504 35th Street,  Newport Beach CA, 92663 (Residential Income)

2,870 sqft
Status: Sold
MLS#: NP16074468
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Last Updated: 12/7/2016 2:39 AM
Description for 504 35th Street Newport Beach, CA 92663
PRICE REDUCED $70,000 on this fantastic 7 bedroom, 5 bath duplex in the wonderful Finley Tract, one of the best kept secrets in Newport Beach, only 4 doors from the waterfront. The first floor 3 bedroom/2 bath unit, currently rented below market for $2800 per month (market $3200), is light and bright with an open great room with living area fireplace, eating bar and dining area, plus kitchen with newer gas stove and dishwasher and separate laundry room. The second level 4 bedroom/3 bath unit, also currently rented below market for $3200 per month (market $4300), would be a perfect owner's residence with high beamed great room ceilings, large living area with fireplace and balcony deck with water view, and kitchen with newer stove and dishwasher plus eating bar and separate dining area. The huge master bedroom has its own private bath and fireplace and the unit also has its own laundry room. In addition, one of the bedrooms has its own kitchenette and private stairway and bath that might be locked off to make a separate studio apartment. 35th Street is a quiet street in the middle of this scenic tract, the waterfront is down the street, ocean beaches a short walk, and shops and restaurants are a block away. This is the perfect property for investor or owner user with upside in rents and owner enjoyment!
Price
Sold Price:
$1,750,000
Sold Date:11/14/2016
Orange
2,870 (approx)
NP16074468
Closed
Description
PRICE REDUCED $70,000 on this fantastic 7 bedroom, 5 bath duplex in the wonderful Finley Tract, one of the best kept secrets in Newport Beach, only 4 doors from the waterfront. The first floor 3 bedroom/2 bath unit, currently rented below market for $2800 per month (market $3200), is light and bright with an open great room with living area fireplace, eating bar and dining area, plus kitchen with newer gas stove and dishwasher and separate laundry room. The second level 4 bedroom/3 bath unit, also currently rented below market for $3200 per month (market $4300), would be a perfect owner's residence with high beamed great room ceilings, large living area with fireplace and balcony deck with water view, and kitchen with newer stove and dishwasher plus eating bar and separate dining area. The huge master bedroom has its own private bath and fireplace and the unit also has its own laundry room. In addition, one of the bedrooms has its own kitchenette and private stairway and bath that might be locked off to make a separate studio apartment. 35th Street is a quiet street in the middle of this scenic tract, the waterfront is down the street, ocean beaches a short walk, and shops and restaurants are a block away. This is the perfect property for investor or owner user with upside in rents and owner enjoyment!
Listing Information
Property Type: Cluster, Cottage, 2 Story
0.06 Acres 289,700 sq.ft. 2,870 (approx)
$609.76 1972
Yes- 2 spaces 2
Stucco
2 Total
Neighborhood
Room Information
First Floor Bedroom, Master Suite, 2 Master Suites
Hookups in Closet
Interior Features
Dishwasher, Gas Range/Cooktop
Carpet Wall to Wall, Ceramic Tile
None
Living Room, Master Bedroom, Great Room
Exterior / Lot Features
2 Garage Spaces, 2 Parking Spaces
Stucco
Balcony
None
No Pool
Peek-A-Boo View
30 X 95
Masonry, Vinyl
Sidewalks, Street Lights, Sliding Glass Door, Curbs Walk
Driving Directions
Cross Streets: Finley and 35th
Financial Considerations
42309106
$72,000 Income ,$21,001Expense
Listing Price History

Newport Beach Real Estate

Newport Beach is located in California. Newport Beach, California 92663 has a population of 85,323.

The median household income in Newport Beach, California 92663 is $109,677. The median household income for the surrounding county is $75,566 compared to the national median of $53,046. The median age of people living in Newport Beach 92663 is 43.8 years.

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Courtesy: Abrams Coastal Properties Donald Abrams
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