Sold

Closed

122 28th Street

Newport Beach CA, 92663

$2,975,000


$1,449.81 per sqft

Sold

Closed

2,052 sqft

Multi-family

Built in 1951

Listed by Alex Guyenne with eXp Realty of California Inc. 888-832-7179

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.

DW22259032

MLS ID

January 3, 2023

Listed

May 25, 2024

Updated

Map

122 28th Street
Newport Beach CA, 92663

Interior Features

Total Stories

2


Interior Features

Balcony, Ceiling Fan(s)


Laundry Description

Inside, Laundry Room


Floor Description

Laminate


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

No

Exterior/Building Features

Lot Size

0.05 Acres


Lot Features

0-1 Unit/Acre


Sewer

Public Sewer

Other Property Details

Area Name

N8 - West Newport - Lido


Days on Market

10


Garage

Yes


Garage Spaces

2


Parking

Garage


Parking Total

2


View

Yes


View Description

Ocean


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

5/18/2023

Sold

$2,975,000

Listing Contact: 888-832-7179 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/25/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/25/2024 at 2:18 AM UTC

 

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