Michael Kalla
Broker-Associate
B00966793

1260 Corona Pointe
Corona, CA 92879
Phone: (760) 601-5500
Cell: 7606015500
Email: mkalla04@gmail.com

Realty One Group

 
$2,250,000

5119 River Avenue Newport Beach, CA 92663

Beds: 0
Baths: 0.00
Sq Ft: 0
Type: Residential Income
MLS#: LG18215256
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Estimated Monthly Payment

$5,051
Interest Rate %
Down Payment
5 year
15 year
30 year

This is the first time this property has been on the market in 35 years! Property is located 3 houses from the beach. Don't miss this over-sized beach-close duplex with a 2 car garage and a driveway allowing for lots of parking. The two units are stacked, one on the first floor and one on the second floor. The downstairs unit has 2 bedrooms and 2 baths, it has some improvements throughout but has not been fully remodeled. The kitchen is open to the living and dining area making for a modern floorplan. There is a sliding door that opens to a small yard area in the back. The upstairs is a model match for the downstairs except it has one more extra large bedroom over the garage. The 3rd bedroom is large enough to make a 3rd unit as a studio apartment (with the city's permission of course) and has a separate entrance. These units are currently been rented yearly on month to month leases, keep them that way for steady income or go for the big money with weekly rentals! Don't miss this opportunity!!!, Directions PCH to Balboa, go South, First Right on River, property is a couple block down on the left.

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DescriptionInterior & Exterior Features

Interior Features Include:

Balcony, Cathedral-Vaulted Ceilings, Ceiling Fan, High Ceilings (9 Feet+)
Fireplace Description Living Room
Family Room Y
Rooms Bonus Room, Family Room

Window Cov: Double Pane Windows, Insulated Windows

Heating:
Source Radiant

Floor Type: Wood


Exterior Features Include:

Awning
Fence Wood
Outbuildings Shed(s)

Acreage: 0.0600 Acres

Lot:
Description Back Yard
View Peek-A-Boo
Square Feet 2762
Waterfront Beach Access, Ocean Access, Ocean Side of Freeway, Ocean Side Of Highway 1, Waterfront With Home Acr
Waterfront Type Beach Access, Ocean Access, Ocean Side of Freeway, Ocean Side Of Highway 1, Waterfront With Home Acr

Roof: Shingle

Exterior:
Foundation Slab

Garage/Parking: Driveway, Driveway - Concrete, Garage, Garage - Front Entry, Garage - Single Door
Parking Driveway, Driveway - Concrete, Garage, Garage - Front Entry, Garage - Single Door

Garage Capacity: 2

Other Features Include:

Subdivision: Other (OTHR)

Water: Public

Sewer: Public Sewer, Sewer Paid

Pool: None

This Listing is Presented By
LGJARNSEA

Michael Kalla

Cell: (760) 601-5500

Work: (760) 601-5500

Fax: (888) 770-2018

Email: mkalla04@gmail.com

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