112 46th Street, Unit A&B

Newport Beach, CA 92663

$2,700,000
Last Sold Price
6
Beds
3
Baths
2,731 Sq. Ft.
$989 / Sq. Ft.
2,731
Sq. Ft.
$989
per Sq. Ft.

Description

RARE on the Market! A Multi-unit property located in a PRIME location as one of the largest zoned lots on the peninsula, only 2 houses from the beach on the 100 Block on the Balboa Peninsula of Newport Beach. Just steps to the Surf & Sand, restaurants, piers, entertainment, parks, trails and shopping. This property has been recently improved with a new composition roof, new front balcony deck, fresh exterior and interior paint, new copper plumbing throughout and many more cosmetic improvements. The...RARE on the Market! A Multi-unit property located in a PRIME location as one of the largest zoned lots on the peninsula, only 2 houses from the beach on the 100 Block on the Balboa Peninsula of Newport Beach. Just steps to the Surf & Sand, restaurants, piers, entertainment, parks, trails and shopping. This property has been recently improved with a new composition roof, new front balcony deck, fresh exterior and interior paint, new copper plumbing throughout and many more cosmetic improvements. The upper unit features 4 bedroom/2 bathrooms with a peek a boo view of the ocean/Catalina Island from the new balcony deck. This unit also has a 2nd balcony deck off of the back bedroom. The lower unit is a 2 bedroom / 1 bathroom with an extra large patio of approximately 675 sq ft. that is great for entertaining. With the large lot, it accommodates parking for 4 cars (2 car garage, 1 carport and an extra parking spot outside the garages). This duplex is currently zoned and permitted for Short Term Rental with a successful history of 20 plus years of returning guests. This treasure generates an average of $150,000/yr gross revenue. It has many options for a new buyer to either live in one unit and rent the other; take advantage of the successful turn key Short Term Rental; or rezone as a single family home and rebuild to your liking. The opportunities are many! A must see!
  1. Listed by Brenda Siragusa • DRE #01858513 • Brokerage DRE #01928531 • Treasure Property Management

Property Details for 112 46th Street, Unit A&B

View
Ocean
Parking Spaces Total
4
Private Pool
No
Cooling Type
None
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2731

Location

Listing Courtesy of Treasure Property Management, Brenda Siragusa, DRE #01858513

Sold By Treasure Property Management, Brenda Siragusa, DRE #01858513

Add your commute
LISTING UPDATED: 11/19/2020 02:29 PM

Property Details for 112 46th Street, Unit A&B

StatusClosed
MLS #OC20126378
Days on Market101
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential Income
Year Built1962
Lot Size0.08 AC / 3,485 SF
CountyOrange County

Location

Listing Courtesy of Treasure Property Management, Brenda Siragusa, DRE #01858513

Sold By Treasure Property Management, Brenda Siragusa, DRE #01858513

Add your commute

Building Information for 112 46th Street, Unit A&B

Stories2Residences-Year Built1962Building Size-Lot Size0.08 AC / 3,485 SF

Payment Calculator

$14,735 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,735

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 112 46th Street, Unit A&B

Rental Info
Rental Info
  • Tenant Pays: Other, Taxes
Income / Expense / Tax Details
Income Details
  • Gross Income: $147,842
  • Gross Scheduled Income: $201,042
  • Vacancy Allowance Rate: 35
  • Gross Operating Income: $147,842
  • Net Operating Income: $110,917
  • Number Of Rented Garages: 2
  • Gross Multiplier: 19.0
  • Cap Rate: 3.8
  • Current Financing: Conventional
  • Financing: Cash
Expense Details
  • Operating Expense: $36,925
  • New Taxes Expense: $29,925
  • Gardener Expense: $0
  • Cable TV Expense: $1,620
  • Fuel Expense: $0
  • Licenses Expense: $200
  • Pest Control Expense: $50
  • Pool Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $1,200
  • Insurance Expense: $1,700
  • Maintenance Expense: $1,000
  • Workmans Compensation Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $1,200
  • Supplies Expense: $0
  • Total Expenses: $36,925
Tax / Assessment Info
  • Tax Tract Number: 3813
  • Tax Census Tract: 635.00
  • Tax Lot: 59
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Biking, Dog Park, Fishing, Hiking, Park, Watersports, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Free-Standing Range, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator
  • Equipment: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Ice Maker, Vented Exhaust Fan, Barbecue, Gas Range
  • Interior Features: Copper Plumbing Full, Crown Molding, Furnished, Granite Counters, Living Room Deck Attached, Open Floorplan, Stone Counters
  • Room Type: Family Room, Kitchen, Laundry
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Room Bathroom Features: Walk-in shower
  • Room Kitchen Features: Granite Counters, Stone Counters
  • Eating Area: Dining Room
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Individual Room, Outside
  • Laundry Location: Laundry Room
  • Laundry Utilities: Gas, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: None
  • Heating Type: Central
  • Heating: Central
  • Heat Equipment: Forced Air Unit
  • Flooring Type: Laminate
  • Floor Coverings: Laminate
  • Flooring: Carpet, Laminate
Exterior Features
  • Door Features: French Doors, Mirror Closet Door(s), Panel Doors, Sliding Doors
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Security: Carbon Monoxide Detectors
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Exterior Features: Barbecue Private
  • Roof: Composition
  • Fence: Yes
  • Fence: Wood
  • Fencing: Good Condition, Stone, Wood
  • Foundation Details: Slab
  • Foundation Details: Slab
  • Structure Type: Duplex
  • Property Condition: Turnkey
  • Miscellaneous: Value in Land, Storm Drains
  • View Description: Ocean
  • Waterfront Features: Beach Access
  • Patio: Yes
  • Patio: Deck, Patio
  • Patio And Porch Features: Deck, Patio
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
  • Spa: N/K
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Park Nearby, Value In Land
  • Lease Considered: No
  • Number Of Units: 2
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Number Remotes: 2
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Door Opener, Garage - 2 Car
  • Uncovered Spaces: 1
  • Open Other Spaces Total: 1
  • Parking Garage Spaces: 2
  • Parking Garage: Garage - Two Door, Garage Door Opener
  • Carport Spaces: 1
  • Attached Garage: Yes
  • Parking Features: Attached Carport, Garage Faces Rear, Garage - Two Door, Garage Door Opener
Property / Structure Info
  • Builders Tract Name: West Newport Beach
  • Builders Tract Code: West Newport Beach (WSNB)
  • Builders Tract Code: West Newport Beach (WSNB)
  • Residential Styles: Townhome
  • Residential Unit Location: No Common Walls
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $62,778
  • Unit Type Total Rent: $62,778
  • Unit Type Pro Forma: 78000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $85,063
  • Unit Type Total Rent: $85,063
  • Unit Type Pro Forma: 123000
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number With Carpet: 1
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 2
  • Number Wall AC: 0

Schools near 112 46th Street, Unit A&B

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Newport Elementary School
PublicK to 6

Horace Ensign Intermediate School
Public7 to 8

Newport Harbor High School
Public9 to 12

Monte Vista High School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Treasure Property Management, Brenda Siragusa, DRE #01858513

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.