Sq.Ft. Lot2,200
Year1975
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Christian Walsh
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Status:
Active
Property Type:Duplex
MLS #:NP21032695
On Site:9 Days
Lot Size:2,200 Sq. Ft.
County:Orange
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.
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Community Information
Address:203 Cedar Street Newport Beach, CA 92663
County:Orange
City:Newport Beach
Subdivision:Newport Shores (News)
Zip Code:92663
Architecture
Year Built:1975
Stories:Two
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
Property Features
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
Water: Public
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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203 Cedar Street Newport Beach, CA 92663
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Listing provided courtesy of Breanna Lepante, Douglas Elliman Of California,.
