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122 28th Street

Newport Beach, CA 92663
  • $3,000,000
  • STATUS: CONTINGENT
  • ON SITE: 26 Days
  • ID#: DW22259032
Under Contract
UPDATED: 59 min ago
$3,000,000
  • 5
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

122 28th St is a Vacation Rental Duplex on the highly sought after Balboa Peninsula. It's only 9 homes from the sand and water! This property offers a 3 bedroom/2 Bathroom (downstairs) and a 2 bedroom/1 bathroom (upstairs). Both units have been renovated and ready to help your portfolio cashflow. Each unit has 1 garage parking spot and plenty of street parking available. This property has been a great rental for the last decade and with the current gross income approximately at $155,000 per year. There is still upside for the next owner to raise rents to market, as similar properties are currently collecting near $195,000 per year. Contact Listing Agent with any questions! 122 28th St is a Vacation Rental Duplex on the highly sought after Balboa Peninsula. It's only 9 homes from the sand and water! This property offers a 3 bedroom/2 Bathroom (downstairs) and a 2 bedroom/1 bathroom (upstairs). Both units have been renovated and ready to help your portfolio cashflow. Each unit has 1 garage parking spot and plenty of street parking available. This property has been a great rental for the last decade and with the current gross income approximately at $155,000 per year. There is still upside for the next owner to raise rents to market, as similar properties are currently collecting near $195,000 per year. Contact Listing Agent with any questions!

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.welcometosandiegorealestate.com/homes/135680007
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122 28th Street Newport Beach, CA 92663

  • Price: $3,000,000
  • Status: CONTINGENT
  • On Site: 26 Days
  • Updated: 59 min ago
  • ID#: DW22259032
5
Beds
0
Baths
0
½ Baths
0.05
Acres
Neighborhood:
Oc - Newport Beach (92663)
County:
Orange
Area:
Oc - Newport Beach (92663)
Property Description
122 28th St is a Vacation Rental Duplex on the highly sought after Balboa Peninsula. It's only 9 homes from the sand and water! This property offers a 3 bedroom/2 Bathroom (downstairs) and a 2 bedroom/1 bathroom (upstairs). Both units have been renovated and ready to help your portfolio cashflow. Each unit has 1 garage parking spot and plenty of street parking available. This property has been a great rental for the last decade and with the current gross income approximately at $155,000 per year. There is still upside for the next owner to raise rents to market, as similar properties are currently collecting near $195,000 per year. Contact Listing Agent with any questions! 122 28th St is a Vacation Rental Duplex on the highly sought after Balboa Peninsula. It's only 9 homes from the sand and water! This property offers a 3 bedroom/2 Bathroom (downstairs) and a 2 bedroom/1 bathroom (upstairs). Both units have been renovated and ready to help your portfolio cashflow. Each unit has 1 garage parking spot and plenty of street parking available. This property has been a great rental for the last decade and with the current gross income approximately at $155,000 per year. There is still upside for the next owner to raise rents to market, as similar properties are currently collecting near $195,000 per year. Contact Listing Agent with any questions!
Exterior Features

Pool N/K Site CurbsSidewalks Spa N/K

Interior Features

Cooling Wall/Window Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1

Property Features

Annual Expense Actual 2705 Assessments Yes/Remarks Buildings 1 Cfd Mello Roos Fee 513.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 150200 Monthly Total Fees 42 Possession Other/Remarks Tenant Pays ElectricityGas/Propane Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 78250.0 Unit2 Rent Actual 71950.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Exp Realty Of California Inc.: [IDXCONTACTINFORMATION]. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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