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Listing 12 out of 500
$1,490,000 For Sale

204 David Drive
Newport Beach, CA 92663

2 units | Multi Family Home
2614 sq ft - MLS# OC19006967
Property Photo
1/45

Description

This highly desirable DUPLEX in Newport Beach is a great investment! One block from the beach, and walking distance to several of Newport's iconic restaurants, Cappy's cafe, Spaghetti Bender, Alessa's and Eat Chow. The upper unit is a spacious 3 bedroom, 2 bath open floor plan with vaulted ceilings, living/dining area with fire place, kitchen with ample counter/cabinet space and laundry. and TWO large balconies with ocean, mountains and wetland views. The lower 2 bed, 2 bath unit is updated with laminate floors, ample kitchen, dining and living area, fireplace and a front enclosed patio. The duplex has an OVER Sized 4 CAR GARAGE + additional CAR PORT, a parking spot for each bedroom! Potential condominium conversion and a 3rd floor addition with full ocean view are options. Bonuses include an outside shower, surf and dog beach one block away, bike trails for miles and a playground across the street. For additional income with city permit units can be vacation/short term rental. The location is easy access to both Newport and Huntington as well as quick access to freeways and shopping. Lowest priced duplex in Newport Beach with highest gross income!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 92663
  • Year Built: 1975
  • Subdivision/Neighborhood: Newport West
  • Stories: Two
  • Units: 2 units
  • # of Parking Spaces: 5.00
  • Fireplace: Living Room, Yes
  • Lot Size: 2614 sq ft
  • View: Coastline,Mountain,Panoramic,Water,White Water, Yes
  • Area: N8 - West Newport - Lido
  • Appliances: Dishwasher, Garbage Disposal, Gas Range, Gas Water Heater
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 2025.00
  • Building Area Units: Square Feet
  • Carport Spaces: 1.00
  • Community Features: Preserve/Public Land, Sidewalks, Suburban
  • Country: US
  • Directions: front is located on Highland St, David Dr is private street in rear
  • Electric: Electricity - On Property
  • Flooring: Laminate
  • Foundation Details: Slab
  • Garage Spaces: 4.00
  • Gross Scheduled Income: 79200.00
  • Heating: Forced Air, Fireplace
  • Heating YN: Yes
  • Insurance Expense: 1200.00
  • Interior Features: Balcony, Cathedral-Vaulted Ceilings, High Ceilings (9 Feet+)
  • Laundry Features: Area, Inside
  • Laundry YN: Yes
  • Listing Agent License: 01302448
  • Listing Office License: 01460714
  • Lot Features: Walkstreet
  • Lot Size Area: 2614.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 61600.00
  • New Taxes Expense: 15400.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 176500.00
  • Parking Features: Carport, Covered Parking, Garage - Two Door, Off Street, Tandem Garage
  • Parking YN: Yes
  • Road Frontage Type: City Street
  • Roof: Composition
  • Room Type: Living Room, Main Floor Master Bedroom, Master Suite, Two Masters
  • Sewer: Sewer Paid
  • Total Expenses: 17600.00
  • Trash Expense: 500.00
  • Utilities: Natural Gas Connected, Sewer Connected
  • Water Sewer Expense: 500.00
  • Water Source: Public
  • Window Features: Double Pane Windows
  • Year Built Source: Assessor
Courtesy of Nook Real Estate, Sarah Sitar

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