205 40th ST Newport Beach, CA 92663
Active
$2,900,000
6%
2 Units
5 Beds
5 Baths
2,251 Area(sq.ft.)
2,614 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 3 | No | n/a | n/a | $ 5,500 |
| Unit 2 | 1 | 2 | 2 | No | n/a | n/a | $ 4,000 |
| 2 | 2 | 5 | 5 | $ 0 | $ 0 | $ 9,500 |
| MLS #: | NP25009646MR |
| Days On Market: | 31 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,288 |
| Price per unit: | $ 1,450,000 |
| Year Built: | 1955 |
Property Details
Quintessential Newport Beach home situated conveniently at the entrance to Balboa peninsula, this meticulously maintained duplex features a two story front unit with 3 bedrooms and 2.5 baths, a two car garage and an office/den. The front unit exudes stylish beach living with refinished hardwood floors, remodeled bathrooms, plush new carpet in bedrooms and pristine finishes throughout. The fresh and clean rear unit above the garage has a private separate entrance and offers 2 bedrooms, 2 full baths, a spacious living area, an interior laundry hook up and carport. Renovations completed in the last 5 years include a new underground sewer system for both units, upgraded interior plumbing and new electrical systems with updated panels, switches and outlets. Extensive exterior wood work and painting on windows, doors and stucco as well as a new garage door enhance the property s appeal. Presented in turn key condition, this property is move in ready and is located within the top tier Newport Mesa Unified school district. Although there is excellent rental income potential, this home is ideal for a multi generational family to experience the joys of living just steps from the bay and ocean.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 5,500 |
| Net Operating Income: | $ 0 |
Structure
| Community Features: | Biking, Curbs, Fishing, Park, Watersports, Sidewalks, Storm Drains, Street Lights |
| Security Features: | Carbon Monoxide Detector(s), Smoke Detector |
| Sewer: | Public Sewer |
| View Description: | Ocean, Peek-A-Boo |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Carport, Garage |
Interior
| Cooking Appliances: | Oven-Gas, Range |
| AC/Cooling: | None |
| Equipment: | Dishwasher, Gas Dryer Hookup, In Carport, Inside, Other, Refrigerator, Washer Hookup |
| Heating: | Forced Air, Wall |
| Fireplace Rooms: | Gas, Living Room |
| Laundry: | Gas Dryer Hookup, In Carport, Inside, Other, Washer Hookup |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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