Listed by Alex Guyenne with eXp Realty of California Inc.

122 28th Street

Newport Beach, CA, 92663

$2,975,000

$1,449 per ft²
$2,975,000
$1,449 per ft²
Sold
Sold
carpenters-square
2,052 ft²
property_type
Multi-family
calendar
Built 1951
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. Contact Listing Agent with any questions!
MLS® ID:
DW22259032
Listed:
12/31/22
Updated:
3/26/23
Compass
Ransom House
Mobile: (714) 308-0986Email: ransom.house@compass.com

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Interior Features
Balcony, Ceiling Fan(s)
Laundry Description
Inside, Laundry Room
Floor Description
Laminate
Fireplace
None
Cooling
Wall/Window Unit(s)

Exterior/Building Features

Lot Size
2,178 ft² lot
Lot Details
0-1 Unit/Acre
Sewer
Public Sewer

Other Property Details

Area Name
NP - Balboa Peninsula
Association Amenities
Curbs, Street Lights, Suburban, Sidewalks
Garage
Yes
Garage Spaces
2
Parking
Garage
Parking Total
2.0
View
Y
County
Orange
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Buyer Agency Compensation
2.000

Property History

Date
Event
Price
Value
1/23/23
Active Under Contract
-
-
2/9/23
Pending
-
-
2/28/23
Price Change
$2,975,000
0%
2/28/23
Sold
-
-

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/26/23. 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.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/26/23 at 7:06 PM UTC

Compass
Ransom House
Mobile: (714) 308-0986Email: ransom.house@compass.com
Contact