Est. cap rate

0.6%

Assumed rent, all units

$7,060/mo

Units

2

Price per unit

$3,747,500

Est. annual NOI

$42,360

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

5

Building size

3,479 sqft

Lot size

3,400 sqft

Year built

1968

Stories

2

Garage spaces

2

Heating

Ductless,Central

Cooling

Central Air,Ductless

Pool

None

View

Bay

Status

Active

Days on market

33

MLS #

247132030

About this property

Located just three doors from the Bay, this beautifully updated, oversized Balboa Island home sits on an impressive 40-foot-wide lot. Extensively remodeled with new structural steel, windows, doors, plumbing, electrical, roof, and much more, the home has been comprehensively updated throughout. A large front patio leads into a generous great room featuring a fireplace and multiple seating areas. The main living space continues into an incredible chef’s kitchen with a large center island, extensive custom cabinetry, and floating shelves, along with a one-of-a-kind dining space featuring custom built-ins. Also on the first level are a private office, full bath, and spacious interior courtyard that brings additional light and outdoor living into the center of the home. Upstairs, the expansive primary suite includes a private covered balcony, a beautifully finished bath with dual sinks, a freestanding soaking tub and walk-in shower, and a large walk-in closet. Two additional bedrooms each feature an en-suite bath, while one also opens to a large private deck. The home offers immense flexibility as one oversized residence or as a large front home with a separate JADU at the rear. Complete with its own private exterior entrance, the JADU includes a bedroom, bath, and kitchenette. Additional features include Sonos surround sound, a security camera system throughout, a two-car garage, an outdoor shower, and substantial off-street parking that allows the property to accommodate up to five or six vehicles. A portion of the side parking area may also be used as additional patio or entertaining space. Just steps from the waterfront and a short distance from the shops and restaurants of Marine Avenue, this is an exceptional opportunity to own a spacious and versatile home in the heart of Balboa Island.

Location

327 Amethyst

Newport Beach, Orange, CA, 92662