$1,560,000
$1,649,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
3,200 SqFt
SOLD DATE : 06/16/2019
Key Details
Sold Price $1,560,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $487
Subdivision Newport Heights (Newh)
MLS Listing ID NP19122570
Sold Date 06/16/19
Bedrooms 6
Full Baths 2
Three Quarter Bath 2
HOA Y/N No
Year Built 1973
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Opportunity is knocking in Newport Heights! Buy this to live in or tear it down and build 2 homes all with separate addresses. Build 2 homes on this RARE street to street lot, or keep the large Duplex that currently exists. The R-2 zoned lot stretches from Catalina Drive up to La Jolla Drive. The existing Duplex has (2) 3 bedroom, 2 bath homes with a 3 car garage and large yard. The duplex is currently occupied on month to month leases with good rental income, until ready to build. Located in the coveted Newport Heights community and walking distance to the Beach, A Market, plenty of restaurants, bars, Starbucks and Parks! For the savvy investor, this is also a great 1031 exchange opportunity in an area that yields high rental income. Short-Term Lodging is allowed subject to zoning compliance, but there is not currently an active permit.(check with the City of Newport Beach). This home is close to great schools including Newport Heights Elementary, Ensign Middle School and Newport Harbor High school. This home is priced to sell, do not miss out. Agent is part owner. Buyer to verify Square footage.
Location
State CA
County Orange
Area N6 - Newport Heights
Rooms
Main Level Bedrooms 3
Ensuite Laundry InGarage
Interior
Laundry Location InGarage
Cooling None
Fireplaces Type LivingRoom
Fireplace Yes
Laundry InGarage
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Urban
Utilities Available SewerAvailable, SewerConnected
View Y/N Yes
View Catalina, CityLights, Coastline
Attached Garage No
Total Parking Spaces 6
Private Pool No
Building
Lot Description Item01UnitAcre
Story 2
Entry Level Two
Sewer PublicSewer
Water Public
Level or Stories Two
New Construction No
Schools
Elementary Schools Newport Heights
Middle Schools Ensign
High Schools Newport Harbor
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 42538220
Acceptable Financing Cash, CashtoNewLoan, Conventional, Submit
Listing Terms Cash, CashtoNewLoan, Conventional, Submit
Financing Cash
Special Listing Condition Standard
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Bought with Antony Shaw • Seaside Realty and Investment
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "