$1,125,000
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2,613 Sqft Lot
SOLD DATE : 01/16/2019
Key Details
Sold Price $1,125,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lido Island (Lido)
MLS Listing ID OC18145455
Sold Date 01/16/19
HOA Y/N No
Year Built 1974
Lot Size 2,613 Sqft
Acres 0.06
Property Description
Great investment DUPLEX opportunity one block from the beach in the Newport Shores. Own an investment property in a highly desirable area that is walking distance to the SAND. Eat Chow, Alessa's, Spaghetti Blender and Cappy's Cafe are all within walking distance!
Owner completely remolded the exterior adding new insulation, siding, NEW WINDOWS, new doors and more. .. Spacious floor plan with 2 bedrooms upstairs as well as 2 bedrooms downstairs. Features a 4 CAR GARAGE!
1st-floor unit is vacant and Seller has not tried to lease this unit, providing options for the Buyer. 2nd-floor tenant is month to month (coming off a year lease). They would like to sign for another year.
Zoned R2, so the potential for a short-term rental business is possible with city permit. Request Offering Memorandum from Broker.
Location
State CA
County Orange
Area N8 - West Newport - Lido
Rooms
Ensuite Laundry In Garage
Interior
Interior Features Balcony
Laundry Location In Garage
Heating Central
Fireplaces Type Family Room
Fireplace Yes
Laundry In Garage
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Utilities Available Electricity Available, Phone Available, Sewer Available, Water Available, Water Connected
View Y/N Yes
View Ocean, Peek-A-Boo
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Cape Cod
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 04508118
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with John Gessford • First Team Estates
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25101 The Old Road Suite 240, Ranch, Ca, 91381, United States