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Key Details
Sold Price $3,175,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $1,133
MLS Listing ID NP21065269
Sold Date 07/02/21
Bedrooms 8
Full Baths 8
Construction Status Repairs Cosmetic,Termite Clearance
HOA Y/N No
Year Built 1963
Lot Size 3,484 Sqft
Acres 0.08
Property Description
INCREDIBLE 8 BEDROOM 8 BATH with active Short Term Lodging Permits. Well located in the desirable Seashore Drive area of West Newport, this large Oceanaire duplex offers 5 bedrooms upstairs and 3 bedrooms downstairs on a huge lot in the heart of Newport Beach's classic vacation rental district.
This property is ideal for anyone looking to capitalize on an already profitable vacation rental investment property. Pro forma by Seabreeze Vacation Rentals indicates higher income potential than currently being realized, and still more is possible with property upgrades. This is a great opportunity for investors looking to add to their vacation rental or long term portfolio.
Location
State CA
County Orange
Area N8 - West Newport - Lido
Rooms
Main Level Bedrooms 3
Ensuite Laundry Washer Hookup, Gas Dryer Hookup
Interior
Interior Features Balcony, Storage
Laundry Location Washer Hookup,Gas Dryer Hookup
Heating Forced Air
Cooling None
Flooring Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Freezer, Gas Cooktop, Disposal, Gas Oven, Microwave
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Covered, Carport
Garage Spaces 3.0
Carport Spaces 3
Garage Description 3.0
Fence None
Pool None
Community Features Biking, Gutter(s), Street Lights, Sidewalks, Water Sports
Waterfront Description Beach Access
View Y/N Yes
View Peek-A-Boo
Roof Type See Remarks
Accessibility Other, See Remarks
Porch Concrete, Open, Patio
Parking Type Covered, Carport
Attached Garage No
Total Parking Spaces 6
Private Pool No
Building
Lot Description Rectangular Lot
Faces West
Story Two
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Repairs Cosmetic,Termite Clearance
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 42446407
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with QIN ZHOU • KINGSTON REALTY