The Bridge Multifamily Team at Cushman & Wakefield is pleased to present this well located duplex investment property located in Newport Beach, California. The asset consists of 2 two-bed and one-bath units located on a corner lot, across from the street from the ocean. The front unit on the main floor is nearly 900 sqft and includes a spacious, private front patio area that’s ideal for entertaining. The top unit features a private balcony, provides some ocean views and sprawls out at nearly 700 sqft. The property has 1 two-car garage, where there are washer and dryer hookups for the tenants and the property is separately metered for gas and electric. Largely in part of the tenant profile, the property has been very well maintained and consequently shows very well.
This property is in an excellent central Newport Beach location right near major retail, educational, and employment opportunities. The 42nd Street Duplex is located in the ideal location on the Newport Beach Peninsula. Since the property is located on the other side of Balboa Boulevard, tenants can easily enjoy the proximity of the beach without any of the commotion. Given the strength of the overall apartment market within the city of Newport Beach, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities.
