115 42nd St
Newport Beach, CA 92663
Multifamily Property For Sale
·
2 Units
Investment Highlights
- JUST STEPS TO BEACH
- OCEAN VIEWS
- EASY TO RENT OUT
- NEW ROOF, ALSO DID TERMITE 3 YEARS AGO
- CLOSE TO PIER AND SHOPPING
- OWNERS PERSONAL HOME AND RENOVATIONS TO SHOW.
Property Facts
| No. Units | 2 | Building Size | 2,602 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2010 |
| Building Class | C | Parking Ratio | 1.15/1,000 SF |
| Lot Size | 0.06 AC |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,602 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2010 |
| Parking Ratio | 1.15/1,000 SF |
About 115 42ND ST , NEWPORT BEACH, CA 92663
This beach house was contructed from the love of the sand and the sea and represents the best side of the beach goers life style. 115 42nd is just steps from the sand and has relaxing ocean views from its balcony. This residential income house is the perfect destination for people to visit from around the world. The upstairs unit a 3 bedroom 2 full bath has a large living room and open faced kitchen to get that afternoon ocean breeze. With it's large vaulted ceilings and bamboo flooring along with its Polynesian style decor you can't help but feel like your on the Islands. Granite counter tops, stainless steel range, and refrigerator and a glass bar helps you feel the luxury of what living in Newport Beach is all about. The balcony view of the ocean is relaxing and detoxifying after you have had a long day. The lower unit is a 3 bedroom 2 full bath room's with the feel that you are staying a luxury hotel. The patio is large and great for BBQ's all year round. The building had 3 enclosed garages parking spots outside washer/dryer hook-ups which are coin-op for additional income. All the units are on yearly leases, and all tenants pay for there own utilities. Please feel free to contact listing agent for more information and to view property.All info per seller and county records
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $4,500 | 2,150 - 2,400 |
Property Taxes
| Parcel Number | 423-023-13 | Improvements Assessment | $133,015 |
| Land Assessment | $2,815,406 | Total Assessment | $2,948,421 |
Property Taxes
