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Key Details
Sold Price $1,799,900
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision West Newport Beach (Wsnb)
MLS Listing ID OC21004144
Sold Date 05/26/21
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1932
Lot Size 1,742 Sqft
Property Description
Location, location, location, this charming property is in the heart of the Newport Beach Peninsula on the ocean side of Balboa Blvd., just steps from the sand. You’re in a walker’s paradise where no car is needed and most daily errands or activities can be accomplished on foot because of the numerous coffee shops, restaurants, grocery stores, shopping, the pier and beach activities nearby. Plenty of free parking surrounds the area including 24th Street itself, the city offers several parking-permits options, plus there’s a surplus of metered lots within an easy stroll. Professionally decorated with 5-star reviews you’ll enjoy exceptional detail throughout. These bright and cheery vacation units are consistently in high demand all year. Extended leases are 31+ days with a historical average of 31-90 days. Tenants from all over the world return year after year. Zoned R1 as a legal, non-conforming grandfathered duplex, there's 3 separate private entrances: Front unit 670+/- sf 1bedroom/1 bath; Back lower unit 500+/- sf studio/1 bath; Upper back unit 460+/- sf 1bedroom/1bath. Front and back lower units can connect if you'd like (total ground floor square footage is 1,170+/-) as they share the lock-off utility space and stackable washer/dryer. Well maintained with brand new double-pane windows and a tankless water heater. Furnishings and all supplies are available for purchase. Please do not disturb tenants or walk the fully-occupied property. Following COVID protocol.
Location
State CA
County Orange
Area N8 - West Newport - Lido
Interior
Interior Features Ceiling Fan(s), Bedroom on Main Level
Heating Natural Gas, Space Heater, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Tile
Fireplaces Type None
Fireplace No
Appliance Disposal, Gas Oven, Refrigerator, Tankless Water Heater
Laundry Inside, Stacked
Exterior
Exterior Feature Lighting, Rain Gutters
Garage Public, On Street
Fence Block, Good Condition, Stucco Wall
Pool None
Community Features Biking, Curbs, Fishing, Street Lights, Sidewalks, Water Sports, Park
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Waterfront Description Across the Road from Lake/Ocean,Beach Access,Ocean Access,Ocean Side Of Freeway,Ocean Side Of Highway
View Y/N Yes
View Neighborhood, Ocean, Peek-A-Boo
Roof Type Composition
Accessibility No Stairs
Parking Type Public, On Street
Private Pool No
Building
Lot Description 2-5 Units/Acre, Level, No Landscaping, Near Park, Near Public Transit, Rectangular Lot, Street Level, Value In Land
Faces East
Story 2
Entry Level Two
Foundation Raised, See Remarks
Sewer Public Sewer
Water Public
Architectural Style Bungalow, Cottage
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 04714127
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Ronald Maddux • Regency Real Estate Brokers
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