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121 45th Street

Newport Beach, CA 92663

$2,999,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $1,289 / sqft

1958

calendar_month Built

Property Description

Here is an amazing opportunity to create your coastal income-property dream just steps from the sand in West Newport. This duplex features a 3 bedroom 2 bath (one ensuite) unit with vaulted ceilings on the top floor and a 2 bedroom 2 bath (one ensuite) on the first floor. Both units have individual laundry hook-ups and utility metering. There is one water meter for the property. The property is in unfinished condition and is ready for your signature and completion. A huge amount of heavy-lifting and infrastructure has been addressed, including but not limited to: Liquefaction Mitigated slab/foundation. New underground electric service/panels/distribution. Separately metered units. New upsized water meter and service lateral. New plumbing and sewer lines. New gas lines. Separately metered. Single water meter but water lines have been isolated to each separate unit. New tankless water heaters with recirculating lines. New forced air heating. New doors/windows (except for a couple existing windows that had already been replaced. New exhaust fans in all baths. New overhead fire sprinklers throughout. Two EV conduits in garage. All new phone, data, A/V cabling throughout. The most recent permits with the city have expired, so they will either need to be renewed or substituted by the buyer with their changes. Recent appraisal pegs the finished value at nearly $1,000,000 over the asking price. Act quickly! We have a lender who is familiar with the property and may entertain financing the new purchase. Cash or hard-money buyers are encouraged to write as well.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Fireplace Information
Features None
Interior Information
Cooling Type None

Listing Information

Address 121 45th Street
City Newport Beach
State CA
Zip 92663
County Orange
Listing Agent Dominic Tucci DRE#01506188
Courtesy Of Pacific Sotheby's Int'l Realty
MLS OC24087408
List Price $2,999,000
Status Active Under Contract
Type Residential Income
Subtype Duplex
Structure Size N/A
Lot Size 2,550
Year Built 1958
DOM 4

Exterior Information

Maps

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Listing information courtesy of: Dominic Tucci, Pacific Sotheby's Int'l Realty . *Based on information from the Association of REALTORS/Multiple Listing as of May 4th, 2024 at 6:44 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.