Est. cap rate

0.6%

Assumed rent, all units

$7,160/mo

Units

2

Price per unit

$3,650,000

Est. annual NOI

$42,960

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.

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

6

Building size

3,050 sqft

Lot size

2,857 sqft

Year built

1993

Stories

3

Garage spaces

3

Heating

Central

Cooling

Central Air

Pool

None

View

Ocean,Mountain(s),Catalina,Bay,Hills,Water,Bridge(s)

Status

Active

Days on market

87

MLS #

241337499

About this property

Completely remodeled luxury bayfront duplex in Newport Beach with private dock and just steps from the ocean. Recently elevated with high-end finishes and designer touches throughout, offering a rare blend of luxury waterfront living and flexibility of ownership. Situated along a quiet bay channel facing Newport Island, this location delivers a calm and intimate harbor setting. Watch the paddleboarders cruise by or untie your boat and head out on the bay. Pass under the Newport Blvd bridge and the greater harbor opens up to you. Motor to Lido Marina Village, the Cannery, Billy's & Class of 47, loop the islands, or venture out to the open ocean. Walk across the street to 40th Street Beach where the jetties frame the waves and the blue Pacific ignites your imagination. Bay side unit (3 bed | 4 bath | 1-car garage) opens directly to the water through expansive bifold doors connecting the living room to the bayside deck and dock. Both bay-facing bedrooms have private balconies. Middle guest suite has a Mr. Steam shower. Primary suite has its own fireplace, dual vanities and skylights. Includes a laundry/beach towel room. Ocean view unit (2 bed | 2 bath | 2-car tandem garage) offers an open-concept great room where the kitchen, living area and fireplace flow to an ocean-facing balcony. Primary bedroom has two balconies facing opposite directions with Pacific Ocean and Catalina views one way, and Saddleback Mountain & Newport Coast hills the other. Primary bath has twin skylights, floating double vanity and oversized glass shower. Both units completely renovated top to bottom, both kitchens and all 6 bathrooms. Kitchens feature Taj Mahal quartzite countertops, full slab backsplash, rifted white oak cabinetry & Kohler touchless faucets. Bathrooms redesigned with Restoration Hardware vanities, quartzite countertops, porcelain tile showers, marble master shower with glass doors & Delta/Kohler fixtures. Interiors include natural hardwood flooring, Emtek hardware, Hunter Douglas blinds & new interior doors. Exterior includes full repaint, resealed decks, blacked out railings, tinted glass garage doors, epoxied floors, Restoration Hardware sconces & new glass entry doors. Corner lot next to a landscaped greenbelt with no direct neighbor, adding space, privacy and light. Live in one, host guests or family in the other, or use one or both as a rental. All furnishings and new Duffy available and negotiable separately. Turn the key and live the Newport dream.

Location

3912 River Ave

Newport Beach, Orange, CA, 92663