$2,799,000 - 125 Onyx Avenue, Newport Beach

  • 0Beds
  • Baths
  • 2,614SQ. Feet
  • 0.06Acres

This one of a kind, oversized duplex located on the 100 block of Onyx just steps away from Marine Ave. is a must see! A perfect income property for 1031 exchange investors & Short Term/Vacation Income generation. Premises includes a total of 6 bedrooms, 6 bathrooms. Each unit consists of 3 bedrooms and 3 baths. Both units have private entrances, and access to a large newly tiled rooftop deck. Upper unit is currently leased for $3900 per month on a long-term basis. Lease is currently on a month-to-month basis. Lower unit is a short-term year-round vacation rental (Income Available upon request). The lower unit displays a remodeled kitchen with granite counters, new cabinets, new appliances, bi-fold French doors that open to the lovely front patio. Both units are mirror images of one another, and both have direct access to the rooftop deck. Bay and city views encompass this 360-degree entertainment deck. The deck makes for the absolute perfect spot to gather with some family and friends to enjoy some sunshine during the day or some drinks in the evening. Each unit also has its own private 1 car garage. Live in one unit and rent out the other to offset any expenses involved. This is the perfect property whether you use it for vacationing or to live and enjoy the Island lifestyle. You are only one street away from Marine Ave., where you will find all the best restaurants and shops that Balboa Island has to offer. Buyer to verify square footage and rental income.

Sales Agent

Sam SmithNewport Beach Real EstatePhone: 949-444-1901Cell: 949-444-1901Contact Agent Now

Essential Information

  • MLS® #:NP20009906
  • Price:$2,799,000
  • Bathrooms:0.00
  • Square Footage:2,614
  • Acres:0.06
  • Year Built:1978
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:125 Onyx Avenue
  • Area:Lower Newport Bay - Balboa Island (N9)
  • Subdivision:Balboa Island - Main Island (BALM)
  • City:Newport Beach
  • County:Orange
  • State:CA
  • Zip Code:92662

Amenities

  • Parking Spaces:2
  • # of Garages:2
  • Is Waterfront:Yes
  • Waterfront:Lot has Beach Access, Ocean Side of Highway 1, Lot on/near Seawall

Interior

  • # of Stories:2
  • Stories:Two, Three Or More Levels

Exterior

  • Lot Description:Front Yard, Park Nearby, Level with Street
  • Windows:Double Pane Windows

Additional Information

  • Date Listed:January 15th, 2020
  • Days on Market:180

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Provided By: Arthur Dorr(01899740), Balboa Realty.

Based on information from California Regional Multiple Listing Service, Inc. as of July 14th, 2020 at 11:26am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.