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5119 River Avenue, Newport Beach, CA 92663

Property Details

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5119 River Avenue
Newport Beach, CA 92663

For Sale: $2,250,000

Property Type: Duplex
MLS#: LG18215256

  • Building Size: 2934 SF
  • Lot Size: 2762 SF
  • Number of Units: 2
  • Number of Stories: 2
  • Year Built: 1963
  • Days on market: 133
  • Cap Rate: 3.40
  • Net Operating Income: $75,600
  • Rent Control: No
  • GRM: 25.46
  • Contact Listing Agent Direct:
  • Sean Jarne, First Team Estates


Property Description

Price just reduced! 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 and has been remodelled. The kitchen is open to the living and dining area making for a modern floorplan. There is a sliding door that opens to a yard 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. The downstairs unit is currently vacant, the upstairs is rented yearly on a month to month lease, keep it that way for steady income or go for the big money with weekly rentals! Don't miss this opportunity!!! 5119river.com


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5119 River Avenue, Newport Beach, CA 92663

Based on information from California Regional Multiple Listing Service, Inc. as of January 11, 2019. 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.

Listing provided by: Sean Jarne, First Team Estates

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