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Charles Roe

BRE #01298418
Orange County, California
Coastal & Luxury Home Specialist
949-370-1311
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Listing 7 out of 369
Sold for $1,400,000 Sold

204 David Drive
Newport Beach, CA 92663

2 units | Multi Family Home
2614 sq ft lot - MLS# OC19006967
Property Photo

Sold

Sold for $1,400,000 on May 2, 2019

Description

This highly desirable DUPLEX in Newport Beach is a great investment! One block from the beach, and walking distance to several of Newport's iconic restaurants, Cappy's cafe, Spaghetti Bender, Alessa's and Eat Chow. The upper unit is a spacious 3 bedroom, 2 bath open floor plan with vaulted ceilings, living/dining area with fire place, kitchen with ample counter/cabinet space and laundry. and TWO large balconies with ocean, mountains and wetland views. The lower 2 bed, 2 bath unit is updated with laminate floors, ample kitchen, dining and living area, fireplace and a front enclosed patio. The duplex has an OVER Sized 4 CAR GARAGE + additional CAR PORT, a parking spot for each bedroom! Potential condominium conversion and a 3rd floor addition with full ocean view are options. Bonuses include an outside shower, surf and dog beach one block away, bike trails for miles and a playground across the street. For additional income with city permit units can be vacation/short term rental. The location is easy access to both Newport and Huntington as well as quick access to freeways and shopping. Lowest priced duplex in Newport Beach with highest gross income!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $1,490,000
  • Zip Code: 92663
  • Year Built: 1975
  • Subdivision/Neighborhood: Newport West
  • Stories: Two
  • Units: 2 units
  • # of Parking Spaces: 5.00
  • Fireplace: Living Room, Yes
  • Lot Size: 2614 sq ft lot
  • View: Coastline,Mountain(s),Panoramic,Water,White Water, Yes
  • Area: N8 - West Newport - Lido
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 2025.00
  • Building Area Units: Square Feet
  • Carport Spaces: 1.00
  • Community Features: Preserve/Public Land, Sidewalks, Suburban
  • Country: US
  • Directions: front is located on Highland St, David Dr is private street in rear
  • Electric: Electricity - On Property
  • Flooring: Laminate
  • Foundation Details: Slab
  • Garage Spaces: 4.00
  • Gross Scheduled Income: 79200.00
  • Heating: Forced Air, Fireplace(s)
  • Heating YN: Yes
  • Insurance Expense: 1200.00
  • Interior Features: Balcony, Cathedral Ceiling(s), High Ceilings
  • Laundry Features: Common Area, Inside
  • Laundry YN: Yes
  • Listing Agent License: 01302448
  • Listing Office License: 01460714
  • Lot Features: Walkstreet
  • Lot Size Area: 2614.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 61600.00
  • New Taxes Expense: 15400.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 176500.00
  • Parking Features: Carport, Covered, Garage - Two Door, Off Street, Tandem Garage
  • Parking YN: Yes
  • Road Frontage Type: City Street
  • Roof: Composition
  • Room Type: Living Room, Main Floor Master Bedroom, Master Suite, Two Masters
  • Selling Agent: Martha Brown
  • Selling Agent License: 01223204
  • Selling Office: California Lifestyle Realty
  • Sewer: Sewer Paid
  • Total Expenses: 17600.00
  • Trash Expense: 500.00
  • Utilities: Natural Gas Connected, Sewer Connected
  • Water Sewer Expense: 500.00
  • Water Source: Public
  • Window Features: Double Pane Windows
  • Year Built Source: Assessor
  • Sold Price: 1400000.00
  • Sold Date: 2019-05-02
Courtesy of Nook Real Estate, Sarah Sitar

Charles Roe
Realty ONE Group, Inc

Phone: 949-370-1311
Email: luxuryrhomes@gmail.com
DRE #01298418

Testimonials

Let me start out with this bit of information, this is our thirteenth residential transaction in Southern California. We have dealt with random agents to personal friends in these transactions. These agents have run the gamut of owners of high profile agencies to new agents in smaller brokers. Of all of these, our favorite has been Charles, a random lucky pick in a search for a new agent. His relaxed, easy going manner belies his professionalism. Easy to get a hold of at all hours, listens to clients desires, discovers properties that matches those desires. Couldn't have chosen better. If and when we purchase or sell again, Charles will be our top choice. Very Happy in Our New Home
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