209 Walnut Street

Newport Beach, CA 92663

$3,095,000

List Price

6

bed Beds

4

shower Baths

2,374 sqft

straighten / sqft

1972

calendar_month Built

Property Description

Rare Investment Opportunity in Newport Shores! This fully occupied duplex, just two blocks from the beach and iconic surf, is a prime find for savvy investors. Each impeccably designed unit features 3 bedrooms and 2 bathrooms, offering exceptional value in one of Newport Beach's most coveted coastal communities. Recent upgrades, including new exterior paint, flooring, bathrooms, and kitchens in both units, elevate the property's appeal and rental potential. Open floor plans, abundant natural light, spacious rooms, and decks and patios perfect for enjoying the ocean breeze make these units highly desirable. The lower unit (A) boasts new vinyl plank flooring, a spacious patio, and stainless appliances, while the upper unit (B) showcases newer flooring, cathedral ceilings, and two decks, one with blue water views. In addition, the duplex includes 3-car garage parking and shared laundry facilities. Professionally managed for years with meticulous attention to maintenance and support, this property offers a seamless revenue opportunity with tenants in leases through July 2025. Don't miss out on this excellent opportunity to invest in Newport Beach.

Listing Information

List Price $3,095,000
Status Active
MLS NP24160191
HOA $0
Type Residential
Subtype Duplex
Year Built 1972
Lot Size 2,614
Structure Size 2,374
DOM 4
Courtesy Of Compass
Listing Agent Tori Rimlinger DRE#01512376

Interior Features

Laundry Information
Location(s) In Garage
Total Bedroom
Bedrooms 6
Total Bathroom
Bathrooms 4
Fireplace Information
Features None
Additional Information
Additional Features Bedroom on Main Level, Main Level Primary, Primary Suite
Cooling Type
Cooling Type None

Exterior Information

Other Structures
Features Deck, Patio
View Yes

Maps

Listing information courtesy of: Tori Rimlinger, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:42 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.