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Key Details
Sold Price $2,800,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,208 sqft
Price per Sqft $1,268
MLS Listing ID NP21110008
Sold Date 06/29/21
Bedrooms 5
Three Quarter Bath 5
HOA Y/N No
Year Built 1948
Lot Size 2,613 Sqft
Acres 0.06
Property Description
Offering bay views from its outstanding location just one block from the water in Newport Beach’s prestigious Peninsula Point neighborhood, this completely remodeled four-plex presents an excellent rental history and an annual gross income of more than $116,000. Eligible for a short-term rental permit, the classic shingle-style Cape Cod building includes a trio of one-bedroom, one-bath designs; a two-bedroom, one-bath unit; and an extra studio or storage room with bathroom. Remodeled in 2012 and showcasing a freshly painted exterior, the property is home to excellent tenants and includes a 35'-wide site with a paver-finished front patio, large side yard, vinyl fencing, a white picket fence in the front yard, a rear-facing two-car garage with adjoining parking space, and a large upstairs sun deck. Noteworthy upgrades include wood-look plank flooring, designer paint, crown molding, ceiling fans, newer windows and doors, mirrored wardrobe doors, fully appointed dine-in kitchens and granite countertops. Act quickly to acquire a very rare legal non-conforming four-plex in highly sought-after Peninsula Point, a playground that is anchored by the world-famous Wedge surf spot and renowned for its mega-million-dollar ocean- and bay-front residences. Shops and restaurants are minutes away, and Balboa Island, Newport Coast, Corona del Mar and Laguna Beach are all nearby.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Rooms
Main Level Bedrooms 5
Ensuite Laundry Common Area, In Garage
Interior
Laundry Location Common Area,In Garage
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area, In Garage
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Fishing, Water Sports
View Y/N Yes
View Bay
Attached Garage No
Total Parking Spaces 2
Private Pool No
Building
Lot Description Level
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 04819106
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Nolan Tooley • Marcus Millichap