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104 Onyx Avenue

Newport Beach, CA 92662
  • $4,175,000
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: NP23148592
UPDATED: 8 min ago
$4,175,000
  • 0
    BEDS
  • 0.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Kimberlee Drake of Compass (949-438-4340) and Courtney Hackbarth of Compass(949-438-4340)


Description

This is a rare opportunity to purchase an almost Bayfront income property for a fraction of the cost to be on the Bayfront on Balboa Island, Newport Beach, California. There are technically two one bedroom one bath self contained units. The downstairs has a stunning brand new spacious gourmet kitchen equipped with top of the line appliances. The upstairs has an efficient brand new masterfully designed kitchenette. Typically, they have been rented together as a two bedroom two bath property. Both units have amazing views! Perfect choice for your 1031 Exchange. There is currently a Short Term Rental Permit for this property. This turn key exceptional Dream House has been completely renovated top to bottom. Many possibilities for income and or enjoying the Balboa Island iconic lifestyle for yourself. You deserve a trophy property such as this one!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T18:37:03.64. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142403862
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104 Onyx Avenue Newport Beach, CA 92662

  • Price: $4,175,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 8 min ago
  • MLS #: NP23148592
0
Beds
0
Baths
0
½ Baths
0.02
Acres
1924
Built
Neighborhood:
Balboa Island - Main Island (Balm)
County:
Orange
Area:
N9 - Lower Newport Bay - Balboa Island
Property Description
This is a rare opportunity to purchase an almost Bayfront income property for a fraction of the cost to be on the Bayfront on Balboa Island, Newport Beach, California. There are technically two one bedroom one bath self contained units. The downstairs has a stunning brand new spacious gourmet kitchen equipped with top of the line appliances. The upstairs has an efficient brand new masterfully designed kitchenette. Typically, they have been rented together as a two bedroom two bath property. Both units have amazing views! Perfect choice for your 1031 Exchange. There is currently a Short Term Rental Permit for this property. This turn key exceptional Dream House has been completely renovated top to bottom. Many possibilities for income and or enjoying the Balboa Island iconic lifestyle for yourself. You deserve a trophy property such as this one!
Exterior Features

Entry Level 1 Entry Location Street Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Appliances DryerWasher Common Walls No Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsStreet LightsSidewalksWater Sports Garage YN No Gross Income 150000 Gross Scheduled Income 150000 Insurance Expense 3100 Land Lease YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 75000 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 75000 Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 500 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T18:37:03.64. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Kimberlee Drake of Compass (949-438-4340) and Courtney Hackbarth of Compass(949-438-4340)