Homes for sale - 209 Walnut ST, Newport Beach, CA 92663

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Candice Blair

candice@candiceblairgroup.com +1(949) 466-0620

$ 3,095,000

Est. payment -/mo

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Active

209 Walnut ST Newport Beach, CA 92663

6 Beds

4 Baths

2,374 SqFt

UPDATED:

08/10/2024 01:24 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,374 sqft

Price per Sqft $1,303

Subdivision West Newport Beach (Wsnb)

MLS Listing ID NP24160191

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 1972

Lot Size 2,613 Sqft

Acres 0.06

Property Description

Rare Investment Opportunity in Newport Shores! This fully occupied duplex, just two blocks from the beach and iconic surf, is a prime find for savvy investors. Each impeccably designed unit features 3 bedrooms and 2 bathrooms, offering exceptional value in one of Newport Beach's most coveted coastal communities. Recent upgrades, including new exterior paint, flooring, bathrooms, and kitchens in both units, elevate the property's appeal and rental potential. Open floor plans, abundant natural light, spacious rooms, and decks and patios perfect for enjoying the ocean breeze make these units highly desirable. The lower unit (A) boasts new vinyl plank flooring, a spacious patio, and stainless appliances, while the upper unit (B) showcases newer flooring, cathedral ceilings, and two decks, one with blue water views. In addition, the duplex includes 3-car garage parking and shared laundry facilities. Professionally managed for years with meticulous attention to maintenance and support, this property offers a seamless revenue opportunity with tenants in leases through July 2025. Don't miss out on this excellent opportunity to invest in Newport Beach.

Location

State CA

County Orange

Area N8 - West Newport - Lido

Rooms

Other Rooms Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite

Master Bathroom 2

Main Level Bedrooms 3

Interior

Cooling None

Fireplaces Type None

Appliance Built-In Range, Dishwasher, Refrigerator

Laundry In Garage

Exterior

Garage Garage

Garage Spaces 3.0

Pool None

Community Features Sidewalks

Waterfront Description Across the Road from Lake/Ocean

View Y/N Yes

View Neighborhood, Ocean

Porch Deck, Patio

Private Pool No

Building

Lot Description Level

Dwelling Type Duplex

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

Elementary Schools Newport Newpor

Middle Schools Ensign

High Schools Newport Harbor

School District Newport Mesa Unified

Others

Senior Community No

Special Listing Condition Standard

Confidential INFO

BAC 2.5

SIGN ON PROPERTY 1

TERMS Cash,Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

PRIVATE REMARKS The lower unit is currently rented at $4,450 per month with a lease expiring on 6/30/25, while the upper unit is rented at $3,975 per month with a lease expiring on 7/31/25. Showing with offer and with at least 48 hour notice due to tenant occupancy. Thank you for your understanding.

SHOW CONTACT TYPE Agent

SHOW CONTACT NAME Tori Rimlinger

SHOW CONTACT PH 9493786200

SHOW INSTRUCTIONS Showing with offer and with at least 48 hour notice due to tenant occupancy. Thank you for your understanding.

Listed by Compass

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

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