205 42nd Street

    Newport Beach, CA 92663
    • $1,960,000
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: OC20019714
    UPDATED: 65 min ago
    $1,960,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,552
      SQFT
    • $1,263
      $/SQFT
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    205 42nd Street is a well located duplex investment property located in Newport Beach, California. The asset consists of 2 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 sqft and includes a spacious, private front patio area that+GGs ideal for entertaining. The top unit features a private balcony, provides some ocean views and sprawls out at nearly 700 sqft. 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.This property is in an excellent central Newport Beach location right near major retail, educational, and employment opportunities. The 42nd Street Duplex 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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-27T20:31:17.817. 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 deemed reliable but is not guaranteed accurate by the MLS or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

    www.livelovethefoothills.com/homes/102779784

    205 42nd Street Newport Beach, CA 92663

    • Price: $1,960,000
    • Status: Active
    • Updated: 65 min ago
    • ID#: OC20019714
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1,552
    SQFT
    $1,263
    $/SQFT
    1947
    Built
    Neighborhood:
    Balboa Peninsula (Residential) (Balp)
    County:
    Orange
    Area:
    NP - Balboa Peninsula
    Property Description
    205 42nd Street is a well located duplex investment property located in Newport Beach, California. The asset consists of 2 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 sqft and includes a spacious, private front patio area that+GGs ideal for entertaining. The top unit features a private balcony, provides some ocean views and sprawls out at nearly 700 sqft. 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.This property is in an excellent central Newport Beach location right near major retail, educational, and employment opportunities. The 42nd Street Duplex 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.
    Exterior Features

    Fence YN Yes Fencing Brick Garage Spaces 2.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Acres Parking Features Garage Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved View Ocean View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 775 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Heating Natural Gas Heating YN Yes Laundry Features CommunityDryer IncludedWasher Included Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features BikingCurbsGuttersParkSidewalksStorm DrainsStreet Lights Country Us Electric Expense 80.00 Elevation Units Feet Fuel Expense 600.00 Gross Income 58200.00 Gross Operating Income 56454.00 Gross Scheduled Income 58200.00 Gross Spendable Income 29241.00 Have Duplex | Newport Beach Insurance Expense 2100.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry YN Yes Maintenance Expense 1500.00 Net Operating Income 29241.00 New Construction YN No New Taxes Expense 22093.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number With Dishwasher 2 Number With Disposal 2 Number With Range 2 Operating Expense 27213.00 Pest Control Expense 270.00 Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Balboa Peninsula (Residential) (Balp) Tenant Pays ElectricityGas Total Expenses 27213.00 Trash Expense 270.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 1746 Vacancy Allowance Rate 3.00 Water Sewer Expense 570.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Mark Bridge of Mark Bridge, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-27T20:31:17.817. 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 deemed reliable but is not guaranteed accurate by the MLS or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

     
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    Claremont CA, 91711