121 42Nd Street

  • Newport Beach

  • $2,150,000
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Residential Income Details

Description
121 42nd Street is a 2-unit multifamily investment property located in Newport Beach, one of the premier coastal housing markets in Southern California. Built in 1964, 121 42nd Street offers investors the opportunity to capitalize on these strong market trends that should increase rental income by approximately 147 percent. Situated on a 0.06-acre lot, the 2,748 square foot property consists of three- and four-bedroom floor plans averaging 1,374 square feet. 121 42nd offers garage parking, large balconies, and direct access to the beach. Located just steps from the beach, residents of 121 42nd Street live within close proximity to the shops, bars, and restaurants on Balboa Peninsula and Pacific Coast Highway. The property is also located near Hoag Hospital Newport Beach, one of the largest employers of Newport Beach.
Essential
MLS #OC18193783
Price$2,150,000
Number of Units2
Sale TypeStandard
StatusActive
Listing BrokerageMarcus & Millichap RE Invest
Listing AgentTyler Leeson
Listing Agent BRE #01451551
Co-Listing AgentKurt Hediger
Co-Listing Agent BRE #01846649
Interior
Exterior
Garage Spaces2
PoolNone
Community
AreaNP - Balboa Peninsula
TractOther (OTHR)
CommunitySidewalks,Street Lighting
Address121 42Nd Street
CityNewport Beach
CountyOrange
StateCA
ZipCode92663
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Monday, August 13, 2018. 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.