Built in 1959 and thoroughly renovated in 2013, this property consists of one, four-bedroom(converted from three-bedroom)/two-bathroom front single family residence unit and five, two-bedroom/one-bathroom back apartment units. The front dwelling house comes with a spacious 2,000 square foot floor plan and a one car garage with direct access, plus an additional driveway and street parking, along with its own private backyard. All five two-bedroom units include tucked-under carport parking with storage and extra open space parking. Moreover, the apartment building provides a shared large inclusive courtyard, gated swimming pool and laundry facility. Each unit is also individually metered for gas & electricity and contains copper plumbing. The subject property is situated on a huge lot of 17,625 square feet as well as an additional 18 percent potential upside on rents. The property is located at the heart of Newport Beach. Attractions like Newport Beach Pier, Newport Harbor, Balboa Peninsula, Fashion Island and The Triangle are within minutes of driving. This is an exceptional opportunity for an investor to acquire a piece of real estate where one will find an ideal balance between capital preservation and cash flow. It is a true trophy asset which will stand against inflation and proven to be the most desirable pride of ownership investment.
|DAYS ON MARKET||Login to view Days on Market||LAST UPDATED||9/6/2018|
|YEAR BUILT||Login to view Year Built||COMMUNITY||699 - Not Defined|
|PROPERTY TYPE(S)||Residential Income|
|Login to view Price History|
|AREA||699 - Not Defined|
|GARAGE||Built-In Storage, Carport Attached, Direct Garage Access, Driveway, Garage|
|LOT DESCRIPTION||Landscaped, Yard|
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 9/25/18 8:08 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2018.