Est. cap rate

1.2%

Assumed rent, all units

$7,060/mo

Units

2

Price per unit

$1,697,500

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

4

Building size

2,115 sqft

Lot size

2,550 sqft

Year built

1975

Stories

2

Garage spaces

2

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

0

MLS #

249132414

About this property

Beloved Balboa Island artist’s one-of-a-kind home at the peaceful and quiet end of Agate Avenue. Offered for the first time in over 50 years, this colorful duplex provides unparalleled creative touches and sensational details, along with a total of 4 bedrooms, 4 bathrooms, and a den. The stunning main home opens with a Dutch door from a sunny, brick-lined front patio. The first level’s open floor plan features living, dining, and kitchen spaces, side patio, and den. Adding to the charm are beamed ceilings, stunning hand-painted surfaces, custom-made stained-glass windows, and a fireplace that opens to both the living and dining areas. The second level encompasses 3 ample bedrooms, including the en suite primary bedroom. The spacious and bright upper rear apartment is the perfect retreat and offers 1 bedroom, 1 bath, cathedral ceilings throughout, and a separate entrance with small covered patio. In the rear, there is a 2-car garage along with a side parking space and additional parking behind the garage. 217 Agate is a vibrant and amazing opportunity not to be missed!

Location

217 Agate

Newport Beach, Orange, CA, 92662