MLS® ID: OC18239412
2110 W Oceanfront
Newport Beach, California, 92663
$5,295,000
Active
AN OCEANFRONT MULTI USE PROPERTY WITH SOLID STEADY INCOME ALL YEAR ROUND. THIS PROPERTY IS ON THE OCEANFRONT AND THE VIEWS ARE BEYOND INCREDIBLE. TWO RESIDENTIAL UNITS UPSTAIRS EACH W/3 BEDS, 2 BATHS, SHARED LAUNDRY AREA, FRONT AND REAR STAIR CASE AND COMMUNITY PATIO AREA. DOWNSTAIRS ARE BOTH LONG TERM RETAILERS W/LONG TERM ESTABLISHED TENANCY. LEASES WILL BE RENEGOTIATED NEXT YEAR. ALL UNITS ARE BELOW MARKET. THE POTENTIAL IS INCREDIBLE. PROPERTY WAS RENOVATED 15 YEARS AGO AND CAN USE A COSMETIC FACELIFT. 4 PARKING SPACES INCLUDING ONE GARAGE AND ALSO LARGE STORAGE AREA. POTENTIAL FOR VACATION RENTAL INCOME. SEE THE SUNSETS, CATALINA AND CRASHING WAVES DIRECTLY IN FRONT OF YOU.
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