Danny Kwock Acquires Newport Beach Multifamily For $8M

The multifamily property located at 129 E. Bay Ave., 1603 E. Balboa Blvd., and 210 Opal Ave. in Newport Beach has been sold. The transaction took place on 07/06/2021. The property consists of 9 units with a total square footage of 6,312. The sale price for this property was $8,002,000, resulting in a price per unit of $889,111 and a price per square foot of $1,267. The buyer of the property was Danny Kwock, while Rich Brown was the seller. Nolan Tooley, James DeBuiser, and Gary Cohen represented the parties involved in the transaction.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,002,000
• Units: 9
• Price Per Unit: $889,111
• Square Footage: 6,312
• Price Per Square Foot: $1,267

In this transaction, Danny Kwock acquired the multifamily property located in Newport Beach from Rich Brown for a total of $8,002,000. The property consists of 9 units with a combined square footage of 6,312. The sale price per unit was $889,111, and the price per square foot was $1,267. Nolan Tooley, James DeBuiser, and Gary Cohen were the brokers involved in the deal representing the buyer and seller.