204 44th st, Newport Beach, CA 92663
Active
$6,299,000
19%
2 Units
6 Beds
6 Baths
4,000 Area(sq.ft.)
Lot: 3,049 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 4 | 4 | Yes | n/a | n/a | n/a |
| Unit 2 | 1 | 2 | 2 | n/a | n/a | n/a | |
| 2 | 6 | 6 | $ 0 | $ 0 | $ 0 |
| MLS #: | OC24202880MR |
| Days On Market: | 491 |
| Listing Date: | October 2, 2024 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,575 |
| Price per unit: | $ 3,149,500 |
| Year Built: | 1983 |
Property Details
INVESTOR ALERT**TWO SIDE BY SIDE STAND-ALONE Modern Cape Cod homes with 2 Highly Coveted TRANSFERABLE SHORT TERM RENTAL PERMITS* Welcome to 204 44th Street, CASA SURF with TWO fully furnished extraordinary Modern Cape Cods located in the heart of Newport Beach s Peninsula. This unique property spans an impressive 4,000 square feet and features two standalone homes seamlessly connected by stairs and a catwalk on one large lot. **Main House:** - **Size:** 2,700 sqft - **Layout:** 4 Bedrooms, 4 Bathrooms - **Highlights:** Spacious, open-concept living areas, gourmet kitchen, luxurious primary suite with a private beach view deck. The front house boasts a cool industrial roll-up glass door that opens up the home to your private front patio. **Second House:** - **Size:** 1,300 sqft - **Layout:** 2 Bedrooms + Loft, 2 Bathrooms - **Highlights:** Cozy yet modern design, additional living space ideal for guests or extended family, and a versatile loft area. **Additional Features:** - **Short-Term Rental Permits:** 2 Transferable STR permits. Waits for permits as long as 3 years. - **Parking:** 4-car garage - **Furnishing:** Both homes are fully furnished and move-in ready - **Turnkey Business:** Professionally managed with projected revenue of $275,000 annually - **Custom Local Art:** Walls adorned with unique local artwork included - **Outdoor Gear:** Paddle boards and surf gear included - **Artistic Flair:** Cool custom mural painted by a renowned local artist - **Prime Location:** Steps to the bay for launching your SUPs and just a block from Tower 44 Beach - **Outdoor Amenities:** Private outdoor shower between both homes - **Entertainment Space:** Entertainer's outdoor front patio lounge reminiscent of a beach club vibe in the Hamptons - **Unique Features:** A spiral staircase leads you to the third-floor upper-level bedroom suite with a private bathroom and access to the outdoor deck - **Private Entrances:** Homes have multiple private entrances - **Rental Flexibility:** The homes can be rented individually or as one home for large groups This property is more than just a home; it's a lucrative investment opportunity, professionally managed. An investor packet detailing the breakdown of revenue and expenses is available. Whether you're looking for a luxurious family residence, an income-generating property OR BOTH, 204 44th Street offers unparalleled potential and value.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 247,500 |
Structure
| Community Features: | Curbs, Park, Watersports |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
Interior
| AC/Cooling: | Central |
| Heating: | Central |
| Fireplace Rooms: | Living Room |
| Laundry: | Garage |
Exterior
| Pool: | No |
Detailed Map
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