Est. cap rate

1.3%

Assumed rent, all units

$9,720/mo

Units

2

Price per unit

$2,247,500

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.

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

52

MLS #

245870014

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 the beach and sand with shopping close by, with being just a few steps from the sand, it 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 possibly 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, and has two separate entrances to the upstairs 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 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