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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$3,695,000

Est. payment - /mo

2,299 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP25090232

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1965

Lot Size 2,299 Sqft

Property Sub-Type Duplex

Property Description

Vacation rental ready with the City of Newport Beach short-term rental permit, this modern farmhouse property features a 3 bedroom plus den (or 4th bedroom) 3-bathroom front unit and a 3 bedroom, 2 bath back unit. The property has been highly upgraded with white exterior siding, black windows, modern aluminum roofing, front patio and two rooftop decks, making this the perfect investment property. Both units feature light and bright open floor plans and are highlighted with designer finishes throughout including hardwood floors, reclaimed wood wall, barn doors, shiplap and high-end appliances. All bedrooms have spacious closets and there is ample storage throughout the property. Additional features include 2 car garage plus 2 additional parking spaces. Located in a quiet location in the 100 block allows for parking on both sides of the street. Easy access to both the bay and the beach. Close proximity to Lido Marina Village, Lido House Hotel, and all the restaurants and shops of Newport Beach. The property has stellar established gross rental history, with gross income at approximately $200,000. Financials are available upon request. Furniture included in purchase.

Location

State CA

County Orange

Area N8 - West Newport - Lido

Interior

Interior Features Crown Molding, Open Floorplan, Recessed Lighting

Heating Electric

Cooling Electric

Flooring Wood

Fireplaces Type None

Inclusions All furnishings.

Fireplace No

Appliance Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Range Hood

Laundry Common Area, Washer Hookup, Inside, In Garage

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Sidewalks

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

View Canal, City Lights, Water

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 42337502

Acceptable Financing Cash, Conventional, Submit

Listing Terms Cash, Conventional, Submit

Special Listing Condition Standard

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Listed by Jon Dishon Arbor Real Estate 949-632-9967

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312 36th ST Newport Beach, CA 92663