3515 Seashore Drive, Newport Beach, CA 92663

$4,995,000
List Price
$4,995,000
Status
ACTIVE
MLS#
P1-2767
Year Built
1972
Lot Size
2,204
Acres
0.05
Lot Location
Sprinklers None
Days on Market
24
Property Type
Multifamily
Stories
Two Levels
Builders Tract Code
West Newport Beach
Neighborhood
West Newport Beach

Property Description

This oceanfront duplex is positioned on the sand on one of the most sought after beachfront streets in all of West-Newport Beach. Boasting an amazing corner location, this property has direct access to the boardwalk and is minutes away from local dining, shopping, and entertainment. Both units offer panoramic ocean views and each has it's own outdoor patio. Unit A consists of three bedrooms, two bathrooms, as well as an open kitchen, dining area, and living room which open up to the oceanfront patio. Unit B consists of four bedrooms, three bathrooms as well as an open kitchen, dining area, living room, and two balconies. There is a two car garage and driveway for parking. This is a great opportunity to purchase a move-in ready investment with a strong rental history or a wonderful family beach house.

Additional Information

Tract Number
635.00
Lot Description
Biking, Fishing, Sidewalks, Watersports
Appliances
Dishwasher, Electric Oven, Gas Cooktop, Refrigerator
Pool Description
None
Fireplace Description
None
Heat
Central
Cooling Description
None
View
Ocean
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$178,319
Operating Expense
30000
Unit One Beds
3
Unit One Baths
2
Unit One Garage Spaces
1.00
Unit One Actual Rent
15876.00
Unit One Total Rent
80542.00
Unit One Pro Forma
95000
Unit One Furnished
Partially
Unit Two Beds
4
Unit Two Baths
3
Unit Two Garage Spaces
1.00
Unit Two Actual Rent
19259.00
Unit Two Total Rent
97777.00
Unit Two Furnished
Partially

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Thomas Atamian from COMPASS

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.