205 42nd Street, Newport Beach

$1,800,000

0 Beds
0 Baths
1,552 Sqft
.06 Acres
2 Garages

Potential Seller Financing. This Legacy Property and 'A' Location Duplex is located in Newport Beach, California. The asset consists of 100% two-bed and one-bath units located on a corner lot, across from the street from the ocean. The front unit on the main floor is nearly 900 sq ft and includes a spacious, private front patio area that’s ideal for entertaining. The top unit features a private balcony, provides some ocean views and sprawls out at nearly 700 sq ft. The property has 1 two-car garage, where there are washer and dryer hookups for the tenants and the property is separately metered for gas and electric. Largely in part of the tenant profile, the property has been very well maintained and consequently shows very well. One Unit was built in 1947, and the other unit was added in 2002.

This property is in an excellent central Newport Beach location. 42nd St is located in the ideal location on the Newport Beach Peninsula. Since the property is located on the other side of Balboa Boulevard, tenants can easily enjoy the proximity of the beach without any of the commotion. Given the strength of the overall apartment market within the city of Newport Beach, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities.

A Buyer can move into 1 unit according to AB 1482 and ask tenant to leave. Rents are below market.

Essential Information
MLS® #OC20019714
Price$1,800,000
Bathrooms0.00
Square Footage1,552
Acres0.06
Year Built2002
TypeResidential Income
StatusActive
Community Information
Address205 42nd Street
AreaBalboa Peninsula (NP)
CityNewport Beach
CountyOrange
StateCA
Zip Code92663
Subdivision

Balboa Peninsula (Residential) (BALP)

Amenities
Parking Spaces2
# of Garages2
Interior
HeatingNatural Gas
# of Stories2
StoriesTwo
Exterior
Lot Description2-5 Units/Acre
Additional Information
Date ListedJanuary 29th, 2020
Days on Market86
Listing Details
AgentMark Bridge(01316702)
OfficeMark Bridge, Broker
Property History
Price Reduced from $1,960,000 to $1,800,000

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Based on information from California Regional Multiple Listing Service, Inc. as of June 1st, 2020 at 12:31pm 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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