5119 River Avenue, Newport Beach, CA 92663

$2,250,000
5
BD
4
BA
2,934
SqFt
List Price
$2,250,000
Status
ACTIVE
MLS#
LG18227851
Year Built
1963
Bedrooms
5
Bathrooms
4
Living Sq. Ft
2,934
Lot Size
2,762
Lot Location
0-1 Unit/Acre, Front Yard, Landscaped
Days on Market
85
Property Type
Single Family Residential
Style
Contemporary, Modern
Property Sub Type
Single Family Residence
Stories
Two Level
Neighborhood
Lido Peninsula (Lipn)

Property Description

Price just reduced! This is the first time this property has been on the market in 35 years! Property is located 3 houses from the beach. Don't miss this over-sized beach-close duplex with a 2 car garage and a driveway allowing for lots of parking. The two units are stacked, one on the first floor and one on the second floor. The downstairs unit has 2 bedrooms and 2 baths, it has some improvements throughout and has been remodelled. The kitchen is open to the living and dining area making for a modern floorplan. There is a sliding door that opens to a yard in the back. The upstairs is a model match for the downstairs except it has one more extra large bedroom over the garage. The 3rd bedroom is large enough to make a 3rd unit as a studio apartment (with the city's permission of course) and has a separate entrance. The downstairs unit is currently vacant, the upstairs is rented yearly on a month to month lease, keep it that way for steady income or go for the big money with weekly rentals! Don't miss this opportunity!!! 5119river.com

Additional Information

Tract Number
670
Association Amenities
Other
Lot Description
Carbon Monoxide Detector(s), Smoke Detector, Curbs, Sidewalks, Street Lighting
Kitchen Features
Kitchen Open to Family Room, Tile Counters
Appliances
Electric Oven, Electric Stove, Garbage Disposal, Range/Stove Hood
Pool Description
None
Fireplace Description
None
Heat
Radiant
Cooling Description
None
View
Ocean
Roof
Shingle
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
School District
Newport Mesa Unified
Elementary School
Whitti
Middle School
Horens
High School
Newhar
Attached Structure
Attached

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Sean Jarne from First Team Estates

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.