312 36th Street, Newport Beach, CA 92663

$3,999,000
List Price
$3,999,000
Price Change
▼ $301,000 1668472949
Status
ACTIVE
MLS#
NP22209785
Year Built
1965
Lot Size
2,300
Acres
0.05
Lot Location
Item01UnitAcre
Days on Market
61
Property Type
Multifamily
Property Sub Type
Duplex
Stories
Two Levels
Neighborhood
Balboa Peninsula (Residential) (Balp)

Property Description

Vacation rental ready with the City of Newport Beach short-term rental permit, this modern farmhouse property features a 3 bedroom plus den (or 4th bedroom) 3-bathroom front unit and a 3 bedroom, 2 bath back unit. The property has been highly upgraded with white exterior siding, black windows, modern aluminum roofing, front patio and two rooftop decks, making this the perfect investment property. Both units feature light and bright open floor plans and are highlighted with designer finishes throughout including hardwood floors, reclaimed wood wall, barn doors, shiplap and high-end appliances. All bedrooms have spacious closets and there is ample storage throughout the property. Additional features include 2 car garage plus 2 additional parking spaces. Located in a quiet location in the 100 block allows for parking on both sides of the street. Easy access to both the bay and the beach. Close proximity to Lido Marina Village, Lido House Hotel, and all the restaurants and shops of Newport Beach. The property has stellar established gross rental history, with gross income at approximately $200,000. Financials are available upon request. Furniture included in purchase.

Additional Information

Appliances
Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Range Hood
Pool Description
None
Heat
Electric
Cooling
Yes
Cooling Description
Electric
View
Canal, City Lights, Water
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Interior Features
Crown Molding, Open Floorplan, Recessed Lighting
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$220,000
Operating Expense
75000

Listing courtesy of Listing Agent: Jon Dishon (jdishon@arborrealestate.com) from Listing Office: Arbor Real Estate.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.