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    112 46th Street , A&B

    Newport Beach, CA 92663
    • $2,850,000
    • STATUS: Active
    • ON SITE: 5 days
    • ID#: OC20125495
    New On Site 5 Days Ago
    UPDATED: 48 min ago
    $2,850,000
    • 6
      BEDS
    • 0.08
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,731
      SQFT
    • $1,044
      $/SQFT
    Type:
    Single-Family Home
    Built:
    1962
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    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!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-06T16:31:07.493. 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 or RE/MAX Masters. Licensed in the State of California, USA.

    www.bestlahomefinder.com/homes/107386736
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    112 46th Street , A&B Newport Beach, CA 92663

    • Price: $2,850,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: OC20125495
    6
    Beds
    3
    Baths
    0
    ½ Baths
    0.08
    Acres
    2,731
    SQFT
    $1,044
    $/SQFT
    1962
    Built
    Neighborhood:
    West Newport Beach (Wsnb)
    County:
    Orange
    Area:
    NP - Balboa Peninsula
    Elementary School:
    Newport
    Middle School:
    Horace Ensign
    High School:
    Newport Harbor
    School District:
    Newport Mesa Unified
    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!
    Exterior Features

    Attached Garage YN Yes Carport Spaces 1.00 Construction Materials Stucco Fence YN Yes Fencing Excellent Condition Foundation Details Slab Garage Spaces 2.00 Lot Features No LandscapingPark NearbyValue In Land Lot Size Source Assessor Lot Size Units Square Feet Parking Features Attached CarportGarage Faces RearGarage - Two DoorGarage Door Opener Parking Total 3.00 Parking YN Yes Patio And Porch Features DeckPatio Patio YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View Ocean View YN Yes Waterfront Features Beach Access

    Interior Features

    Appliances BarbecueDishwasherFree-Standing RangeDisposalGas RangeGas Water HeaterIce MakerMicrowaveRefrigeratorVented Exhaust Fan Appliances YN Yes Bathroom Features Walk-In Shower Bathrooms Three Quarter 3 Common Walls No Common Walls Cooling None Cooling YN No Door Features French DoorsMirror Closet Door(S)Panel DoorsSliding Doors Eating Area Dining Room Fireplace Features None Fireplace YN No Flooring Laminate Heating Central Heating YN Yes Interior Features BalconyCeiling Fan(S)Copper Plumbing FullCrown MoldingFurnishedGranite CountersLiving Room BalconyLiving Room Deck AttachedOpen FloorplanRecessed LightingStone CountersStorage Kitchen Features Granite CountersStone Counters Laundry Features Dryer IncludedGas Dryer HookupIndividual RoomWasher HookupWasher Included Levels Two Main Level Bathrooms 1 Main Level Bedrooms 2 Room Type Family RoomKitchen Window Features Double Pane WindowsDrapesScreens

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features Dog ParkFishingHikingParkWatersportsSidewalksStorm DrainsStreet Lights Country Us Electric Standard Elevation Units Feet Inclusions All Vacation Rental FurnitureBeach Toys For Both UnitsAll Appliances. See Attached inventory List Land Lease YN No Laundry YN Yes Lease Considered YN No Living Area Units Square Feet New Construction YN No Number Remotes 2 Property Condition Turnkey Property Sub Type Duplex Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Utilities Cable ConnectedElectricity AvailableNatural Gas AvailablePhone AvailableSewer ConnectedUnderground UtilitiesWater Connected Water Source Public Year Built Source Assessor Zoning R2

    Listing provided courtesy of Brenda Siragusa of Treasure Property Management


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-06T16:31:07.493. 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 or RE/MAX Masters. Licensed in the State of California, USA.

     
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