2202 W Oceanfront

Newport Beach, CA 92663 View Map $4,495,000 Schedule a Tour
Sq.Ft. Lot3,049
Year1961
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Christian Walsh

Christian Walsh

(949) 635-4466
 
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Status: Active
Property Type:Quadruplex
MLS #:NP20182603
On Site:126 Days
Lot Size:3,049 Sq. Ft.
County:Orange
Situated directly in front of Blackies surf break with views of the Newport Pier, crashing waves, and Catalina Island, this oceanfront quadruplex with garage parking for 4-cars presents a rare investment opportunity for stable, long-term income as well as short-term lodging income. Thoughtfully designed, the beautiful upper units, (1) 2BR/2BA and (1) 1BR/1BA, can be combined for a 3BR/2BA unit to accommodate larger groups and earn premium rates. Fit with quality stainless steel appliances, a marble fireplace, cherry-wood cabinets, teak flooring and voluminous ceilings, the ocean-facing upper unit is an attractive residence for a homeowner or luxury vacationers alike. A spacious sundeck with built-in barbecue and bar-top offers the coveted indoor-outdoor lifestyle and a private retreat to watch passerby, sunsets, and surfers challenging the waves. Each upper unit comes with in-unit laundry and has been recently refurnished (2020), painted, and permitted for short-term lodging, while the (2) 1BR/1BA lower units share laundry in the garage and showcase new vinyl flooring. Additional highlights include one new garage door and track as well as a gated courtyard entry. Given its highly desirable location and luxe accommodations at the center of Newport's cultural attractions, the income potential for this performing asset reveal a sound investment.

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$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:2202 W Oceanfront Newport Beach, CA 92663
County:Orange
Zip Code:92663

Architecture

Year Built:1961
Stories:Two
Total Units: 4
Stories Total: 2
Unit 1: 1 Unit•1 Bed•1 Bath•1 Garage•Unfurnished•$2,100 actual rent•$25,200 total rent•$32,400 pro forma
Unit 2: 1 Unit•1 Bed•1 Bath•1 Garage•Unfurnished•$2,350 actual rent•$28,200 total rent•$32,400 pro forma
Unit 3: 1 Unit•2 Beds•2 Baths•1 Garage•Furnished•$5,400 actual rent•$64,800 total rent•$79,300 pro forma
Unit 4: 1 Unit•1 Bed•1 Bath•1 Garage•Furnished•$2,900 actual rent•$34,800 total rent•$53,250 pro forma
Parking: Garage
Garage Spaces: 4

Features / Amenities

Floor Material: Carpet, Tile, Vinyl, Wood
Interior: Balcony, High Ceilings
Rooms: Entry, Kitchen, Living Room, Main Floor Bedroom
Windows: Blinds, Double Pane Windows
Laundry: In Closet, In Garage, Inside, Stackable
Common Walls: No Common Walls
Parking Total: 4
Appliances: Dishwasher, Freezer, Gas Range, Gas Cooktop, Microwave, Range Hood, Refrigerator
Fireplace(s): Living Room
Cooling Type: Wall/Window Unit(s)

Property Features

Lot Size: 0.07 Acres / 3,049 Sq. Ft.
Lot Features: Landscaped
Waterfront Features: Across the Road from Lake/Ocean
View: Catalina, Coastline, Ocean, Water, White Water
Lot Number: 2
Sewer: Public Sewer
Water: Public
Directions:Oceanfront & 22nd Street

Tax and Financial Info

Land Lease: No
Electric Expense: 1250.00
Gardener Expense: 960.00
Insurance Expense: 2800.00
Water / Sewer Expense: 1100.00
Other Expense: 4707.00
Total Expenses: 60878.00
Gross Annual Income: 149400.00

Schools

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2202 W Oceanfront Newport Beach, CA 92663
GO SEE THIS LISTING
2202 W Oceanfront Newport Beach, CA 92663
 
ASAP
Thu
22
Apr
Fri
23
Apr
Sat
24
Apr
Sun
25
Apr
Mon
26
Apr
Tue
27
Apr
Wed
28
Apr
Choose Your Date -- It's Free, Cancel Anytime
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Listing provided courtesy of Tim Smith, Coldwell Banker Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of April 21, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.