8 Beds
7 Baths
3,500 SqFt
8 Beds
7 Baths
3,500 SqFt
Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $1,485
MLS Listing ID NP25056815
Style Townhome
Bedrooms 8
Full Baths 5
Half Baths 2
HOA Y/N No
Year Built 2020
Lot Size 2,352 Sqft
Acres 0.054
Property Sub-Type Townhome
Property Description
Rare Investment Opportunity in Newport Beach Seller Financing Available This is your chance to secure a premier coastal asset with immediate cash flow and flexible terms! Take control of this prime duplex with just a $1.5M non-refundable deposit and 4% interest-only for 12 months. Buyer receives all rental incomeapprox. $260K per yearto offset holding costs. A $3.7M balloon payment is due at the end of the first year. Immediate cash flow and full operational control from day one! Built in 2020 and fully furnished, this eight bedroom, seven bathroom property sits at the top of the Balboa Peninsula, just moments from the beach. It includes two transferable short-term rental permits and a strong income history. The rear unit offers five bedrooms and three-and-one-half baths, garage access, a bonus room, and a rooftop deck with ocean and city views. The front unit features three bedrooms, two-and-one-half bathrooms, and a charming porch on 32nd Street. With central air conditioning, premium finishes, and parking for four, this turn-key property is just a short stroll to Lido Marina Village, top restaurants, the bayfront, and more. Embrace this rare low-entry opportunity to live the coastal lifestyle or own a high-performing rental asset in one of Southern Californias most desirable markets.
Location
State CA
County Orange
Area Oc - Newport Beach (92663)
Interior
Interior Features Granite Counters, Recessed Lighting, Stone Counters, Furnished
Cooling Zoned Area(s), Electric
Flooring Linoleum/Vinyl
Equipment Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Gas Range
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Gas Range
Laundry Inside
Exterior
Parking Features Direct Garage Access
Garage Spaces 2.0
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Mountains/Hills, City Lights
Total Parking Spaces 4
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 1-3999 SF
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories 3 Story
Others
Monthly Total Fees $43
Miscellaneous Storm Drains
Acceptable Financing Cash To New Loan
Listing Terms Cash To New Loan
Special Listing Condition Standard
