209 David Drive

Newport Beach, CA 92663

$2,188,000
Last Sold Price
6
Beds
5
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

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!
  1. Listed by Carter Kaufman • DRE #01968622 • Compass

Property Details for 209 David Drive

City Postal ID
OC - NEWPORT BEACH (92663)

Location

Listing Courtesy of Compass, Carter Kaufman, DRE #01968622

Sold By KW Vision, YIU KWEI, DRE #01875802; KW Executive, EDDIE CHEN, DRE #02111168

Add your commute
LISTING UPDATED: 08/15/2021 09:36 AM

Property Details for 209 David Drive

StatusSold
MLS #OC21138705
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type2-4 Units
Year Built-
Lot Size0.07 AC / 3,140 SF
CountyOrange County

Location

Listing Courtesy of Compass, Carter Kaufman, DRE #01968622

Sold By KW Vision, YIU KWEI, DRE #01875802; KW Executive, EDDIE CHEN, DRE #02111168

Add your commute

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

30 year fixed, 7.25% Interest

Principal and Interest

$11,941

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 209 David Drive

Summary Information
Property and Location
  • System ID: 304367264
  • Class: 2-4 UNITS
  • Levels: 2 Story
  • Street Number Numeric: 209
  • Street Name: David Drive
  • Directions To Property: From PCH, Turn on Highland, Left on David
HOA and Fees
  • Home Owner Fees: $0
  • Home Owners Fee Includes: Other/Remarks
  • Home Owner Association: 209 David Drive
Supplement
  • Supplement: 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!
Interior and Exterior Features
Exterior Features
  • Pool: N/K
Property Information
Property and Assessments
  • Entry Only: No
  • Lot Size: 1-3,999 SF
  • Zoning: Public Rec
  • Assessors Parcel Num: 93972016
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 1
  • Unit 1 Num of Bedrooms: 3
  • Unit 1 Num of Total Baths: 2
  • Unit 1 Rent Actual: $4,200
Unit 2
  • Unit Num for Unit 2: 2
  • Unit 2 Num of Bedrooms: 2
  • Unit 2 Num of Total Baths: 2
  • Unit 2 Rent Actual: $3,200
Unit 3
  • Unit Num for Unit 3: 3
  • Unit 3 Num of Bedrooms: 1
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Rent Actual: $1,750

Property History for 209 David Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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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.

Listing Courtesy of Compass, Carter Kaufman, DRE #01968622

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.