.2 mi
Horace Ensign Intermediate School
Grades 7-8 • 0.9 mi
Newport Harbor High School
Grades 9-12 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 16% |
| Baths | 1.0 | 3.0 | 16% |
| Square foot | 969 | 1,791 | 13% |
| Lot Size | 969 | 6,579 | 23% |
| Price | $850.0K | $1.85M | 13% |
| Price per sq ft | $877 | $1.2K | 32% |
| Built year | 1980 | 1981 | 45% |
| HOA | $660.0 | $550 | 74% |
| Days on market | 48 | 171 | 10% |
Pricing History
Listed for Sale
Jan 18, 2026
$850,000
Initial Listing
Sold
Jun 20, 2018
$585,000
Public Record