207 Lugonia Street

    Newport Beach, CA 92663
    • $1,450,000
    • STATUS: Active
    • ON SITE: 180 days
    • ID#: OC18145455
    UPDATED: 67 min ago
    $1,450,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,816
      SQFT
    • $798
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:

    School Ratings & Info

    Description

    Great investment DUPLEX opportunity one block from the beach in the Newport Shores. Own an investment property in a highly desirable area that is walking distance to the SAND. Eat Chow, Alessa's, Spaghetti Blender and Cappy's Cafe are all within walking distance! Owner completely remolded the exterior adding new insulation, siding, NEW WINDOWS, new doors and more. .. Spacious floor plan with 2 bedrooms upstairs as well as 2 bedrooms downstairs. Features a 4 CAR GARAGE! REQUEST OFFERING MEMORANDUM FROM BROKER.This is the lowest priced Duplex in Newport Beach. Zoned R2, so potential short-term rental business w/ City permit.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-16T20:27:09.063. 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. Licensed in the State of California, USA.
    www.impactca.com/homes/84757874

    207 Lugonia Street Newport Beach, CA 92663

    • Price: $1,450,000
    • Status: Active
    • Updated: 67 min ago
    • ID#: OC18145455
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1,816
    SQFT
    $798
    $/SQFT
    1974
    Built
    Neighborhood:
    Lido Island (Lido)
    County:
    Orange
    Area:
    N8 - West Newport - Lido
    Property Description
    Great investment DUPLEX opportunity one block from the beach in the Newport Shores. Own an investment property in a highly desirable area that is walking distance to the SAND. Eat Chow, Alessa's, Spaghetti Blender and Cappy's Cafe are all within walking distance! Owner completely remolded the exterior adding new insulation, siding, NEW WINDOWS, new doors and more. .. Spacious floor plan with 2 bedrooms upstairs as well as 2 bedrooms downstairs. Features a 4 CAR GARAGE! REQUEST OFFERING MEMORANDUM FROM BROKER.This is the lowest priced Duplex in Newport Beach. Zoned R2, so potential short-term rental business w/ City permit.
    Exterior Features

    Architectural Style Cape Cod Garage Spaces 4.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN No View OceanPeek-A-Boo View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Fireplace Features Family Room Fireplace YN Yes Heating Central Furnace Heating YN Yes Interior Features Balcony Laundry Features In Garage Levels Two Room Type Living Room Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.60 Community Features Sidewalks Country Us Electric 220V In Garage Elevation Units Feet Gross Income 71400.00 Gross Scheduled Income 71400.00 Insurance Expense 1067.00 Land Lease YN No Laundry YN Yes Net Operating Income 53423.00 New Construction YN No New Taxes Expense 15250.00 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 Operating Expense 17977.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Lido Island (Lido) Tenant Pays ElectricityGasTelephone Total Actual Rent 32400.00 Total Expenses 17977.00 Trash Expense 600.00 Utilities Electricity AvailablePhone AvailableSewer AvailableWater AvailableWater Connected Water Sewer Expense 1060.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of John Gessford of First Team Estates.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-16T20:27:09.063. 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. Licensed in the State of California, USA.
     
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