$2,225,000
$2,250,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
2,613 Sqft Lot
SOLD DATE : 11/20/2023
Key Details
Sold Price $2,225,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Newport Shores (News)
MLS Listing ID OC23189782
Sold Date 11/20/23
HOA Y/N No
Year Built 1972
Lot Size 2,613 Sqft
Property Description
Newport Beach Duplex opportunity! Nestled in the heart of one of Southern California's most coveted coastal communities - "Newport Shores". This Duplex represents one of the best values in Newport Beach. It boasts two impeccably designed units that offer incredible investment potential. Both units are 3 bedrooms / 2 bathrooms. This property has a 3-car garage with shared laundry in the garage. A brand new exterior paint job was just completed last month. Both units have large open floor plans making them easy units to keep rented. They feel light, bright, and open... with plenty of natural light and the perfect ocean breeze. This property has been well-maintained and professionally managed for years. Lower Unit (A): 3 bed / 2 bath. Older finishes. Currently rented at $3,100 / month – Lease is month to month (rent is reviewed and increased every May). Upper Unit (B): 3 bed / 2 bath. Fully remodeled just a couple of years ago. Currently rented at $4,200 / month – Lease expires 7/31/24. This is a terrific opportunity to invest in a fully occupied duplex property in the highly-desired "Newport Shores" neighborhood. Your Tenants will enjoy living the Southern California lifestyle near beaches, surfing, paddleboarding, boating, and biking. The seller is also selling two other Duplex Properties at the same time. [210 Lugonia Street (MLS# OC23189784) and 209 Walnut Street (MLS# OC23189780)]. These three duplex properties can be purchased together or separately.
Location
State CA
County Orange
Area N8 - West Newport - Lido
Interior
Heating Central
Cooling None
Fireplaces Type None
Fireplace No
Laundry In Garage
Exterior
Parking Features Garage
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Sidewalks, Water Sports
Total Parking Spaces 3
Private Pool No
Building
Lot Description Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 04508206
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Tori Rimlinger • Compass
Real Estate Consultant | License ID: 01971542
+1(562) 595-3264 | karen@iwakoshirealtor.com