$1,845,000
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2,178 Sqft Lot
SOLD DATE : 05/14/2021
Key Details
Sold Price $1,845,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision West Newport Beach
MLS Listing ID V1-5177
Sold Date 05/14/21
HOA Y/N No
Year Built 1937
Lot Size 2,178 Sqft
Acres 0.05
Property Description
For the first time since 1937, this family beach cottage is ready for its next chapter. From its first addition in the 1950s, to the expansion of a second unit in the 1990s, this duplex can allow your family to enjoy the Newport Beach lifestyle while producing rental income - live in one and rent the other. Or simply rent out both units. The next landlord has the unique opportunity to select both tenants and decide the monthly rental amount for each unit. In the back you'll notice rare parking spaces available: two side-by-side garage locations, and two long carport spots to accommodate even a large truck. Wow the alley is wide here. Inside spiraling staircases allow both units direct access to the rooftop. With ample room up top, panoramic views, and even a wet bar, this will be the go-to place each day if you become thirsty on 34th. Priced to reflect the need for renovation in the front unit, turn this investment into something that will speak dollars now and more in the future.
Location
State CA
County Orange
Area N8 - West Newport - Lido
Rooms
Ensuite Laundry In Garage
Interior
Interior Features Wet Bar, Ceiling Fan(s), Ceramic Counters, High Ceilings, Recessed Lighting, Storage, Main Level Master
Laundry Location In Garage
Heating Central, Wall Furnace
Cooling None
Flooring Carpet, Laminate, Vinyl
Fireplaces Type Wood Burning
Fireplace Yes
Appliance Dishwasher, Gas Cooktop, Gas Oven, Gas Water Heater, Microwave, Refrigerator, Dryer, Washer
Laundry In Garage
Exterior
Garage Attached Carport, Door-Multi, Garage, Garage Faces Rear, Side By Side, Storage
Garage Spaces 2.0
Carport Spaces 2
Garage Description 2.0
Fence Wood
Pool None
Community Features Biking, Fishing, Street Lights, Sidewalks, Water Sports
Waterfront Description Beach Access,Ocean Access
View Y/N Yes
View Neighborhood, Ocean, Panoramic
Parking Type Attached Carport, Door-Multi, Garage, Garage Faces Rear, Side By Side, Storage
Total Parking Spaces 4
Private Pool No
Building
Lot Description Sprinklers None
Faces North
Story 2
Entry Level Three Or More
Sewer Public Sewer
Water Public
Architectural Style Cottage, Traditional
Level or Stories Three Or More
Others
Senior Community No
Energy Description 716.0
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Tyler Brown • Compass
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25101 The Old Road Suite 240, Ranch, Ca, 91381, United States