121 45th Street Newport Beach, CA 92663
Here is an amazing opportunity to create your coastal income-property dream just steps from the sand in West Newport. This duplex features a 3 bedroom 2 bath (one ensuite) unit with vaulted ceilings on the top floor and a 2 bedroom 2 bath (one ensuite) on the first floor. Both units have individual laundry hook-ups and utility metering. There is one water meter for the property. The property is in unfinished condition and is ready for your signature and completion. A huge amount of heavy-lifting and infrastructure has been addressed, including but not limited to: Liquefaction Mitigated slab/foundation. New underground electric service/panels/distribution. Separately metered units. New upsized water meter and service lateral. New plumbing and sewer lines. New gas lines. Separately metered. Single water meter but water lines have been isolated to each separate unit. New tankless water heaters with recirculating lines. New forced air heating. New doors/windows (except for a couple existing windows that had already been replaced. New exhaust fans in all baths. New overhead fire sprinklers throughout. Two EV conduits in garage. All new phone, data, A/V cabling throughout. The most recent permits with the city have expired, so they will either need to be renewed or substituted by the buyer with their changes. Recent appraisal pegs the finished value at nearly $1, 000, 000 over the asking price. Act quickly! We have a lender who is familiar with the property and may entertain financing the new purchase. Cash or hard-money buyers are encouraged to write as well.
- Property TypeMulti-Family
- NeighborhoodWest Newport Beach (Wsnb)
- CountyOrange
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site27 Days
- MLS StatusActive Under Contract
- MLS ID NumberOC24087408
- Home Size Source N/A
- Year Built1958
- Lot Size0.0585 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Mid Century Modern
- Parking GarageGarage Faces Rear
- Parking Spaces 3
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0.0585
- Water Public
- Property Sub Type Duplex
- Garage Spaces 2
- Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected
- Listing Conditions Standard
- Property Condition Under Construction
Interior Features
- Cooling None
- Heating Central
- Fireplace Features None
- Laundry Features InsideSee Remarks
- Fireplace No
Exterior Features
- Pool Features None
- Exterior Balcony
- Lot Level with StreetRectangular LotNear Public Transit
Community Features
- Association Dues 0
- Community Features BikingCurbsFishingWatersportsSidewalksStorm DrainsStreet Lights
- Senior Community No
- MLS Area N8 - West Newport - Lido