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Christian Walsh(949) 635-4466
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On Site:9 Days
Lot Size:2,200 Sq. Ft.
FIRST TIME ON THE MARKET IN 35 YEARS!! Perfect duplex for prime Newport Beach living offers investment potential, rental income and a 1031 exchange opportunity for the savvy buyer. Located in Newport Shores, this steps-to-the sand duplex has it all. There are two separate units, the upstairs has 3 bedrooms and 2 baths, with a 1 bedroom, 1 bath downstairs. Live in one and rent the other, or use both units for in-demand beach income properties minus the HOA fees. Walk to Newport Peninsula, Cannery Village, Lido Marina Village, Pavilions, Lido House Hotel and all the cool coffee spots, bars, and restaurants that define Newport Shores living. Think ocean breezes and ocean views with upstairs private brand-new roof deck and glass sliders bringing the exterior in. Downstairs boasts a patio with French doors for entertaining. Brick fireplaces in both units make for cozy winter nights. Both freshly painted homes have wood beamed vaulted ceilings, double pane windows, sliding glass doors, stainless steel appliances, updated vanities, newer washer/dryer with laminate and tile flooring throughout. Both master bedrooms have convenient en suite baths. In addition, 2 car garage and 2 carport parking spots, located in the desirable Newport Mesa School District.
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Address:203 Cedar Street Newport Beach, CA 92663
Subdivision:Newport Shores (News)
Total Units: 2
Stories Total: 2
Unit 1: 1 Unit•1 Bed•1 Bath•1 Garage•Unfurnished•$2,500 actual rent•$2,500 total rent•$2,500 pro forma
Unit 2: 1 Unit•3 Beds•2 Baths•1 Garage•Unfurnished•$3,500 actual rent•$3,500 total rent•$3,500 pro forma
Basement: All Utilities, Trash Collection, Water
Parking: Attached Carport, Covered, Garage - Two Door
Garage Spaces: 2
Features / Amenities
Floor Material: Laminate, Tile, Wood
Rooms: Great Room, Kitchen, Living Room, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet
Windows: Double Pane Windows
Laundry: Common Area, Outside, Stackable
Common Walls: 1 Common Wall, End Unit
Parking Total: 4
Appliances: Microwave, Refrigerator
Fireplace(s): Living Room
Heating Type: Central
Lot Size: 0.05 Acres / 2,200 Sq. Ft.
Lot Features: 2-5 Units/Acre, Corner Lot, Lot 6500-9999, Park Nearby, Patio Home
View: Neighborhood, Ocean, Peek-A-Boo, Water
Lot Number: 4
Sewer: Public Sewer
Directions:Cross Streets: Corner of PCH and Cedar Street
Tax and Financial Info
Tenant Pays: All Utilities, Trash Collection, Water
Land Lease: No
Gardener Expense: 360.00
Insurance Expense: 1200.00
Pest Expense: 360.00
Total Expenses: 20060.00
Gross Annual Income: 6000.00
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Listing provided courtesy of Breanna Lepante, Douglas Elliman Of California,.
Based on information from California Regional Multiple Listing Service, Inc. as of February 26, 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.