121 45th Street, Newport Beach

$2,999,000

Previous Next

5

Beds

4

Baths

0.06

Acres

Listing Agent
Dominic Tucci - Pacific Sotheby's Int'l Realty

About 121 45th Street

Here is an amazing opportunity to create your coastal income-property dream just steps from the sand in West Newport. This duplex features a 3 bedroom 2 bath (one ensuite) unit with vaulted ceilings on the top floor and a 2 bedroom 2 bath (one ensuite) on the first floor. Both units have individual laundry hook-ups and utility metering. There is one water meter for the property. The property is in unfinished condition and is ready for your signature and completion. A huge amount of heavy-lifting and infrastructure has been addressed, including but not limited to: Liquefaction Mitigated slab/foundation. New underground electric service/panels/distribution. Separately metered units. New upsized water meter and service lateral. New plumbing and sewer lines. New gas lines. Separately metered. Single water meter but water lines have been isolated to each separate unit. New tankless water heaters with recirculating lines. New forced air heating. New doors/windows (except for a couple existing windows that had already been replaced. New exhaust fans in all baths. New overhead fire sprinklers throughout. Two EV conduits in garage. All new phone, data, A/V cabling throughout. The most recent permits with the city have expired, so they will either need to be renewed or substituted by the buyer with their changes. Recent appraisal pegs the finished value at nearly $1,000,000 over the asking price. Act quickly! We have a lender who is familiar with the property and may entertain financing the new purchase. Cash or hard-money buyers are encouraged to write as well.

Features of 121 45th Street

MLS® # OC24087408
Price $2,999,000
Bedrooms 5
Bathrooms 4.00
Acres 0.06
Year Built 1958
Type Residential Income
Sub-Type Duplex
Style Mid-Century Modern
Status Active Under Contract

Community Information

Address 121 45th Street
Area N8 - West Newport - Lido
Subdivision West Newport Beach (WSNB)
City Newport Beach
County Orange
Zip Code 92663

Amenities

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Cable Available, Phone Available
Parking Spaces 3
Parking Garage, Garage Faces Rear
# of Garages 2
Garages Garage, Garage Faces Rear
Is Waterfront No
Has Pool No
Pool None

Interior

Heating Central
Cooling None
Has Basement No
Fireplace No
Fireplaces None
# of Stories 2
Stories Two

Exterior

Exterior Features Balcony
Lot Description Rectangular Lot, Street Level, Near Public Transit

Additional Information

Date Listed May 1st, 2024
Days on Market 24
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentDominic Tucci
OfficePacific Sotheby's Int'l Realty

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?