125 Onyx Avenue

Newport Beach, CA 92662

$2,475,000
Last Sold Price
6
Beds
6
Baths
2,614 Sq. Ft.
$947 / Sq. Ft.
2,614
Sq. Ft.
$947
per Sq. Ft.

Description

This one of a kind, oversized duplex located on the 100 block of Onyx just steps away from Marine Ave. is a must see! A perfect income property for 1031 exchange investors & Short Term/Vacation Income generation. Premises includes a total of 6 bedrooms, 6 bathrooms. Each unit consists of 3 bedrooms and 3 baths. Both units have private entrances, and access to a large newly tiled rooftop deck. Upper unit is currently leased for $3900 per month on a long-term basis. Lease is currently on a month-to-month...This one of a kind, oversized duplex located on the 100 block of Onyx just steps away from Marine Ave. is a must see! A perfect income property for 1031 exchange investors & Short Term/Vacation Income generation. Premises includes a total of 6 bedrooms, 6 bathrooms. Each unit consists of 3 bedrooms and 3 baths. Both units have private entrances, and access to a large newly tiled rooftop deck. Upper unit is currently leased for $3900 per month on a long-term basis. Lease is currently on a month-to-month basis. Lower unit is a short-term year-round vacation rental (Income Available upon request). The lower unit displays a remodeled kitchen with granite counters, new cabinets, new appliances, bi-fold French doors that open to the lovely front patio. Both units are mirror images of one another, and both have direct access to the rooftop deck. Bay and city views encompass this 360-degree entertainment deck. The deck makes for the absolute perfect spot to gather with some family and friends to enjoy some sunshine during the day or some drinks in the evening. Each unit also has its own private 1 car garage. Live in one unit and rent out the other to offset any expenses involved. This is the perfect property whether you use it for vacationing or to live and enjoy the Island lifestyle. You are only one street away from Marine Ave., where you will find all the best restaurants and shops that Balboa Island has to offer. Buyer to verify square footage and rental income.
  1. Listed by Arthur Dorr • DRE #01899740 • Brokerage DRE #01897014 • Balboa Realty
  2. Listed by Alex Batley • DRE #01897014 • Brokerage DRE #01897014 • Balboa Realty

Property Details for 125 Onyx Avenue

View
Bay, City Lights, Coastline, Neighborhood, Panoramic, See Remarks
Parking Spaces Total
2
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Attached
Living Area
2600
Assessor Parcel Number
050-171-23

Location

Listing Courtesy of Balboa Realty, Arthur Dorr, DRE #01899740; Balboa Realty, Alex Batley, DRE #01897014

Sold By CATALYST REALTY, SCOTT LISSOY, DRE #01129795

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LISTING UPDATED: 08/31/2020 05:38 AM

Property Details for 125 Onyx Avenue

StatusClosed
MLS #NP20009906
Days on Market207
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential Income
Year Built1978
Lot Size0.06 AC / 2,753 SF
CountyOrange County

Location

Listing Courtesy of Balboa Realty, Arthur Dorr, DRE #01899740; Balboa Realty, Alex Batley, DRE #01897014

Sold By CATALYST REALTY, SCOTT LISSOY, DRE #01129795

Add your commute

Building Information for 125 Onyx Avenue

Stories2Residences-Year Built1978Building Size-Lot Size0.06 AC / 2,753 SF

Payment Calculator

$16,014 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,507

Property Taxes

$2,507

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 125 Onyx Avenue

Rental Info
Rental Info
  • Pets Allowed: Call For Rules
Income / Expense / Tax Details
Income Details
  • Gross Income: $100,800
  • Gross Scheduled Income: $100,800
  • Net Operating Income: $56,170
  • Financing: Cash
Expense Details
  • Operating Expense: $44,630
  • New Taxes Expense: $33,630
  • Insurance Expense: $3,000
  • Maintenance Expense: $5,000
  • Trash Expense: $500
  • Water Sewer Expense: $2,500
  • Total Expenses: $44,630
Tax / Assessment Info
  • Tax Block: 21
  • Tax Tract Number: 101
  • Tax Census Tract: 630.06
  • Tax Lot: 15
Community / Development
Community / Development
  • Accessibility Features: 2+ Access Exits
  • Disability Access: 2+ Access Exits
  • Association Amenities: Outdoor Cooking Area
  • Assessments YN: No
  • Assessments: None
  • Community Features: Fishing, Sidewalks, Urban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator
  • Equipment: Dishwasher, Microwave, Refrigerator, Gas Oven, Gas Range
  • Interior Features: 2 Staircases, Ceiling Fan(s), Granite Counters, Living Room Balcony, Living Room Deck Attached, Storage
  • Room Type: Kitchen, Multi-Level Bedroom, See Remarks
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Room Bathroom Features: Separate tub and shower, Soaking Tub
  • Bedroom Features: Multi-Level Bedroom
  • Room Kitchen Features: Granite Counters
  • Eating Area: Breakfast Counter / Bar
  • Laundry: Yes
  • Laundry Features: In Closet, Inside
  • Laundry Location: Inside
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Fireplace: FP in Living Room
  • Cooling: None
  • Heating: Central
  • Heat Equipment: Forced Air Unit
  • Floor Coverings: Tile, Wood
  • Flooring: Tile, Wood
Exterior Features
  • Window Features: Double Pane Windows
  • Roof: See Remarks
  • Structure Type: Duplex
  • Miscellaneous: Urban
  • View Description: Bay, City Lights, Coastline, Panoramic
  • Waterfront Features: Beach Access, Ocean Side Of Highway 1, Seawall
  • Patio: Yes
  • Patio: Stone/Tile, Patio, Roof Top, Wrap Around
  • Patio And Porch Features: Patio, Roof Top, Tile, Wrap Around
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Front Yard, Level with Street, Park Nearby
  • Lease Considered: No
  • Number Of Units: 2
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two, Three Or More
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 2
  • Parking Garage: Assigned
  • Carport Spaces: 0
  • Attached Garage: No
  • Parking Features: Assigned, Garage Faces Rear
Property / Structure Info
  • Builders Tract Name: Balboa Island - Main Island (BALM)
  • Builders Tract Code: Balboa Island - Main Island (BALM)
  • Residential Styles: Townhome
  • Residential Unit Location: 1 common wall
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,500
  • Unit Type Total Rent: $54,000
  • Unit Type Pro Forma: 5500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,900
  • Unit Type Total Rent: $46,800
  • Unit Type Pro Forma: 4500
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 125 Onyx Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 125 Onyx Avenue

Taxable ValueLand$2,392,920Additions$182,070Total$2,574,990
Tax Record2023$30,080 ($2,507 / month)
Home Facts
Total Finished SqFt1,987 SqFtAbove Grade Finished SqFt1,987 SqFtStories2Lot Size2,550 SqFtStyleDuplexYear Built1978CountyORANGEAPN050-171-23

Schools near 125 Onyx Avenue

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

Corona Del Mar High School
Public7 to 12

Monte Vista High School
PublicK to 12

Back Bay High School
Public9 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.

Similar Homes

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Similar Sold Homes

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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 Balboa Realty, Arthur Dorr, DRE #01899740; Balboa Realty, Alex Batley, DRE #01897014

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.