1554 Orchard Dr

Newport Beach, CA 92660 View Map $1,695,000 Schedule a Tour
Sq.Ft. Lot7,405
Year1962
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Christian Walsh

Christian Walsh

(949) 635-4466
 
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Status: Active
Property Type:Duplex
MLS #:OC24060749
On Site:14 Days
Lot Size:7,405 Sq. Ft.
County:Orange

Listing Agent/Office

Agent:Gary Sully
Office:The Sully Group
Broker Phone:714-404-5252
A rare developer opportunity! This remodeled single story duplex is situated on a flat lot in an excellent location in Newport Beach next to Santa Ana Country Club. Buyer has the option of building 2 units per lot (7405 sq ft). Excellent long term tenants residing in the units currently. Low expenses and good income. RV parking. 1554 Orchard, NB is also for sale on a separate listing. The duplexes are contiguous and are being sold together.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:1554 Orchard Dr, Newport Beach, CA 92660
County:Orange
Zip Code:92660

Architecture

Year Built:1962
Stories:1
Construction Materials: Stucco
Building Area: 1592.0
Number of Buildings: 1
Total Units: 2
Stories Total: 2
Unit 1: 1 Unit • 1 Bed • 1 Bath • $2,650 actual rent • $31,800 total rent • $36,000 pro forma
Unit 2: 1 Unit • 2 Beds • 1 Bath • $2,750 actual rent • $33,000 total rent • $36,000 pro forma
Roof: Composition
Foundation: Slab
Garage Spaces: 2.0

Features / Amenities

Interior Features: AllBedroomsDown, Bedroom on Main Level, Main Level Master, PrimarySuite
Appliances: Dishwasher, Gas Oven, Microwave, Water Heater
Flooring: Vinyl
Laundry: Washer Hookup, Gas Dryer Hookup, Outside
Room Type: Bedroom, PrimaryBathroom, PrimaryBedroom
Entry Level: 1
Entry Location: 1
Window: Double Pane Windows
Common Walls: 1 Common Wall
Parking Features: Asphalt, Driveway Level, Driveway, Garage, RV Access/Parking
Parking Total: 2.0
Cooling: Central Air
Heating: Central

Rooms

Features
Master BedroomPrimarySuite
Master Bedroom
Master BedroomMainLevelPrimary
BedroomAllBedroomsDown
BedroomBedroomonMainLevel
Master Bathroom

Property Features

Lot Size: 0.17 Acres / 7,405 Sq. Ft.
Lot Features: Item25UnitsAcre, Lawn, Level, Yard
Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Available
Sewer: SewerTapPaid
Water: Public
Fencing: Block, Wood
Directions:Mesa Drive and Santa Ana Ave

Tax and Financial Info

Contingency: 1554 Orchard, Newport Beach is contiguous with 1544 Orchard, Newport Beach and is being sold together. No exceptions.
Cap Rate: 3.0
Gross Income: $4,800
Gross Scheduled Income: $64,800
Net Operating Income: $50,600
Gardener Expense: $1,200
Insurance Expense: $1,400
Trash Expense: $1,200
Other Expense: $8,000

Schools

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1554 Orchard Dr Newport Beach,  CA 92660
GO SEE THIS LISTING
1554 Orchard Dr Newport Beach, CA 92660
 
ASAP
Tue
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Apr
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Apr
Thu
18
Apr
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Apr
Sat
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Apr
Choose Your Date -- It's Free, Cancel Anytime
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Based on information from California Regional Multiple Listing Service, Inc. as of April 15, 2024. 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.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.