Deal numbers
- Est. cap rate
- 1.2%
- Assumed rent, all units
- $9,720/mo
- Units
- 2
- Price per unit
- $2,400,000
- Est. annual NOI
- $58,320
- Expense assumption
- 50%
Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.
Run your own numbers
Adjust the assumptions to see cash flow and cash on cash return.
- Effective gross income
- $110,808
- Operating expenses
- $55,404
- Net operating income
- $55,404
- Annual debt service
- $287,411
- Annual cash flow
- -$232,007
- Cash on cash return
- -19.3%
- Down payment
- $1,200,000
Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.
Property details
- Type
- Duplex
- Bedrooms
- 6
- Bathrooms
- 3
- Building size
- 2,890 sqft
- Lot size
- 3,049 sqft
- Year built
- 1963
- Stories
- 2
- Garage spaces
- 2
- Cooling
- None
- Pool
- None
- View
- Coastline,White Water,Water
- Status
- Active
- Days on market
- 362
- MLS #
- 231185208
About this property
Prime Investment Opportunity Just Steps from the Sand in Newport Beach. Welcome to your perfect beachside getaway or investment gem! Ideally located, to walking areas for shopping and restaurants this coastal duplex is just a few steps from the sand and offers a peek-a-boo view of the ocean. With a rare short-term rental permit, this property presents a unique opportunity for flexible living or income generation. The lower unit features 2 spacious bedrooms, 1 full bathroom, and could possible have another bathroom added downstairs a fully equipped kitchen, and a private patio—ideal for relaxed coastal living. The upper unit boasts 4 bedrooms, 2 bathrooms, a full kitchen, formal dining area, and two expansive patios for enjoying ocean breezes and sunset views. Additional features include: 2-car garage plus 1 covered parking space Coin-operated laundry room (separate from the units) Ideal for multi-generational living, vacation rental income, or a primary residence with guest accommodations. Whether you're looking for a personal beach retreat, a lucrative investment, or a mix of both, this versatile property delivers on all fronts.
Location
4704 Seashore Drive
Newport Beach, Orange, CA, 92663