125 Onyx Avenue, Newport Beach

$2,799,000

6 Beds
6 Baths
2,600 Sqft
.06 Acres
2 Garages

This one of a kind, oversized duplex located on the 100 block of Onyx just steps away from Marine Ave. is a must see! A perfect income property for 1031 exchange investors & Short Term/Vacation Income generation. Premises includes a total of 6 bedrooms, 6 bathrooms. Each unit consists of 3 bedrooms and 3 baths. Both units have private entrances, and access to a large newly tiled rooftop deck. Upper unit is currently leased for $3900 per month on a long-term basis. Lease is currently on a month-to-month basis. Lower unit is a short-term year-round vacation rental (Income Available upon request). The lower unit displays a remodeled kitchen with granite counters, new cabinets, new appliances, bi-fold French doors that open to the lovely front patio. Both units are mirror images of one another, and both have direct access to the rooftop deck. Bay and city views encompass this 360-degree entertainment deck. The deck makes for the absolute perfect spot to gather with some family and friends to enjoy some sunshine during the day or some drinks in the evening. Each unit also has its own private 1 car garage. Live in one unit and rent out the other to offset any expenses involved. This is the perfect property whether you use it for vacationing or to live and enjoy the Island lifestyle. You are only one street away from Marine Ave., where you will find all the best restaurants and shops that Balboa Island has to offer. Buyer to verify square footage and rental income.

Essential Information
MLS® #NP20009908
Price$2,799,000
Bedrooms6
Bathrooms6.00
Full Baths2
Square Footage2,600
Acres0.06
Year Built1978
TypeResidential
Sub-TypeDuplex
StatusActive
Community Information
Address125 Onyx Avenue
CityNewport Beach
CountyOrange
StateCA
Zip Code92662
Area

Lower Newport Bay - Balboa Island (N9)

Subdivision

Balboa Island - Main Island (BALM)

Amenities
Parking Spaces2
ParkingAssigned, Garage - Rear Entry
# of Garages2
PoolNone
View

Bay View, Bridge View, City Lights View, Coastline View, Harbor View, Neighborhood, Panoramic View, Peek-A-Boo View, See Remarks, Water View, Marina View

Interior
HeatingCentral Furnace
CoolingNone
FireplaceYes
FireplacesLiving Room
# of Stories2
StoriesThree Or More Levels
Interior Features

2 Staircases, Ceiling Fan, Granite Counters, Living Room Balcony, Living Room Deck Attached, Storage Space

Appliances

Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator

Exterior
WindowsDouble Pane Windows
RoofSee Remarks
Lot Description

Front Yard, Park Nearby, Walkstreet

School Information
DistrictNewport Mesa Unified
MiddleCODEMA
HighCODEMA
Additional Information
Date ListedJanuary 15th, 2020
Days on Market137
HOA Fees0.00
Listing Details
AgentArthur Dorr(01899740)
OfficeBalboa Realty
Property History
Price Reduced from $2,950,000 to $2,799,000

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Based on information from California Regional Multiple Listing Service, Inc. as of June 1st, 2020 at 12:51am PDT. 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.

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