205 42nd ST Newport Beach, CA 92663

This Newport Beach Peninsula Property and 'A' Location Duplex is located in the high demand rental area of Newport Beach. The asset consists of 100% two bedroom units located on a corner lot, across from the street from the ocean. The front unit on the main floor is nearly 900 sq ft and includes a spacious, private front patio area that’s ideal for entertaining. The top unit features a private balcony, provides some ocean views and sprawls out at nearly 700 sq ft. The property has 1 two-car garage, where there are washer and dryer hookups for the tenants and the property is separately metered for gas and electric. Largely in part of the tenant profile, the property has been very well maintained and consequently shows very well. One Unit was built in 1947, and the other unit was added in 2002.

This property is in an excellent central Newport Beach location. 42nd St is located in the ideal location on the Newport Beach Peninsula. Since the property is located on the other side of Balboa Boulevard, tenants can easily enjoy the proximity of the beach without any of the commotion. Given the strength of the overall apartment market within the city of Newport Beach, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities.

Rents are below market.