2015 Barranca Newport Beach, CA 92660

********************************************* LAND LEASE ***************************************************************** MAJOR PRICE ADJUSTMENT. Out-of-state seller risks losing their upleg. This home needs to be sold ASAP. Super-clean, remodeled single-level end unit with a small ocean view. Kitchen eating area. Overlooks the community pool. Close to Corona Del Mar High and Our Lady Queen of Angels Church. This property is located on leased land. The Irvine Company owns the land. Lease payment is currently $ 2,622.24 per year. The Land Lease Buyout Amount is $481,062.00 with a lease expiration of 2041. Buyer to verify actual lease amounts at closing. If a buyer needs financing, include a pre-approval letter from a lender addressing the land lease with your offer. For questions regarding the land lease, email Cyndi Akers at cakers@irvinecompany.com.