114 Onyx AVE Newport Beach, CA 92662
Active
$4,000,000
3 Units
7 Beds
5 Baths
2,596 Area(sq.ft.)
2,614 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | Yes | n/a | n/a | $ 130,000 |
| Unit 2 | 1 | 3 | 2 | No | n/a | n/a | $ 66,000 |
| Unit 3 | 1 | 1 | 1 | No | n/a | n/a | $ 36,000 |
| 3 | 3 | 7 | 5 | $ 0 | $ 0 | $ 232,000 |
| MLS #: | NP24186562MR |
| Days On Market: | 79 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,541 |
| Price per unit: | $ 1,333,333 |
| Year Built: | 1959 |
Property Details
ONE (1) ACTIVE TRANSFERABLE SHORT TERM LODGING PERMIT (lower unit) - Introducing an exciting investment opportunity located in the heart of Newport Beach's Balboa Island. This unique property is just steps to quaint Marine Avenue with its array of shops and restaurants, providing a convenient and vibrant lifestyle. Three (3) units in total - two (2) 3 bedrooms with 2 baths each and an upper studio with loft and rooftop access. The lower unit comes with a short-term rental permit, making it an ideal income-generating property. Enjoy breathtaking city and harbor views from the rooftop deck, perfect for entertaining or simply relaxing and taking in the scenery. Don't miss out on this rare opportunity to own a piece of Balboa Island real estate with endless potential.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 11,600 |
| Net Operating Income: | $ 155,440 |
| Actual Gross Rent: | $ 0 |
Structure
| Community Features: | Curbs |
| Sewer: | Public Sewer |
| View Description: | Harbor |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Carport |
Interior
| AC/Cooling: | None |
| Heating: | Central |
| Fireplace Rooms: | Living Room |
| Laundry: | In Carport |
Exterior
| Pool: | No |
| Roof: | Composition |
| Spa: | No |
Detailed Map
Schools
Find a great school for your child
Income
