208 Lugonia Street, Newport Beach, CA 92663
- $2,225,000
- Sold Price
- $2,225,000
- List Price
- $2,250,000
- Closing Date
- Nov 20, 2023
- Status
- CLOSED
- MLS#
- OC23189782
- Year Built
- 1972
- Lot Size
- 2,614
- Acres
- 0.06
- Lot Location
- Level
- Days on Market
- 3
- Property Type
- Multifamily
- Property Sub Type
- Duplex
- Stories
- Two Levels
- Neighborhood
- Newport Shores (News)
Property Description
Newport Beach Duplex opportunity! Nestled in the heart of one of Southern California's most coveted coastal communities - "Newport Shores". This Duplex represents one of the best values in Newport Beach. It boasts two impeccably designed units that offer incredible investment potential. Both units are 3 bedrooms / 2 bathrooms. This property has a 3-car garage with shared laundry in the garage. A brand new exterior paint job was just completed last month. Both units have large open floor plans making them easy units to keep rented. They feel light, bright, and open... with plenty of natural light and the perfect ocean breeze. This property has been well-maintained and professionally managed for years. Lower Unit (A): 3 bed / 2 bath. Older finishes. Currently rented at $3,100 / month – Lease is month to month (rent is reviewed and increased every May). Upper Unit (B): 3 bed / 2 bath. Fully remodeled just a couple of years ago. Currently rented at $4,200 / month – Lease expires 7/31/24. This is a terrific opportunity to invest in a fully occupied duplex property in the highly-desired "Newport Shores" neighborhood. Your Tenants will enjoy living the Southern California lifestyle near beaches, surfing, paddleboarding, boating, and biking. The seller is also selling two other Duplex Properties at the same time. [210 Lugonia Street (MLS# OC23189784) and 209 Walnut Street (MLS# OC23189780)]. These three duplex properties can be purchased together or separately.
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Additional Information
- Pool Description
- None
- Heat
- Central
- Cooling Description
- None
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $87,600
Listing courtesy of Listing Agent: Larry Birnbaum (Larry@LmbEnterprises.com) from Listing Office: LMB Enterprises.
Listing sold by Tori Rimlinger from Compass
Mortgage Calculator
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.