1305 Park Avenue, Newport Beach, CA 92662

$1,450,000
1,129
SqFt
List Price
$1,450,000
Price Change
▼ $45,000 1591858528
Status
ACTIVE UNDER CONTRACT
MLS#
PW20099525
Year Built
1948
Living Sq. Ft
1,129
Lot Size
1,170
Acres
0.0269
Lot Location
Level with Street, Level
Days on Market
32
Property Type
Single Family Residential
Style
Cottage
Property Sub Type
Single Family Residence
Stories
One Level
Builders Tract Code
Balboa Island - Main Island (BALM)
Neighborhood
Balboa Island - Main Island (Balm)

Property Description

Investor Alert! $45,000 PRICE REDUCTION! What better place to invest your money than a high end, high yield location like Newport Beach? This charming, updated beach house has the capability of being a cash cow. It has a prime location on Balboa Island in the heart of the Village. During peak season, it rents for up to $2800/week! It also has over an 85% occupancy rate for a short term rental. Recently rewired, painted and new dual paned windows installed. It is located in the heart of the Village, just a few steps to a myriad of shops and eateries. You are also only a block from the water where you can stroll around the island, watch endless sunsets and catch the boats coming in and out of the harbor. Opportunity is knocking. What are you waiting for? Make sure to look at the virtual tour, also on YouTube!

Additional Information

Tract Number
102
Lot Description
Carbon Monoxide Detector(s), Smoke Detector(s), Biking, Curbs, Sidewalks, Street Lights
Appliances
Free-Standing Range
Pool Description
None
Fireplace Description
None
Heat
Wall Furnace
Cooling Description
None
View
City Lights
Exterior Construction
Metal Siding
Roof
Metal
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Total Number of Units
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Sharon Kaak from Triple Crown Real Estate

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.