Exceptional opportunity! This fourplex is right on the Newport Bay in a high demand area. The lower-level features two units, each with one bedroom, two baths, and separate patios, while the upper level boasts two units with two bedrooms, two baths, and private balconies. Enjoy two community laundry rooms, two 2-car garages, and two boat docks. Located near Via Lido Village and top-rated restaurants, this prime location provides breathtaking views of the harbor's vibrant activity and stunning sunsets. Additionally, this is a rare opportunity to acquire two contiguous properties, approximately 8,100 sq. ft., on the coveted Newport Beach Via Lido Bayfront—one of the largest opportunities on the bay. The adjacent property 3322 and 3324 are individual condos also listed for sale. Key highlights for both properties include the opportunity to transfer the existing short-term rental permits to new owner, making them a fantastic investment opportunity. Between the two lots, there are a total of four boat docks. Although currently livable, these properties present a rare opportunity for those looking to enhance or develop them.
Home Style:
Contemporary
Property Sub Type:
Apartment
Property Attached:
Yes
Lot Area:
4,432 sq. ft.412 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1954
(Age: 71)
General Listing Location:
Newport Beach, N8 - West Newport - Lido
County Or Parish:
Orange
Tenant Pays:
Cable TV, Electricity, Gas
Common Interest:
Community Apartment
Gross Income:
$343,200
Gross Scheduled Income:
$343,200
Net Operating Income:
$269,069
Rent Control:
Yes
Association Fee:
$0
Land Lease:
No
Cable TV Expense:
$0
Electric Expense:
$2,406
Fuel Expense:
$984
Gardener expense:
360.0
Insurance Expense:
$2,813
Licenses expense:
218.0
Maintenance Expense:
$2,000
Taxes expense:
0.0
Operating Expense:
$11,931
Pest control expense:
$1,200
Professional Management Expense:
$0
Trash Expense:
$0
Water and Sewer Expense:
$1,950
Workmans Compensation Expense:
$0
Tax Lot:
1
Newport Blvd to Via Lido
Floor
Type
Size
Other
-
Kitchen
Measurements not available
-
-
Living Room
Measurements not available
-
View:
Water
Number of Buildings:
1
# of Electric Meters:
4
# of Gas Meters:
4
# of Water Meters:
2
# Units Leased:
4
Community Features:
Curbs, Street Lights, Sidewalks
Senior Community:
No
Exterior Features:
Boat Slip, Dock
Laundry Features:
Common Area
Pool Features:
None
Private Pool:
No
Lot Features:
Level
Waterfront Features:
Bayfront
Fireplace Features:
Living Room, Outside
Subdivision Name:
West Newport Beach (WSNB)
Levels:
Two
Num Stories:
2
Entry Level:
1
Entry Location:
Back/Side
New Constr.:
No
Flooring:
Laminate, Wood
Common Walls:
2+ Common Walls
# Units:
4
Property Condition:
Turnkey
Heating:
Central
Fireplace:
Yes
Cooling:
Central Air
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected