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Listing 7 out of 13
Sold for $4,600,000 Sold

2110 W Oceanfront
Newport Beach, CA 92663

4 units | Multi Family Home
3920 sq ft lot - MLS# OC18239412
Property Photo

Sold

Sold for $4,600,000 on Jul 1, 2019

Description

AN OCEANFRONT MULTI USE PROPERTY WITH SOLID STEADY INCOME ALL YEAR ROUND. THIS PROPERTY IS ON THE OCEANFRONT AND THE VIEWS ARE BEYOND INCREDIBLE. TWO RESIDENTIAL UNITS UPSTAIRS EACH W/3 BEDS, 2 BATHS, SHARED LAUNDRY AREA, FRONT AND REAR STAIR CASE AND COMMUNITY PATIO AREA. DOWNSTAIRS ARE BOTH LONG TERM RETAILERS W/LONG TERM ESTABLISHED TENANCY. LEASES WILL BE RENEGOTIATED NEXT YEAR. ALL UNITS ARE BELOW MARKET. THE POTENTIAL IS INCREDIBLE. PROPERTY WAS RENOVATED 15 YEARS AGO AND CAN USE A COSMETIC FACELIFT. 4 PARKING SPACES INCLUDING ONE GARAGE AND ALSO LARGE STORAGE AREA. POTENTIAL FOR VACATION RENTAL INCOME. SEE THE SUNSETS, CATALINA AND CRASHING WAVES DIRECTLY IN FRONT OF YOU.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $5,295,000
  • Zip Code: 92663
  • Year Built: 1925
  • Subdivision/Neighborhood: West Newport Beach (Wsnb)
  • Style: English
  • Stories: Two
  • Units: 4 units
  • # of Parking Spaces: 4.00
  • Fireplace: See Remarks, Yes
  • Lot Size: 3920 sq ft lot
  • View: Catalina,Ocean,Panoramic,Pier,Water,White Water, Yes
  • Waterfront: See Waterfront Details
  • Area: N8 - West Newport - Lido
  • Appliances: Dishwasher, Disposal, Gas Range
  • Appliances YN: Yes
  • Average 1 Bed Area: 1200
  • Average 2 Bed Area: 1200
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 4500.00
  • Building Area Units: Square Feet
  • Carport Spaces: 2.00
  • Common Walls: 2+ Common Walls
  • Community Features: Gutters, Sidewalks
  • Construction Materials: Stucco
  • Cooling: Central Air
  • Cooling YN: Yes
  • Country: US
  • Directions: NEWPORT BLVD at PIER
  • Door Features: Sliding Doors
  • Exterior Features: Rain Gutters
  • Foundation Details: Slab
  • Garage Spaces: 1.00
  • Gross Scheduled Income: 216000.00
  • Heating: Central
  • Heating YN: Yes
  • Insurance Expense: 1800.00
  • Interior Features: 2 Staircases, Storage
  • Laundry Features: Community
  • Laundry YN: Yes
  • Listing Agent License: 01083876
  • Listing Office License: 01886304
  • Lot Features: 11-15 Units/Acre, Level with Street, Level, Near Public Transit, Value In Land
  • Lot Size Area: 3920.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 209000.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Operating Expense: 1000.00
  • Other Structures: Storage
  • Parking Features: Assigned
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Roof: Flat
  • Room Type: All Bedrooms Up, Kitchen, Laundry, Master Bedroom
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Selling Agent: Glenda Farrell
  • Selling Agent License: 01083876
  • Selling Office: Re/Max Fine Homes
  • Selling Office License: 01886304
  • Sewer: Public Sewer
  • Stories Total: 1
  • Total Actual Rent: 19000.00
  • Total Expenses: 1800.00
  • Uncovered Spaces: 1.00
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Waterfront Details: Beach Access,Beach Front,Marina in Community,Ocean Access,Ocean Front,Ocean Side Of Highway 1,Sea Front
  • Window Features: ENERGY STAR Qualified Windows, Screens
  • Year Built Source: Assessor
  • Sold Date: 2019-07-01
  • Sold Price: 4600000.00
Courtesy of Re/Max Fine Homes, Glenda Farrell

Agent Mary Lou Skowronski
Mary Lou Skowronski DRE: 01398486 / Broker DRE: 01317331
Berkshire Hathaway HomeServices California Properties
1400 Newport Center Drive, #200 - Newport Beach, CA 92660

© “2018” BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate,and a franchisee of  BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of  America, Inc.® Equal Housing Opportunity. Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC.  BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property,  Information obtained from various sources and will not be verified by broker or MLS. 

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Designations Ranks Agent Mary Lou Skowronski in the
Top 7% of Realtors Nationwide!
NABPOP BPO Certified Property Valuator, CPRES Certified Probate/Trust Real Estate Specialist, Investor Certified Realtor, ePRO – Internet Marketing Professional, 
Luxury Property Specialist, AREAA – Asian Real Estate Association of America, Designer and Accredited Home Staging Specialist,
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