Under Contract

Active Under Contract

212 Orange Street

Newport Beach CA, 92663

$2,299,000


$1,168.19 per sqft

Under Contract

Active Under Contract

1,968 sqft

Multi-family

Built in 1974

Listed by Tim Beans with Compass 949-438-4340

**Newport Beach Duplex Opportunity!**Located in the highly sought-after "Newport Shores" community in Southern California, this duplex has been updated in recent years and offers exceptional value. Featuring two beautifully designed units, this property is an ideal investment. The first unit is a 3-bedroom, 2-bathroom space, while the second unit comprises 2 bedrooms and 1 bathroom.
The property includes a 2-car garage, a carport, and shared laundry facilities. Both units boast spacious, open floor plans filled with natural light and a refreshing ocean breeze. The 3-bedroom unit features a large balcony at the back and another at the front, providing ample sunlight and outdoor enjoyment. The 2-bedroom unit has a sliding glass door at the front, offering lots of light and access to cool ocean breezes.
Well-maintained with longstanding tenants, the property offers the following rental details:
- **Lower Unit (A)**: 2 bed / 1 bath updated several years ago, currently rented at $2,800/month (underperforming).
- **Upper Unit (B)**: 3 bed / 2 bath, recently remodeled, currently rented at $3,600/month (underperforming).
This is a fantastic chance to invest in a fully occupied duplex in the desirable "Newport Shores" neighborhood. Tenants will enjoy the Southern California lifestyle, with easy access to beaches, surfing, paddleboarding, boating, and biking.

NP24103569

MLS ID

May 28, 2024

Listed

July 14, 2024

Updated

Map

212 Orange Street
Newport Beach CA, 92663

Interior Features

Total Stories

2


Interior Features

Balcony, Ceiling Fan(s), High Ceilings


Appliances

Gas Cooktop, Gas Oven, Water Heater


Laundry Description

In Garage


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.06 Acres


Lot Features

Corner Lot, Rectangular Lot


Architectual Style

Traditional


Sewer

Public Sewer

Other Property Details

Area Name

N8 - West Newport - Lido


Days on Market

41


Garage

Yes


Garage Spaces

2


Parking

Carport, Garage Faces Rear


Parking Total

4


View

No


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Waterfront

Yes

Listing History

Date

Event

Price

7/8/2024

Under Contract

6/22/2024

Price Change

$2,299,000

-9%

Listing Contact: 949-438-4340 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/14/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 7/14/2024 at 7:00 AM UTC

 

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