121 45th Street, Newport Beach, CA 92663 (MLS # NP17235714)

Price $1,775,000
Status Active
Beds 0
Baths 0 bath
Home size 2,000 sq ft
Lot Size 2,883 sqft
Days on Market 96
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 floor 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.”
Property Type(s): Residential Income
Last Updated 1/16/2018 Tract Central Newport (CNEW)
Year Built 1972 Community N8 - West Newport - Lido
County Orange

Price History

Prior to Oct 13, '17 $2,090,000
Oct 13, '17 - Nov 28, '17 $1,885,000
Nov 28, '17 - Today $1,775,000

Additional Details

AIR None
APPLIANCES Gas Stove, Gas Water Heater, Refrigerator
AREA N8 - West Newport - Lido
CONSTRUCTION Stucco, Wood Siding
GARAGE Direct Garage Access, Ga, Garage, Garage - Rear Entry
HEAT Wall Heater
HOA DUES 0.00
INTERIOR Balcony, Storage Space
LOT 2883 sq ft
LOT DESCRIPTION Level with Street, Lot Shape-Rectangular, No Landscaping, Paved
POOL DESCRIPTION None
STORIES 2
SUBDIVISION Central Newport (CNEW)
UTILITIES Phone Connected,Sewer Connected,Water Connected
WATER Public
WATERFRONT DESCRIPTION Ocean Side Of Highway 1

Location

 

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Listing provided by : Jan Sachs CalBRE:01964760, Pacific Coast Commercial

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