Est. cap rate

1.4%

Assumed rent, all units

$7,160/mo

Units

2

Price per unit

$1,550,000

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

4

Bathrooms

4

Building size

2,000 sqft

Lot size

9,165 sqft

Year built

1945

Stories

1

Garage spaces

2

Heating

Natural Gas,Central

Cooling

None

Pool

None

View

None

Status

Active

Days on market

1

MLS #

246037512

About this property

Two homes for the price of one, 3 bedrooms, 3 bathrooms rear home, plus 1 bedroom, 1 bathroom "Casita, mother-in-law, or rental apartment. Both are single level with separate entrances and a security gate for both. On a large 9,165 lot with sizable RV access. This is an exceptional property with potential to build up or expand outward. Can be rented for income purposes. The main home in the back of the property has 3 bedrooms and 1 full, 1 3/4 and 1 1/2 baths (3 total bathrooms), a fireplace with stone hearth and mantel. This home is well maintained with new kitchen cabinets and granite counter tops. The outdoor features include a brick patio and yard/lawn area between the homes. The front home has 1 bedroom and 1 bathroom, a generous kitchen, dining area and patio doors that extend out to its own patio area from the bedroom. Light and airy kitchen with dining area. In the center of these 2 fine homes, you'll find a tropical style landscaped yard with lawn, many palm trees and a professionally manicured garden patch. There are 2 garages and a circular driveway with ample parking. Laurel place is a cul-de-sac. And it is close to parks, the beach, restaurants, shopping and schools. (You can see Newport Harbor High School from the front of the property)

Location

2212 Laurel

Newport Beach, Orange, CA, 92663