Deal numbers
- Est. cap rate
- 1.3%
- Assumed rent, all units
- $7,780/mo
- Units
- 2
- Price per unit
- $1,797,500
- Est. annual NOI
- $46,680
- 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
- $88,692
- Operating expenses
- $44,346
- Net operating income
- $44,346
- Annual debt service
- $215,259
- Annual cash flow
- -$170,913
- Cash on cash return
- -19.0%
- Down payment
- $898,750
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
- 5
- Bathrooms
- 3
- Building size
- 2,446 sqft
- Lot size
- 2,178 sqft
- Year built
- 1965
- Stories
- 2
- Garage spaces
- 2
- Heating
- Central
- Cooling
- Central Air
- Pool
- None
- View
- Ocean,Bay,City Lights,Water
- Status
- Active
- Days on market
- 102
- MLS #
- 239134260
About this property
Perfectly positioned just steps from the sand and the sparkling waters of Newport Harbor, 203 8th Street presents a rare Peninsula duplex opportunity combining ocean and bay views, flexible living, and exceptional coastal walkability. Whether as an owner-occupied retreat with income potential or a prime investment, this property captures the very essence of beachside living. The upstairs residence features 3 bedrooms and 2 baths, a remodeled kitchen, inviting fireplace, and a private rooftop deck showcasing sweeping ocean and harbor views. The primary suite offers an ensuite bath and its own private exterior entrance. Tile flooring anchors the main living areas, with carpeted bedrooms and a hall bath complete with dual vanity and tub/shower combination. The downstairs unit offers 2 bedrooms and 1 bath, a cozy fireplace, and a private patio extending the living space outdoors. An oversized garage provides two parking spaces (one per unit) plus shared laundry. Located just moments from Newport Harbor Yacht Club, world-class beaches, the bay, and the Peninsula’s celebrated dining and shopping, this is a rare opportunity to secure a premier address in one of Newport Beach’s most coveted coastal enclaves.
Location
203 8th st
Newport Beach, Orange, CA, 92661