Active Under Contract
121 45th Street
Newport Beach CA, 92663
$2,999,000
$1,289.89 per sqft
Active Under Contract
2,325 sqft
Multi-family
Built in 1958
Listed by Dominic Tucci with Pacific Sotheby's Int'l Realty 949-554-1200
Here is an amazing opportunity to create your coastal income-property dream just steps from the sand in West Newport. This duplex features a 3 bedroom 2 bath (one ensuite) unit with vaulted ceilings on the top floor and a 2 bedroom 2 bath (one ensuite) on the first floor. Both units have individual laundry hook-ups and utility metering. There is one water meter for the property. The property is in unfinished condition and is ready for your signature and completion. A huge amount of heavy-lifting and infrastructure has been addressed, including but not limited to: Liquefaction Mitigated slab/foundation.
New underground electric service/panels/distribution. Separately metered units.
New upsized water meter and service lateral.
New plumbing and sewer lines.
New gas lines. Separately metered.
Single water meter but water lines have been isolated to each separate unit.
New tankless water heaters with recirculating lines.
New forced air heating.
New doors/windows (except for a couple existing windows that had already been replaced.
New exhaust fans in all baths.
New overhead fire sprinklers throughout.
Two EV conduits in garage.
All new phone, data, A/V cabling throughout.
The most recent permits with the city have expired, so they will either need to be renewed or substituted by the buyer with their changes.
Recent appraisal pegs the finished value at nearly $1,000,000 over the asking price. Act quickly!
We have a lender who is familiar with the property and may entertain financing the new purchase. Cash or hard-money buyers are encouraged to write as well.
OC24087408
MLSⓇ ID
May 1, 2024
Listed
May 9, 2024
Updated
Map
121 45th Street
Newport Beach CA, 92663
Interior Features
Total Stories
2
Laundry Description
Inside, See Remarks
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.06 Acres
Exterior Features
Balcony
Lot Features
Near Public Transit, Rectangular Lot, Street Level
Architectual Style
Mid-Century Modern
Sewer
Public Sewer
Other Property Details
Area Name
N8 - West Newport - Lido
Days on Market
2
Garage
Yes
Garage Spaces
2
Parking
Garage, Garage Faces Rear
Parking Total
3
View
No
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Listing History
Date | Event | Price |
---|---|---|
5/5/2024 | Under Contract | — |
Listing Contact: 949-554-1200
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. 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 5/9/2024 at 3:41 PM UTC