Newport Beach, CA 92663,212 Orange ST
Newport Beach, CA 92663,212 Orange ST
Newport Beach, CA 92663,212 Orange ST
Newport Beach, CA 92663,212 Orange ST
Newport Beach, CA 92663,212 Orange ST
Newport Beach, CA 92663,212 Orange ST
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$2,060,000

$2,299,000

10.4%
Est.Price: ?

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Est. payment /mo

2,565 Sqft Lot


SOLD DATE : 10/24/2024

Key Details

Sold Price $2,060,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Newport Shores (News)

MLS Listing ID NP24103569

Sold Date 10/24/24

HOA Y/N No

Year Built 1974

Lot Size 2,565 Sqft

Property Description

**Newport Beach Duplex Opportunity!**Located in the highly sought-after "Newport Shores" community in Southern California, this duplex has been updated in recent years and offers exceptional value. Featuring two beautifully designed units, this property is an ideal investment. The first unit is a 3-bedroom, 2-bathroom space, while the second unit comprises 2 bedrooms and 1 bathroom.
The property includes a 2-car garage, a carport, and shared laundry facilities. Both units boast spacious, open floor plans filled with natural light and a refreshing ocean breeze. The 3-bedroom unit features a large balcony at the back and another at the front, providing ample sunlight and outdoor enjoyment. The 2-bedroom unit has a sliding glass door at the front, offering lots of light and access to cool ocean breezes.
Well-maintained with longstanding tenants, the property offers the following rental details:
- **Lower Unit (A)**: 2 bed / 1 bath updated several years ago, currently rented at $2,800/month (underperforming).
- **Upper Unit (B)**: 3 bed / 2 bath, recently remodeled, currently rented at $3,600/month (underperforming).
This is a fantastic chance to invest in a fully occupied duplex in the desirable "Newport Shores" neighborhood. Tenants will enjoy the Southern California lifestyle, with easy access to beaches, surfing, paddleboarding, boating, and biking.

Location

State CA

County Orange

Area N8 - West Newport - Lido

Interior

Interior Features Balcony, Ceiling Fan(s), High Ceilings

Heating Central

Cooling None

Fireplace No

Appliance Gas Cooktop, Gas Oven, Water Heater

Laundry In Garage

Exterior

Parking Features Carport, Garage Faces Rear

Garage Spaces 2.0

Carport Spaces 2

Garage Description 2.0

Fence Wood

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Waterfront Description Across the Road from Lake/Ocean,Beach Access,Ocean Access

Total Parking Spaces 4

Private Pool No

Building

Lot Description Corner Lot, Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 42443401

Acceptable Financing Contract

Listing Terms Contract

Financing Cash to Loan

Special Listing Condition Trust

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California Regional MLS (CRMLS)
Listed by Tim Beans • Compass • 949-933-8496
Bought with Tim Beans • Compass
agent
Karen Iwakoshi

Real Estate Consultant | License ID: 01971542

+1(562) 595-3264 | karen@iwakoshirealtor.com

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