$4,600,000
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3,920 Sqft Lot
SOLD DATE : 07/01/2019
Key Details
Sold Price $4,600,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision West Newport Beach (Wsnb)
MLS Listing ID OC18239412
Sold Date 07/01/19
Construction Status Repairs Cosmetic,Updated/Remodeled
HOA Y/N No
Year Built 1925
Lot Size 3,920 Sqft
Acres 0.09
Property Description
AN OCEANFRONT MULTI USE PROPERTY WITH SOLID STEADY INCOME ALL YEAR ROUND. THIS PROPERTY IS ON THE OCEANFRONT AND THE VIEWS ARE BEYOND INCREDIBLE. TWO RESIDENTIAL UNITS UPSTAIRS EACH W/3 BEDS, 2 BATHS, SHARED LAUNDRY AREA, FRONT AND REAR STAIR CASE AND COMMUNITY PATIO AREA. DOWNSTAIRS ARE BOTH LONG TERM RETAILERS W/LONG TERM ESTABLISHED TENANCY. LEASES WILL BE RENEGOTIATED NEXT YEAR. ALL UNITS ARE BELOW MARKET. THE POTENTIAL IS INCREDIBLE. PROPERTY WAS RENOVATED 15 YEARS AGO AND CAN USE A COSMETIC FACELIFT. 4 PARKING SPACES INCLUDING ONE GARAGE AND ALSO LARGE STORAGE AREA. POTENTIAL FOR VACATION RENTAL INCOME. SEE THE SUNSETS, CATALINA AND CRASHING WAVES DIRECTLY IN FRONT OF YOU.
Location
State CA
County Orange
Area N8 - West Newport - Lido
Rooms
Other Rooms Storage
Ensuite Laundry Common Area
Interior
Interior Features Multiple Staircases, Storage, All Bedrooms Up
Laundry Location Common Area
Heating Central
Cooling Central Air
Fireplaces Type See Remarks
Fireplace Yes
Appliance Dishwasher, Disposal, Gas Range
Laundry Common Area
Exterior
Exterior Feature Rain Gutters
Garage Assigned
Garage Spaces 1.0
Carport Spaces 2
Garage Description 1.0
Fence None
Pool None
Community Features Gutter(s), Sidewalks, Marina
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description Beach Access,Beach Front,Ocean Access,Ocean Front,Ocean Side Of Highway
View Y/N Yes
View Catalina, Ocean, Panoramic, Pier, Water
Roof Type Flat
Accessibility None
Parking Type Assigned
Total Parking Spaces 4
Private Pool No
Building
Lot Description 11-15 Units/Acre, Level, Near Public Transit, Street Level, Value In Land
Story 1
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style English
Level or Stories Two
Additional Building Storage
New Construction No
Construction Status Repairs Cosmetic,Updated/Remodeled
Others
Senior Community No
Tax ID 04715108
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Owner May Carry
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Owner May Carry
Financing Cash
Special Listing Condition Standard
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Bought with Glenda Farrell • RE/MAX Fine Homes
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
25101 The Old Road Suite 240, Ranch, Ca, 91381, United States