Listing provided courtesy of Jan Sachs of Pacific Coast Commercial. Last updated 2018-02-14 10:21:01.000000. Listing information © 2017 Client MLS.
Asking Price: $1,775,000
121 45th Street, Newport Beach CA 92663
This Com-Res Income property was built in and is priced at $1,775,000. Please see the additional details below.
- 0 Sq Ft
- 1 bathrooms
- 2 bedrooms
- MLS#: 170051496
- Type: Com-Res Income
- Year Built:
Fantastic location for this Newport Beach duplex: just 6 homes from the beach and situated at the top of the Balboa Peninsula just off the Lido’s pristine beaches. The property offers great flexibility. As an investment there is SIGNIFICANT UPSIDE to current market rate rents due to long term tenancies. Recent building improvements include new tear-off roof, all new windows, new water heaters, new garage door, newly painted exterior and many more. This is a legal duplex zoned RM (residential multi-family). SHORT TERM rentals (less than 30 days) are permitted upon owner’s completion of application. Or re-imagine it as a single family residence: renovation and new construction abound throughout the neighborhood. Layout details: 1st floor is 2 bed/1 bath; 2nd foorl is 3 bed/1 bath unit. The garage parks 3 cars: 2 tandem and a single space w/large storage room. Newport Beach is “part unspoiled nature, part man-made wonder and part luxury paradise. It enchants every type of visitor to its glowing shores.”
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