Here is an amazing opportunity to create your coastal income-property dream just steps from the sand in West Newport. This duplex features a 3 bedroom 2 bath (one ensuite) unit with vaulted ceilings on the top floor and a 2 bedroom 2 bath (one ensuite) on the first floor. Both units have individual laundry hook-ups and utility metering. There is one water meter for the property. The property is in unfinished condition and is ready for your signature and completion. A huge amount of heavy-lifting and infrastructure has been addressed, including but not limited to: Liquefaction Mitigated slab/foundation.New underground electric service/panels/distribution. Separately metered units.New upsized water meter and service lateral.New plumbing and sewer lines.New gas lines. Separately metered.Single water meter but water lines have been isolated to each separate unit.New tankless water heaters with recirculating lines.New forced air heating.New doors/windows (except for a couple existing windows that had already been replaced.New exhaust fans in all baths.New overhead fire sprinklers throughout.Two EV conduits in garage.All new phone, data, A/V cabling throughout.The most recent permits with the city have expired, so they will either need to be renewed or substituted by the buyer with their changes.Recent appraisal pegs the finished value at nearly $1,000,000 over the asking price. Act quickly!We have a lender who is familiar with the property and may entertain financing the new purchase. Cash or hard-money buyers are encouraged to write as well.
DAYS ON MARKET
|
15
|
LAST UPDATED
|
5/4/2024
|
TRACT
|
West Newport Beach (WSNB)
|
YEAR BUILT
|
1958
|
COMMUNITY
|
West Newport - Lido
|
GARAGE SPACES
|
2.0
|
COUNTY
|
Orange
|
STATUS
|
Conditional
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
AIR |
None |
AREA |
West Newport - Lido |
BUYER'S BROKERAGE COMPENSATION |
0.000 % |
EXTERIOR |
Balcony |
GARAGE |
Garage, Garage Faces Rear, Yes |
HEAT |
Central |
HOA DUES |
0 |
LOT |
2550 sq ft |
LOT DESCRIPTION |
Near Public Transit, Rectangular Lot, Street Level |
PARKING |
Garage,Garage Faces Rear |
POOL DESCRIPTION |
None |
SEWER |
Public Sewer |
STORIES |
2 |
STYLE |
Mid-Century Modern |
SUBDIVISION |
West Newport Beach (WSNB) |
UTILITIES |
Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected |
WATER |
Public |
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Listed with Pacific Sotheby's Int'l Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/17/24 3:28 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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