1544 Orchard DR Newport Beach, CA 92660

Sale

$1,599,900

2 Units

5 Beds

2 Baths

1,592 Area(sq.ft.)

7,405 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
Unit 1	1	3	1	No	$ 2,500	$ 30,000	$ 36,000
Unit 2	1	2	1	No	$ 2,750	$ 33,000	$ 36,000
2	2	5	2		$ 5,250	$ 63,000	$ 72,000

MLS #:	OC24060754MR
Days On Market:	16
County:	Orange County
Property Type:	Residential Income
Price per ft²:	$ 1,005
Price per unit:	$ 799,950
Year Built:	1962

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

A rare developer opportunity! This remodeled single story duplex is situated on a flat lot in an excellent location in Newport Beach next to Santa Ana Country Club. Buyer has the option of building 2 units per lot (7405 sq ft). Excellent long term tenants residing in the units currently. Low expenses and good income. RV parking. 1554 Orchard, NB is also for sale on a separate listing. The duplexes are contiguous and are being sold together.

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Income Details

Rent Control:	False
Gross Operating Income:	$ 68,400
Total Annual Expense:	$ 14,200
Net Operating Income:	$ 48,800
Cap Rate:	2.87%
Gross Rent Multiplier:	26.90
Actual Gross Rent:	$ 63,000

Structure

Community Features:	Golf
Style:	Craftsman
Sewer:	Public Sewer
View Description:	None
Water:	Public

Land & Parking

Zoning:	R2
Land Lease Type:	Fee
Parking Garage:	Driveway, Garage, RV Access

Interior

Cooking Appliances:	Oven-Gas
AC/Cooling:	Central
Equipment:	Dishwasher, Gas Dryer Hookup, Outside, Washer Hookup
Heating:	Central
Fireplace Rooms:	None
Laundry:	Gas Dryer Hookup, Outside, Washer Hookup