Newport Beach, CA 92663,209 David DR #A-C
Newport Beach, CA 92663,209 David DR #A-C
Newport Beach, CA 92663,209 David DR #A-C
20
$2,188,000
$2,249,000
2.7%
Est.Price: ?

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3,049 Sqft Lot

209 David DR #A-C Newport Beach, CA 92663

Est. payment /mo
SOLD DATE : 08/13/2021

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Key Details

Sold Price $2,188,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Newport Shores (News)

MLS Listing ID OC21138705

Sold Date 08/13/21

HOA Y/N Yes

Year Built 1976

Lot Size 3,049 Sqft

Property Description

Three unit Coastal income property opportunity. Ideally located directly adjacent to Newport Shores, only a few hundred yards from the Pacific Ocean and the sandy beaches of Newport. This unique property was a duplex that has been converted into 2 condominiums with 2 separate APNs. In addition, there is a bonus space on the lower level with a separate entrance, kitchenette and bathroom. The property currently generates monthly income of $9,150. The upstairs unit, known as "Unit B", was renovated down to the studs in 2012 and offers 3 bedrooms and 2 bathrooms along with a spacious front and back deck with views of the canal and wetlands. Upgrades include vaulted ceilings with great natural light, Carrara marble countertops, a large kitchen island, marble bathroom tile, recessed lighting, whole house audio system, new insulation, new HVAC and new plumbing throughout. The downstairs unit, known as “Unit A”, was extensively renovated and has 2 bedrooms and 2 bathrooms with a private patio with built-in BBQ. Upgrades include large granite kitchen island, custom cabinetry, wood floors, recessed lighting, wood shutters, stainless steel appliances, and custom closets. The bonus additional downstairs space, known as “Unit C” and which is part of Unit B, is a studio with full kitchenette and private bathroom. The property also has leased Tesla solar panels. Each unit has its own washer and dryer. There are 2 garage spots and a carport. As of May 2021, the adjacent 401 acres of Banning Ranch are under contract to be purchased by "The Trust for Public Land" which intends on turning the ranch into a public park. PLEASE DO NOT DISTURB THE TENANTS!

Location

State CA

County Orange

Area N8 - West Newport - Lido

Interior

Interior Features Beamed Ceilings, Ceiling Fan(s), Granite Counters, High Ceilings, Living Room Deck Attached, Open Floorplan, Bedroom on Main Level, Walk-In Closet(s)

Heating Central

Cooling None

Flooring Wood

Fireplaces Type Living Room, Wood Burning

Fireplace Yes

Appliance Barbecue, Dishwasher, Microwave, Refrigerator, Dryer, Washer

Exterior

Garage Spaces 2.0

Carport Spaces 1

Garage Description 2.0

Pool None

Community Features Biking, Water Sports

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Amenities Available Other

View Y/N Yes

View Back Bay, Canal, Peek-A-Boo

Accessibility Parking

Total Parking Spaces 3

Private Pool No

Building

Lot Description Paved, Rectangular Lot

Story Two

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

HOA Name 209 David Drive

Senior Community No

Tax ID 93972016

Energy Description 300.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Carter Kaufman • Compass
Bought with YIU KWEI • KW Vision

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Leo Chen

Agent | License ID: 01958853

+1(949) 238-2346

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