209 David Drive, Unit AC

Newport Beach, CA 92663

$2,188,000
Last Sold Price
6
Beds
5
Baths
2,178 Sq. Ft.
$1,005 / Sq. Ft.
2,178
Sq. Ft.
$1,005
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!

Listing Agent

  1. Carter Kaufman

    Carter Kaufman

    Listing Agent

    Compass

    DRE #01968622

Property Details for 209 David Drive, Unit AC

View
Back Bay, Canal, Peek-A-Boo
Parking Spaces Total
2
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Attached
Lot Size Source
Estimated
Living Area
2178

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 02:20 AM

Property Details for 209 David Drive, Unit AC

StatusClosed
MLS #OC21138666
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential
Year Built1976
Lot Size0.07 AC / 3,141 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, Unit AC

Stories2Residences-Year Built1976Building Size-Lot Size0.07 AC / 3,141 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, Unit AC

Rental Info
Rental Info
  • Pets Allowed: Call For Rules
Income / Expense / Tax Details
Income Details
  • Gross Income: $109,800
  • Gross Scheduled Income: $117,000
  • Net Operating Income: $89,080
  • Financing: Cash
Expense Details
  • Operating Expense: $27,920
  • Gardener Expense: $600
  • Fuel Expense: $300
  • Pest Control Expense: $440
  • Electric Expense: $2,886
  • Insurance Expense: $2,640
  • Maintenance Expense: $2,500
  • Trash Expense: $0
  • Water Sewer Expense: $1,621
  • Total Expenses: $10,739
Tax / Assessment Info
  • Tax Tract Number: 939720
  • Tax Census Tract: 636.03
  • Tax Lot: 1
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Association Amenities: Other
  • Assessments YN: Yes
  • Assessments: Special Assessments, Sewer Assessments
  • Community Features: Biking, Watersports
  • Complex Name: 209 David Drive
  • Association Name: 209 David Drive
  • Association Phone: 9492667082
Property / Structure Info
Interior Features
  • Appliances: Barbecue, Dishwasher, Microwave, Refrigerator
  • Equipment: Dishwasher, Dryer, Microwave, Refrigerator, Washer, Barbecue
  • Interior Features: Beamed Ceilings, Ceiling Fan(s), Granite Counters, High Ceilings, Living Room Deck Attached, Open Floorplan
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Walk-In Closet
  • Main Level Bathrooms: 5
  • Main Level Bedrooms: 6
  • Room Bathroom Features: Bathtub, Shower, Shower in Tub, Double Sinks In Master Bath
  • Bedroom Features: Main Floor Bedroom, Master Bedroom, WalkInCloset
  • Room Kitchen Features: Granite Counters, Stone Counters
  • Eating Area: Breakfast Counter / Bar
  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Fireplace Features: Living Room, Wood Burning
  • Fireplace Rooms: Living Room
  • Fireplace: FP in Living Room
  • Cooling: None
  • Heating: Central
  • Heat Equipment: Forced Air Unit
  • Floor Coverings: Wood
  • Flooring: Wood
Exterior Features
  • Structure Type: Duplex
  • View Description: Back Bay, Canal, Peek-A-Boo
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Sign on Property: No
  • Additional Parcels Description: 93972016
  • Lot Features: Rectangular Lot, Paved
  • Lease Considered: No
  • Number Of Units: 3
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 1
  • Attached Garage: Yes
Property / Structure Info
  • Builders Tract Name: Newport Shores
  • Builders Tract Code: Newport Shores (NEWS)
  • 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: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,200
  • Unit Type Total Rent: $4,200
  • Unit Type Pro Forma: 4500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,200
  • Unit Type Total Rent: $3,200
  • Unit Type Pro Forma: 3400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 209 David Drive, Unit AC

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, Unit AC

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.