209 David Drive
209 David Drive
$2,188,000
6
5
—
—
—
Sold 8/13/21
Description
Three unit Coastal income property opportunity. Ideally located directly adjacent to Newport Shores, only a few hundred yards from the Pacific Ocean and the sandy beaches of Newport. This unique property was a duplex that has been converted into 2 condominiums with 2 separate APNs. In addition, there is a bonus space on the lower level with a separate entrance, kitchenette and bathroom. The property currently generates monthly income of $9,150. The upstairs unit, known as "Unit B", was renovated...Three unit Coastal income property opportunity. Ideally located directly adjacent to Newport Shores, only a few hundred yards from the Pacific Ocean and the sandy beaches of Newport. This unique property was a duplex that has been converted into 2 condominiums with 2 separate APNs. In addition, there is a bonus space on the lower level with a separate entrance, kitchenette and bathroom. The property currently generates monthly income of $9,150. The upstairs unit, known as "Unit B", was renovated down to the studs in 2012 and offers 3 bedrooms and 2 bathrooms along with a spacious front and back deck with views of the canal and wetlands. Upgrades include vaulted ceilings with great natural light, Carrara marble countertops, a large kitchen island, marble bathroom tile, recessed lighting, whole house audio system, new insulation, new HVAC and new plumbing throughout. The downstairs unit, known as Unit A, was extensively renovated and has 2 bedrooms and 2 bathrooms with a private patio with built-in BBQ. Upgrades include large granite kitchen island, custom cabinetry, wood floors, recessed lighting, wood shutters, stainless steel appliances, and custom closets. The bonus additional downstairs space, known as Unit C and which is part of Unit B, is a studio with full kitchenette and private bathroom. The property also has leased Tesla solar panels. Each unit has its own washer and dryer. There are 2 garage spots and a carport. As of May 2021, the adjacent 401 acres of Banning Ranch are under contract to be purchased by "The Trust for Public Land" which intends on turning the ranch into a public park. Please do not disturb the tenants!
- Listed by Carter Kaufman • DRE #01968622 • Compass
Property Details for 209 David Drive
City Postal ID
OC - NEWPORT BEACH (92663)
Location
LISTING UPDATED: 08/15/2021 09:36 AM
Property Details for 209 David Drive
Status | Sold |
---|---|
MLS # | OC21138705 |
Days on Market | 28 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 2-4 Units |
Year Built | - |
Lot Size | 0.07 AC / 3,140 SF |
County | Orange County |
Location
Building Information for 209 David Drive
Stories-Residences-Year Built-Building Size-Lot Size0.07 AC / 3,140 SF
Payment Calculator
$11,941 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 209 David Drive
Property History for 209 David Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 209 David Drive
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 - | 9 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 | ||
Early College 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.
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