$1,800,000 - 205 42nd Street, Newport Beach

  • 0Beds
  • Baths
  • 1,552SQ. Feet
  • 0.06Acres

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’s 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. One Unit was built in 1947, and the other unit was added in 2002. 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. * 8% Rent Increase Effective 5/1/20.

Sales Agent

Sam SmithLaguna Beach Realtors ®Phone: 949-355-1622Cell: 949-355-1622Contact Agent Now

Essential Information

  • MLS® #:OC20019714
  • Price:$1,800,000
  • Bathrooms:0.00
  • Square Footage:1,552
  • Acres:0.06
  • Year Built:2002
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:205 42nd Street
  • Area:Balboa Peninsula (NP)
  • Subdivision:Balboa Peninsula (Residential) (BALP)
  • City:Newport Beach
  • County:Orange
  • State:CA
  • Zip Code:92663

Amenities

  • Parking Spaces:2
  • # of Garages:2

Interior

  • Heating:Natural Gas
  • # of Stories:2
  • Stories:Two

Exterior

  • Lot Description:2-5 Units/Acre

Additional Information

  • Date Listed:January 29th, 2020
  • Days on Market:58

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Provided By: Mark Bridge(01316702), Mark Bridge, Broker.

Based on information from California Regional Multiple Listing Service, Inc. as of March 28th, 2020 at 1:56am PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.