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Magnum Realty Services

Mark E. Cestaric
Real Estate Broker
714-606-9491
MarkeCestaric@gmail.com
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DRE#: 009883926

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Listing 12 out of 20
$2,980,000 For Sale

6503 Seashore Drive
Newport Beach, CA 92663

2 units | Multi Family Home
3485 sq ft lot - MLS# NP19158179
Property Photo
1/43

Description

Boasting a nearly 3,500 square foot lot and ocean views, approximately 100 feet from the sands of the Pacific Ocean, this West Newport Beach duplex is a hidden gem for those wanting the beach lifestyle away from the overloaded tourist hubs. Zoned R2 and approved for short-term rentals, this prime duplex - currently featuring two, two-bedroom and two-bathroom units, one with an ocean view - has endless options... keep as-is and rent one or both units for income (short-term rentals for added profits or long-term rentals for reduced turnover and increased stability); live in one, rent the other; remodel both for added income or living comfort; or, perhaps the most advantageous opportunity with this extensive lot - build an enormous new duplex or astounding single-family home. The possibilities are truly endless. In addition to direct beach access mere paces away, enjoy nearby parks, restaurants, walking, biking, shopping and everything Newport Beach has to offer.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 92663
  • Year Built: 1951
  • Subdivision/Neighborhood: West Newport Beach (Wsnb)
  • Stories: Two
  • Units: 2 units
  • # of Parking Spaces: 6.00
  • Lot Size: 3485 sq ft lot
  • Area: N8 - West Newport - Lido
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 1920.00
  • Building Area Units: Square Feet
  • Co-Listing Agent License: 02015514
  • Co-Listing Office License: 01925726
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Street Lights, Suburban
  • Country: US
  • Directions: From PCH, enter via Prospect, turn right (north) onto Seashore, property will be on left
  • Garage Spaces: 4.00
  • Gross Income: 70000.00
  • Gross Scheduled Income: 75600.00
  • Insurance Expense: 2000.00
  • Laundry Features: See Remarks
  • Laundry YN: Yes
  • Listing Agent License: 01912302
  • Listing Office License: 01925726
  • Lot Features: Corner Lot, Rectangular Lot, Value In Land
  • Lot Size Area: 3485.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 70000.00
  • New Taxes Expense: 29800.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Operating Expense: 5600.00
  • Parking Features: Garage
  • Parking YN: Yes
  • Sewer: Public Sewer
  • Special Conditions Details: Standard,Trust
  • Stories Total: 2
  • Total Expenses: 5600.00
  • Trash Expense: 600.00
  • Uncovered Spaces: 2.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Villa Real Estate, Devin Lucas

Mark E. Cestaric
Costa Mesa, CA 92626
Phone: 714-606-9491
Email: markecestaric@gmail.com

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