Water Views
Address
112 46th Street Newport Beach, CA
Price
$ 2,850,000
Property Attributes
  • MLS#OC20126378
  • TypeIncome
  • CountyORANGE
  • CityNewport Beach
  • AreaBalboa Peninsula
  • NeighborhoodWest Newport Beach
  • Zip92663
  • Style
  • Price$ 2,850,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2731
  • Lot Size3,485 SqFt
Listing Provided Courtesy Of:
Brenda Siragusa with Treasure Property Management.
Property Description

RARE on the Market! A Multi-unit property located in a PRIME location as one of the largest zoned lots on the peninsula, only 2 houses from the beach on the 100 Block on the Balboa Peninsula of Newport Beach. Just steps to the Surf & Sand, restaurants, piers, entertainment, parks, trails and shopping. This property has been recently improved with a new composition roof, new front balcony deck, fresh exterior and interior paint, new copper plumbing throughout and many more cosmetic improvements. The upper unit features 4 bedroom/2 bathrooms with a peek a boo view of the ocean/Catalina Island from the new balcony deck. This unit also has a 2nd balcony deck off of the back bedroom. The lower unit is a 2 bedroom / 1 bathroom with an extra large patio of approximately 675 sq ft. that is great for entertaining. With the large lot, it accommodates parking for 4 cars (2 car garage, 1 carport and an extra parking spot outside the garages). This duplex is currently zoned and permitted for Short Term Rental with a successful history of 20 plus years of returning guests. This treasure generates an average of $150,000/yr gross revenue. It has many options for a new buyer to either live in one unit and rent the other; take advantage of the successful turn key Short Term Rental; or rezone as a single family home and rebuild to your liking. The opportunities are many! A MUST SEE!

Price History
6/30/2020 Listed $2,850,000

General Features

Accessibility Parking
Assessments Buyer to Verify
Attached Structure Detached
Community Features Biking, Dog Park, Fishing, Hiking, Park, Watersports, Sidewalks, Storm Drains, Street Lights
Directions Take Balboa Blvd from PCH. Turn right at 46th. Duplex is located 2 houses from the end of the street at Seashore on the left.
Flooring Carpet, Laminate
HOA Fee 0.00
Levels Two
Listagentaor Orange County
Listing Agent Brenda Siragusa - BRE#01858513
Listing Agent State License 01858513
MLS Area NP - Balboa Peninsula
Number of Units Leased 2
Price Per Square Foot 1043.57
PropertyCondition Turnkey
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Source System CRMLS
Spa Features None
Special Listing Conditions Standard
Subdivision Name West Newport Beach (WSNB)
Subdivision Name West Newport Beach (WSNB)
Total Units 2
Zoning R2

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Appliances Dishwasher, Free-Standing Range, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator
Appliances Y/N Yes
Common Walls No Common Walls
Cooling None
Dishwasher Count 2
Fireplace Features None
Garbage Disposal Count 2
Heating Central
Heating Y/N Yes
Interior Features Copper Plumbing Full, Crown Molding, Furnished, Granite Counters, Living Room Deck Attached, Open Floorplan, Stone Counters
Laundry Features Individual Room, Outside
Laundry Y/N Yes
Numberwithcarpet 1
Range Count 2
Refrigerator Count 2
Room Type Family Room, Kitchen, Laundry
Studio Area Unit Type Square Feet
Total Stories 2
Utilities Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Window Features Double Pane Windows
Windows with Drapes 2

Exterior Features

Building Area Total 2731.00
Carport Spaces 1.00
Construction Materials Stucco
Door Features French Doors, Mirror Closet Door(s), Panel Doors, Sliding Doors
Exterior Features Barbecue Private
Fence Y/N Yes
Fencing Good Condition, Stone, Wood
Foundation Details Slab
Garage Spaces 2.00
Lot Features Park Nearby, Value In Land
Lot Size Acres 0.0800
Lot Size Area 3485.0000
Lot Size Source Assessor
Lot Size Square Feet 3485.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 1
Number of Separate Gas Meters 2
Number of Separate Water Meters 1
Numberofrentedgarages 2
Parking Features Attached Carport, Garage Faces Rear, Garage - Two Door, Garage Door Opener
Parking Y/N Yes
Patio Count 2
Pool Features None
Road Frontage Type City Street
Road Surface Type Paved
Roof Composition
Sewer Public Sewer
Total Parking 4.00
Uncovered Spaces 1.00
View Ocean
Water Source Public
Waterfront Features Beach Access

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92663

Price
AVG $3.36M
$2.85M
Visits
AVG 54
8
Year Built
AVG 1958
1962

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